Latest news with #AmstelGrande
Time of India
17 hours ago
- Business
- Time of India
United Breweries Q1 profit up 6% to Rs 184 cr
BENGALURU: United Breweries Ltd (UBL) posted a 6% year-on-year rise in consolidated net profit to Rs 184 crore for the quarter ended June 30, 2025, as volumes grew 11% and premium beer sales surged 46%. Net revenue rose 16% to Rs 5,380.78 crore, supported by higher demand, price realisations and continued premiumisation. Earnings per share for the quarter stood at Rs 6.95, compared to Rs 6.56 a year earlier. The company said its volume growth, achieved despite election-related disruption in the base quarter, translated into estimated market share gains, both overall and in the premium segment. Flagship brands including Kingfisher Ultra, Amstel Grande and Heineken Silver were key contributors. Amstel Grande was introduced in Karnataka during the quarter, after earlier rollouts in Maharashtra, West Bengal and Uttar Pradesh. Gross profit rose 14% year-on-year, although margins narrowed 50 basis points to 42.5%. Operating profit (EBIT) grew 10% to Rs 247.88 crore, even as UBL increased investments in branding, organisational capability and supply chain infrastructure. Capital expenditure for the quarter stood at Rs 136 crore, nearly Rs 89 crore higher than the same period last year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Choose your Nightfarer and try to survive against the Night's Tide! Shop Now Undo As part of its supply chain reorganisation, UBL closed its Mangaluru unit and stepped up investment in its Mysuru facility. The company continues to contest a Rs 751.8 crore penalty imposed by the Competition Commission of India in 2021. The matter is under appeal in the Supreme Court, and UBL has not provisioned for the penalty, classifying it as a contingent liability. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Standard
01-07-2025
- Business
- Business Standard
Stock Alert: Hindustan Copper, CG Power, BEL, Can Fin Homes
Stock to Watch: Hindustan Copper (HCL) has executed an MoU with Coal India (CIL) to jointly identify and evaluate opportunities in copper and critical minerals sectors, and to explore participation in partnerships with renowned global companies in these sectors. CG Power & Industrial Solutions board approved qualified institutional placement (QIP) with a floor price of Rs 679.08 per equity share, representing a 0.93% premium to the previous closing price. Bharat Electronics (BEL) has secured additional orders worth Rs 528 crore. The order received include radars, communication equipment, EVMs, jammers, shelters, control centre, spares, services etc. Can Fin Homes board approved the appointment of Abhishek Mishra as the chief financial officer (CFO) for a period of 3 years from 30 June 2025. Prashanth Joishy has stepped down from the position of Interim chief financial officer (CFO) with effective from 30 June 2025. He will continue to be on the rolls of the company as deputy general manager. United Breweries has launched its iconic premium beer, Amstel Grande, in Karnataka.
Business Standard
01-07-2025
- Business
- Business Standard
Stock Alert: Hindustan Copper, CG Power, BHEL, Can Fin Homes
Stock to Watch: Hindustan Copper (HCL) has executed an MoU with Coal India (CIL) to jointly identify and evaluate opportunities in copper and critical minerals sectors, and to explore participation in partnerships with renowned global companies in these sectors. CG Power & Industrial Solutions board approved qualified institutional placement (QIP) with a floor price of Rs 679.08 per equity share, representing a 0.93% premium to the previous closing price. Bharat Electronics (BEL) has secured additional orders worth Rs 528 crore. The order received include radars, communication equipment, EVMs, jammers, shelters, control centre, spares, services etc. Can Fin Homes board approved the appointment of Abhishek Mishra as the chief financial officer (CFO) for a period of 3 years from 30 June 2025. Prashanth Joishy has stepped down from the position of Interim chief financial officer (CFO) with effective from 30 June 2025. He will continue to be on the rolls of the company as deputy general manager. United Breweries has launched its iconic premium beer, Amstel Grande, in Karnataka.
Business Upturn
01-07-2025
- Business
- Business Upturn
Top stocks in focus on July 1: IREDA, NHPC, NTPC Green, HUDCO, Bharat Electronics, Hindustan Copper and more
Here's a quick look at the stocks likely to be in focus during today's trade based on recent updates, business developments, order wins, appointments, and corporate actions. Stocks to watch Aavas Financiers: Aquilo House Pte. Limited has been designated as the new promoter of the company. IREDA: The Indian Renewable Energy Development Agency reported a 29% year-on-year increase in loan sanctions for Q1, amounting to ₹11,740 crore, compared to ₹9,136 crore a year ago. United Breweries: The company introduced a new product, 'Amstel Grande' beer, in Karnataka, targeting the premium strong category. Balaji Amines: Commenced commercial production of Isopropylamine at its Osmanabad manufacturing unit. NHPC: Commissioned Phase IV (53.57 MW) of the Karnisar Solar Project, bringing total operational capacity to 214.28 MW out of a planned 300 MW. HUDCO: Reported loan sanctions worth ₹33,904 crore and disbursements of ₹12,812 crore in the first quarter. Thangamayil Jewellery: Opened new branches in Chennai as part of its retail expansion. Timken India: Started commercial production at its new manufacturing facility in Bharuch, Gujarat. Bharat Electronics: Secured additional orders worth ₹528 crore since the previous disclosure on June 20. NCC: Received new orders worth ₹1,690.51 crore in June 2025, focused on the building division. Apollo Hospitals: The board approved a scheme of arrangement involving Apollo Healthco, Keimed, and Apollo Healthtech. Sona Comstar: Exploring the manufacturing of rare earth magnets in India, according to media reports. Kalpataru Projects: Announced fresh orders valued at ₹989 crore across various segments. HCL Technologies: Partnered with OpenAI to advance enterprise-scale artificial intelligence adoption. NTPC Green Energy: Commissioned 32.8 MW of solar power capacity at the Khavda project site in Gujarat. Astec LifeSciences: Launched a ₹249.35 crore rights issue priced at ₹890 per share. ITI Ltd: Signed an agreement with BSNL for the ₹1,901 crore BharatNet Phase-3 project (NER-II package). Godrej Industries: Increased its stake in Godrej Capital to 90.89% through a ₹285 crore investment. Oil India and ONGC: Administered pricing mechanism (APM) gas prices revised upward to $6.75/mmbtu from $6.41/mmbtu. SJVN: Began commercial operations of a 100.25 MW solar capacity, part of the 1,000 MW Bikaner project. Hindustan Copper: Signed an MoU with Coal India for joint exploration of copper and critical minerals. Gabriel India: Set to consolidate Anand Group's auto components businesses through a share swap arrangement. Jet Fuel Price Update: Aviation turbine fuel (ATF) price in Delhi increased by ₹6,271/kl to ₹89,344.05/kl. CG Power: Plans to raise ₹3,000 crore via a qualified institutional placement (QIP) following its highest-ever order win. Bharat Forge: Board approved transfer of the defence business to Kalyani Strategic Systems through OCRPS worth ₹500 crore. ESAF Small Finance Bank: Transferred ₹733.4 crore of non-performing and written-off loans to an asset reconstruction company for ₹73.34 crore. Bank of India: Reduced its lending rates by 5 basis points across all tenors, effective July 1. Uno Minda: Finalised the acquisition of 1.69 crore shares (49.90% stake) in UnoMinda EV Systems from FRIWO GmbH for ₹141.27 crore. Torrent Pharmaceuticals: Anticipates completion of the ₹19,500 crore JB Pharma acquisition within 15–18 months. Ashok Leyland: CEO of Switch Mobility, S Mahesh Babu, to step down effective August 31. JK Cement: Declared a final dividend of ₹15 per share for FY25. Can Fin Homes: Appointed Abhishek Mishra as Chief Financial Officer for a three-year term starting June 30. Patel Engineering: Board to consider a debt issuance proposal at its meeting scheduled for July 3. Wipro: Appointed Tulsi Naidu as chairperson of its nomination and remuneration committee. Larsen & Toubro (L&T): Subsidiary L&T Energy Green Tech incorporated a new wholly owned arm, Panipat Green Hydrogen. Hindustan Zinc: Disclosed contribution of ₹90,000 crore to the exchequer over the past five years, including ₹18,963 crore in FY25. Grindwell Norton: Recommended a final dividend of ₹17 per equity share. One Mobikwik Systems: Citigroup Global Markets Mauritius sold 4.43 lakh shares at ₹246.23 per share. ASM Framework Updates: To be included in ST-ASM : Balaji Amines, Jai Balaji. To be excluded from ST-ASM : Avantel, Dam Networks, Premier Explosives. To be included in LT-ASM: Orient Bell. Price Band Revision: Diamond Power: Revised from 10% to 5%. Dividend Ex-Dates Today: Cera Sanitaryware: ₹65 per share. JSW Infrastructure: ₹0.8 per share. Polychem: ₹20 per share. Dividend Ex-Dates Tomorrow: Bharat Seats: ₹1.1 per share. Sika Interplant: ₹2.4 per share. Other Corporate Developments: Sigachi Industries : A fire incident at the Hyderabad facility resulted in one fatality; plant operations suspended for 90 days. Gensol Engineering: Keya Vimal Salot sold 3 lakh shares at ₹42.32 per share. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash
Reuters
13-02-2025
- Business
- Reuters
India's top beer seller United Breweries posts fall in profit as consumers tighten spending
Feb 13 (Reuters) - United Breweries ( opens new tab, the largest beer seller in India, reported a 25% fall in its profit for the third quarter on Thursday, as inflation-wary consumers cut back on spending on its cheaper brands. The Kingfisher beer-maker's standalone profit before exceptional items and tax fell to 867.3 million rupees ($9.99 million) in the quarter ended December, compared to 1.16 billion rupees a year ago. During the quarter, the company incurred a one-time payment of 257.6 million rupees on account of severance pay to certain employees. The company, majority-owned by Netherlands-based Heineken ( opens new tab, reported a near 7% rise in revenue to 4.42 billion rupees. This was slower than the 13% growth recorded in the previous three months and 12% in the corresponding quarter last year. KEY CONTEXT Persistently high inflation has forced urban consumers with relatively low disposable incomes to rein in their discretionary spending, although the more affluent consumers continue to splurge. To cash in on the trend, United Breweries launched a new higher-priced beer, Amstel Grande, in this financial year, which helped drive sales in the reported quarter. It was also aimed at fending off competition from Anheuser-Busch InBev's ( opens new tab Budweiser Magnum and Carlsberg ( opens new tab Elephant. Last month, United Breweries was also at odds with Telangana, briefly halting its supply to one of India's top beer-consuming state due to delayed payments and a lack of government approval for price increases since 2019/20. PEER COMPARISON * The mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT OCTOBER TO DECEMBER STOCK PERFORMANCE -- All data from LSEG -- $1 = 86.8230 Indian rupees
