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Beer industry sees near double-digit growth but margins under pressure: UBL MD & CEO
The Indian beer sector is witnessing impressive growth, propelled by reformative state initiatives and seasonal weather advantages. However, the rising costs of inputs, notably glass and imports exacerbated by international disputes, are strategically challenging profitability. Yet, firms are optimistic about regaining profit stability as beer consumption among younger demographics, who prefer lighter alcoholic beverages, continues to rise.
'Beer Much More Than A Product': United Breweries' Report Details Impact On Indian Economy
The Brewers Association of India's head stated that the beer industry contributed Rs 51,000 crore in taxes.
Buy Tata Consumer, Britannia; Sell ITC, United Breweries: Citi's FMCG Playbook Ahead Of Q1
Citi expects another strong quarter for FMCG companies despite price hikes, with Tata Consumer, Godrej Consumer and Britannia emerging as its top stock picks ahead of Q1 earnings.
Cupid Breweries to acquire United Spirits' alcobev unit in Odisha for Rs 22.5 crore
Cupid Breweries and Distilleries will acquire an operational alcoholic beverage manufacturing unit in Odisha from United Spirits Limited. The deal is valued at Rs 22.5 crore. This acquisition is a significant step in Cupid Breweries' expansion strategy. The unit has a substantial production capacity. Diageo India is divesting non-core assets as part of its strategic focus.
Cupid Breweries hits the roof after signing deal to buy United Spirits manufacturing unit
Cupid Breweries and Distilleries hit an upper limit at Rs 26.64 after signing pact with United Spirits to buy an operational manufacturing unit in Gopalpur, Odisha, for Rs 22.50 crore.
Cupid Breweries to acquire Odisha Alcobev Unit from United Spirits
Cupid Breweries and Distilleries said that it has entered into an agreement with United Spirits, a Diageo Group company, for the purchase of an operational alco-beverage manufacturing unit in Gopalpur, Odisha, for Rs 22.50 crore.
Apollo Tyres, Kaynes, Tata Capital, United Breweries hit 52-week lows
The stock price Kaynes Technology was quoting lower for the fifth straight day, plunging 27 per cent during the period.
United Breweries' ₹275-crore tax demand cut to zero by Maharashtra tribunal
The beer maker said it received a favourable order from the Maharashtra Sales Tax Tribunal, Mumbai, which reduced a tax demand related to FY19 to nil. Shares of United Breweries Ltd ended at ₹1,411.10, down by ₹2.70, or 0.19%, on the BSE today, May 12.
'Every District Seen As Country': Why Kingfisher Maker Is Going Hyperlocal In Maharashtra
United Breweries is expanding district by district in Maharashtra as premium beer demand rises and consumption spreads beyond major cities.
UBL says employee accidentally shared unpublished financial information
United Breweries Limited says an employee inadvertently shared draft annual results with one individual, but final results were soon disclosed and no further SEBI action is required
United Breweries says employee mistakenly shared draft financial results, reports disclosure
United Breweries has disclosed an unintentional leak of draft financial results. An employee shared unpublished price-sensitive information with an external party. The company quickly released the final results on the same day. This prompt disclosure means no further regulatory action is expected. United Breweries is taking steps to address the lapse as part of good corporate governance.
‘We are not going to do charity’: Kingfisher beer maker United Breweries plans to exit unprofitable states amid cost surge, pricing curbs
United Breweries, a major player in India's beer market, is preparing to withdraw from unprofitable regions due to soaring input costs and rigid state pricing controls. The company, facing a significant hit to profitability, will make tough decisions regarding supply, promotions, and market prioritization to ensure financial viability.