Latest news with #HeinekenSilver
Economic Times
08-05-2025
- Business
- Economic Times
Excise duty biggest challenge for beer industry: Kingfisher maker's CEO
United Breweries faces challenges due to rising excise duties, particularly in Karnataka and Telangana, impacting beer prices. Despite this, the company remains confident, planning to expand production capacity and cooler installations. While Q4 standalone revenue declined, net profit increased driven by premium brand demand, with overall volume sales rising by 5%. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Bengaluru: Excise duty remains the biggest challenge to beer business in the country, Vivek Gupta, managing director and chief executive officer of United Breweries , said on Thursday."The worry part is the increase in duty. We saw the impact of that in Telangana and Karnataka. Duty is posing to be the biggest threat," Gupta told analysts in the earnings call post fourth quarter last week increased tax on the manufacturing cost of beer to 205%, from the earlier 195%, thereby impacting the MRP of both mass and premium brands. In Telangana, too, prices went up 15% in "despite the disruption, we are in the middle of the season, (and) we feel confident," Gupta country's largest brewer plans to increase its production capacity this fiscal, he Breweries will also increase cooler installation in retail outlets across the country this fiscal. In Maharashtra alone, it plans to increase cooler penetration from the current 10-15% retail outlets to 50% over the next couple of years, according to however, declined to share the proposed capital expenditure figure for maker of Kingfisher and Heineken beers had a capex of ₹254 crore in 2024-25, up by ₹64 crore from the previous year, which was used in commercial and supply chain initiatives to drive standalone revenue for the fourth quarter declined 7.5% year on year to ₹4,425.5 crore. Its net profit grew by 20.5% to ₹97 crore, buoyed by increasing demand for premium company posted 24% volume growth for its premium portfolio during the quarter while its overall volume sales rose 5%."We see strong growth from Kingfisher Ultra, Kingfisher Ultra Max and Heineken Silver and we continue to drive premium volume growth," the company said in its earnings report."After receiving an overwhelming response in Maharashtra and West Bengal, we also introduced Amstel Grande in Uttar Pradesh, a vibrant market with a growing demand for premium beverages," it 2024-25, UBL sales grew by 5.6% on year to ₹19,400.8 crore and net profit rose 7.8% to ₹441 Breweries' shares closed at ₹2,159 on the BSE on Thursday, down 1% from the previous close.
Time of India
08-05-2025
- Business
- Time of India
Excise duty biggest challenge for beer industry: Kingfisher maker's CEO
United Breweries faces challenges due to rising excise duties, particularly in Karnataka and Telangana, impacting beer prices. Despite this, the company remains confident, planning to expand production capacity and cooler installations. While Q4 standalone revenue declined, net profit increased driven by premium brand demand, with overall volume sales rising by 5%. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Bengaluru: Excise duty remains the biggest challenge to beer business in the country, Vivek Gupta, managing director and chief executive officer of United Breweries , said on Thursday."The worry part is the increase in duty. We saw the impact of that in Telangana and Karnataka. Duty is posing to be the biggest threat," Gupta told analysts in the earnings call post fourth quarter last week increased tax on the manufacturing cost of beer to 205%, from the earlier 195%, thereby impacting the MRP of both mass and premium brands. In Telangana, too, prices went up 15% in "despite the disruption, we are in the middle of the season, (and) we feel confident," Gupta country's largest brewer plans to increase its production capacity this fiscal, he Breweries will also increase cooler installation in retail outlets across the country this fiscal. In Maharashtra alone, it plans to increase cooler penetration from the current 10-15% retail outlets to 50% over the next couple of years, according to however, declined to share the proposed capital expenditure figure for maker of Kingfisher and Heineken beers had a capex of ₹254 crore in 2024-25, up by ₹64 crore from the previous year, which was used in commercial and supply chain initiatives to drive standalone revenue for the fourth quarter declined 7.5% year on year to ₹4,425.5 crore. Its net profit grew by 20.5% to ₹97 crore, buoyed by increasing demand for premium company posted 24% volume growth for its premium portfolio during the quarter while its overall volume sales rose 5%."We see strong growth from Kingfisher Ultra, Kingfisher Ultra Max and Heineken Silver and we continue to drive premium volume growth," the company said in its earnings report."After receiving an overwhelming response in Maharashtra and West Bengal, we also introduced Amstel Grande in Uttar Pradesh, a vibrant market with a growing demand for premium beverages," it 2024-25, UBL sales grew by 5.6% on year to ₹19,400.8 crore and net profit rose 7.8% to ₹441 Breweries' shares closed at ₹2,159 on the BSE on Thursday, down 1% from the previous close.
Time of India
05-05-2025
- Entertainment
- Time of India
Revealed: The shocking price F1 fans pay for a beer at the Miami Grand Prix – Can you afford it?
Formula One fans attending the Miami Grand Prix were left shocked this weekend by the eye-watering cost of refreshments at the Hard Rock Stadium , with the price of beer alone sparking widespread disbelief. Now in its fourth year on the F1 calendar, the Miami Grand Prix has gained a reputation for blending elite motorsport with festival-style glamour, often compared to 'F1's answer to Coachella.' But just like a big-name music festival, fans are paying premium prices especially when it comes to food and drink. A receipt shared by Mail Sport's Jonathan McEvoy showed two 16oz Heineken beers being sold for $13 each, before tax and tip. A single Heineken Silver cost $13, but with $3.12 in taxes and a $4.21 tip added, three beers ended up costing a hefty $46.33. The pricing has drawn widespread criticism online, with many fans calling the costs 'staggering' and 'out of touch,' especially as heat and long lines make drinks a must-have during race weekend. Among the notable faces spotted in the paddock was British boxer Conor Benn , who made an appearance just one week after his defeat to Chris Eubank Jr. Also in attendance were Manchester United co-owner Sir Jim Ratcliffe , comedian Jack Whitehall, and celebrity chef Gordon Ramsay . On the track, Max Verstappen continued his dominant form by taking pole position in Miami. The Dutchman edged out McLaren's Lando Norris by just six-hundredths of a second in qualifying — a feat he achieved only days after becoming a father. 'Becoming a dad has not slowed me down,' Verstappen said after his session. 'I never listened to these silly things. I just do my thing. There have been enough drivers who have been champions after becoming dads. I don't know where the idea comes from.'
Daily Mail
04-05-2025
- Entertainment
- Daily Mail
Revealed: Staggering beer prices at Miami Grand Prix leaves F1 fans stunned... with Conor Benn and Sir Jim Ratcliffe among those in attendance at Hard Rock Stadium
Formula One fans have been left stunned at the prices of beers at the Miami Grand Prix. Miami is hosting Formula One fans for the fourth consecutive year, having first joined the Grand Prix calendar back in 2021. The circuit winding around the Hard Rock Stadium - home of the NFL's Dolphins - may not win over every driver, but for fans, it's a spectacle likened to F1's answer to Coachella. But much like those big-name events, grabbing a drink or bite to eat comes with a serious price tag. A receipt obtained by Mail Sport's Jonathan McEvoy has revealed the steep cost of refreshments. Supporters hoping to cool off with a cold beer will be met with staggering costs, with two 16oz Heinekens setting punters back $26 — that's $13 each, and that's before tax and tip. A receipt obtained by Mail Sport's Jonathan McEvoy has revealed the steep cost of beers Even those opting for a single 16oz Heineken Silver weren't spared, facing the same $13 price tag, with a further $3.12 in tax and a $4.21 tip added to the bill - bringing the total to a wallet-emptying $46.33 for just three beers. Several high-profile British names are expected to attend the Miami Grand Prix, including Manchester United co-owner Sir Jim Ratcliffe, comedian Jack Whitehall and chef Gordon Ramsay. Also spotted in the paddock was boxer Conor Benn, making an appearance just a week after suffering defeat against Chris Eubank. Red Bull's Max Verstappen will start from pole position in Miami having secured . he fastest qualifying time. The Dutchman pipped McLaren's Lando Norris by six-hundredths of a second just days after becoming a father. 'Becoming a dad has not slowed me down,' smiled Verstappen. 'I never listened to these silly things. I just do my thing. 'There have been enough drivers who have been champions after becoming dads. I don't know where the idea comes from.'
