INDIA: United Breweries sees Q1 profits, sales climb

By | 15 August 2013

  • Q1 net profits up 22.6% to INR1.2bn (US$19.6m)
  • Net sales rise 13% to INR13.6bn 
  • Operating profits (EBITDA) up 25% to INR1.8bn
  • Volumes up 1.5% 
The company saw a rise in Q1 profits and sales

The company saw a rise in Q1 profits and sales

Volume rises in key markets has helped United Breweries report a solid rise in first-quarter sales and volumes. 

The brewing arm of UB Group said yesterday (14 August) that net profits in the three months to the end of June rose by 22.6% to INR1.2bn (US$19.6m). Net sales in the period were up by 13% to INR13.6bn, while EBITDA climbed by 25% to INR1.8bn.

The group posted similarly healthy full-year numbers in May

The company said its Q1 was boosted by double-digit volume growth in Delhi, Rajasthan, Punjab, Orissa and Uttar Pradesh, which also helped improve its market share. 

Price increases in “select” markets also off-set rising input costs bought on by inflation in India, the brewer said. Cost pressures are expected to continue over the financial year, it added. 

Diageo took control of United Breweries' sister company, United Spirits, last month. United Breweries is 37.5%-owned by Heineken.

Expert analysis

Beer in India

Beer in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2007-11, and forecast to 2016). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the India beer market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Sectors: Beer & cider, Company results, Emerging markets – BRIC

Companies: Diageo, Heineken, United Breweries, UB Group, United Spirits

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