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Time of India
18 hours ago
- Business
- Time of India
Can crunch hits United Breweries' growth as demand for canned beer surges
India's largest beer manufacturer, United Breweries Ltd is facing an unprecedented challenge -- shortage of cans leading to frequent stock outs when consumers now prefer to drink canned beer. The company has lost at least 1-2 points of growth due to this over the last six months, said managing director Vivek Gupta . "The shortage of cans is a challenge. Cans as a segment is growing at a certain pace, and there is no quick fix for the supply of cans. So that is a little bit of something for us, in the next quarter. This is definitely (an issue) for us, and for the industry as well. Those are some of the factors that make me nervous,' Gupta told analysts during the company's first quarter earnings call on Wednesday. Explore courses from Top Institutes in Please select course: Select a Course Category PGDM healthcare Public Policy MBA MCA Cybersecurity Data Science Healthcare Management Design Thinking Product Management Degree Leadership others Finance Operations Management Data Analytics Digital Marketing CXO Technology Project Management Others Data Science Artificial Intelligence Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details Despite this, the manufacturer of Kingfisher and Heineken brands grew volumes by 11% in the April-June quarter and gained market share in both overall and premium segment. The premium portfolio, in particular, grew at 46%. Gupta said there is a fixed supply of cans in the market, whether it's for the beer industry, or some of the other industries. Even within beer industry, there is a fixed quota while the demand is more than that, he said. "So we definitely have stock outs, because we are not being able to supply cans. Or that we cant get cans,' he said. The MD said importing cans will also take time. "The government of India, along with multiple associations are working on that, but that also will take time, the backward integration in the beer industry needs a lot of work. Whether it's bottles or cans. We are actually actively working with international suppliers for long term on that. We would have atleast lost, I would say, 1-2 points growth because of lack of cans over a 6-month period," said Gupta. Last year the company imported new bottles as supplies remained tight. "The recycled bottle supply chain was very much disturbed by high cullet demand," the company said in its latest annual report. United Breweries has posted its standalone profit after tax for the first quarter ending June 30th at Rs 184 crore which grew by 6% on a year-on-year basis, and the net sales for the period grew by 16% to reach Rs 2,862 crore. The company invested Rs 136 crore in the first quarter as compared to Rs 89 crore during the same period last year. The investments were primarily focused on commercial and supply chain initiatives. On Wednesday, United Breweries' shares closed at Rs2,020 a piece on the BSE, down by 0.78%.
Economic Times
a day ago
- Business
- Economic Times
United Breweries shares in focus after Q1 PAT jumps 6% YoY
Shares of United Breweries are likely to remain in focus on Wednesday after the Kingfisher beer maker reported a 6% year-on-year (YoY) increase in profit after tax (PAT) at Rs 184 crore for the first quarter of FY26. ADVERTISEMENT This is compared to a net profit of Rs 173.80 crore in the same quarter of the previous financial year. The growth comes on the back of strong volume performance, a sharp rise in premium segment sales, and double-digit revenue expansion. For the June quarter, United Breweries recorded an 11% growth in total volume, while premium volume surged by 46%. Net sales rose by 16% YoY and EBIT increased by 10%.Meanwhile, gross margin stood at 42.5%, 50 basis points lower compared to the same period last year. The robust sales performance pushed the company's PAT higher by 6% over on the outlook, the company said that it remains optimistic about long-term growth, citing rising disposable income, favourable demographics, and increasing consumer preference for premium offerings. ADVERTISEMENT It reiterated its focus on revenue management and cost initiatives to support margin accretion, even as it continues to invest in brand-building and capacity short-term margin pressure, United Breweries aims to maintain momentum in category growth while increasing the share of premium products in its portfolio. ADVERTISEMENT Also read: Sebi shares Jane Street probe details with SECOver the past one year, the shares of United Breweries have gained 1.10%. However, on a year-to-date (YTD) basis, it has declined by 2.60%. The stock is down 1.27% over the last six months and has dropped significantly by 8.73% over the three months. In contrast, it has risen 4.83% in the past one month. ADVERTISEMENT On Tuesday, the shares of United Breweries closed 0.74% higher at Rs 2,036.90 on the BSE. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
a day ago
- Business
- Time of India
United Breweries shares in focus after Q1 PAT jumps 6% YoY
Shares of United Breweries are likely to remain in focus on Wednesday after the Kingfisher beer maker reported a 6% year-on-year (YoY) increase in profit after tax (PAT) at Rs 184 crore for the first quarter of FY26. This is compared to a net profit of Rs 173.80 crore in the same quarter of the previous financial year. Explore courses from Top Institutes in Please select course: Select a Course Category Data Analytics Project Management MBA Management CXO healthcare Data Science Operations Management Digital Marketing Cybersecurity MCA Public Policy Others Leadership Product Management Degree others PGDM Technology Finance Healthcare Design Thinking Data Science Artificial Intelligence Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details The growth comes on the back of strong volume performance, a sharp rise in premium segment sales, and double-digit revenue expansion. For the June quarter, United Breweries recorded an 11% growth in total volume, while premium volume surged by 46%. Net sales rose by 16% YoY and EBIT increased by 10%. Meanwhile, gross margin stood at 42.5%, 50 basis points lower compared to the same period last year. The robust sales performance pushed the company's PAT higher by 6% over Q1FY25. Commenting on the outlook, the company said that it remains optimistic about long-term growth, citing rising disposable income, favourable demographics, and increasing consumer preference for premium offerings. It reiterated its focus on revenue management and cost initiatives to support margin accretion, even as it continues to invest in brand-building and capacity expansion. Despite short-term margin pressure, United Breweries aims to maintain momentum in category growth while increasing the share of premium products in its portfolio. Also read: Sebi shares Jane Street probe details with SEC United Breweries share price history Over the past one year, the shares of United Breweries have gained 1.10%. However, on a year-to-date (YTD) basis, it has declined by 2.60%. The stock is down 1.27% over the last six months and has dropped significantly by 8.73% over the three months. In contrast, it has risen 4.83% in the past one month. On Tuesday, the shares of United Breweries closed 0.74% higher at Rs 2,036.90 on the BSE.
Reuters
2 days ago
- Business
- Reuters
India's United Breweries posts higher Q1 profit on premium growth, lower costs
July 22 (Reuters) - United Breweries ( opens new tab, India's largest beer maker, reported a nearly 6% rise in quarterly profit on Tuesday, benefiting from lower excise duty costs and strong demand for its premium beers. The Kingfisher beer maker's consolidated profit came in at 1.84 billion rupees ($21.30 million) for the quarter ended June 30, up from 1.74 billion rupees a year earlier. United Breweries, majority-owned by Dutch brewer Heineken ( opens new tab, posted a nearly 16% rise in net sales, led by a 11% growth in volumes, higher pricing and premiumisation. Total expenses fell 7.8%, driven by lower excise duty costs. Beer makers in India are riding a wave of resilient premium consumption, as upper middle-class and affluent consumers, largely insulated from the rising living costs in metros, continue to spend freely on higher-end goods, including pricier brews. The shift toward premiums has helped offset broader inflationary pressures and subdued demand at the mass-market level, fuelling earnings growth for players in the alcohol and lifestyle segments. Spirits-maker Radico Khaitan ( opens new tab, retail chain Shoppers Stop ( opens new tab and beauty retailer Nykaa ( opens new tab have capitalised on this trend in recent quarters, reporting strong gains driven by their premium portfolios. Premium segment grew 46% in the reported quarter, higher than the overall volume growth of 11%. PEER PERFORMANCE * 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 APRIL TO JUNE STOCK PERFORMANCE -- All data from LSEG -- $1 = 86.3650 Indian rupees
Yahoo
4 days ago
- Business
- Yahoo
Historic 'Springer Home' demolished in Kingfisher
KINGFISHER, Okla. (KFOR) — It was a somber day for some residents in Kingfisher as a historical house, known as 'The Springer Home,' was purchased and torn down after being on the market for years. 'If walls could talk, the stories it would tell,' said Brittany Anderson. The historic Springer Mansion, at Main and Locust, has been reduced to rubble. For nearly 100 years, it served as an unofficial historical landmark in Kingfisher. 'It's hard to see history being destroyed and forgotten,' said Anderson. Anderson said it was originally built by Richard Pappe, co-owner of the Sonic franchise, in 1934. Yukon amphitheater project won't move forward, city says About 25 years later, Anderson's great-grandparents purchased it. They also owned the Springer Market in Kingfisher. Every detail inside the home was a treasure and told a story. 'I was hoping to make it for some of the wallpaper in the dining room,' said Anderson. 'That always made my heart so full of joy.' In 2010, the family sold the home. Shortly after that, it sat for sale for years. 'One of the local developers bought it in a foreclosure,' said Jim Thomas, the Kingfisher City Manager. Thomas said the lot is about a half-acre. The future plans are still up in the air, but it could be the future home of a strip mall. 'If he wants to turn it into a commercial development, planning and zoning will look at the area,' said Thomas. 'Whatever he puts in, he's got to have parking for the employees and the customers.' The demolition was a surprise to the Springers' descendants. They gathered across the street to reminisce on family gatherings with multiple generations. 'My grandma and Grandpa's 50th wedding anniversary was here,' said Anderson. They also grieved what could've been the house's future. 'I have a sister getting married who wanted to take her pictures taken on the stairs,' said Anderson. 'My goal was to be able to purchase it and turn it into a wedding venue and historic site.' The family wants to see Kingfisher grow and thrive, but also hopes to see an homage to the Springers. 'Something to acknowledge the family,' said Anderson. An interesting note, one of the homeowners planted a tree in the yard on their 20th wedding anniversary. The day of the demolition just happened to be the couple's 54th anniversary. News 4 reached out to the developer, but we did not hear back. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword
