Latest news with #KingfisherUltraMax
Time of India
09-05-2025
- Business
- Time of India
Excise duty biggest challenge for beer industry: Kingfisher maker's CEO
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 results. Karnataka last week increased tax on the manufacturing cost of beer to 205 per cent , from the earlier 195 per cent , thereby impacting the MRP of both mass and premium brands. In Telangana, too, prices went up 15 per cent in February. However, "despite the disruption, we are in the middle of the season, (and) we feel confident," Gupta said. The country's largest brewer plans to increase its production capacity this fiscal, he said. United 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 per cent retail outlets to 50 per cent over the next couple of years, according to Gupta. He, however, declined to share the proposed capital expenditure figure for 2025-26. The maker of Kingfisher and Heineken beers had a capex of Rs 254 crore in 2024-25, up by Rs 64 crore from the previous year, which was used in commercial and supply chain initiatives to drive growth. Its standalone revenue for the fourth quarter declined 7.5 per cent year on year to Rs 4,425.5 crore. Its net profit grew by 20.5 per cent to Rs 97 crore, buoyed by increasing demand for premium brands. The company posted 24 per cent volume growth for its premium portfolio during the quarter while its overall volume sales rose 5 per cent . "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 added. For 2024-25, UBL sales grew by 5.6 per cent on year to Rs 19,400.8 crore and net profit rose 7.8 per cent to Rs 441 crore. United Breweries' shares closed at Rs 2,159 on the BSE on Thursday, down 1 per cent from the previous close.
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.
Business Standard
08-05-2025
- Business
- Business Standard
United Breweries Q4 PAT rises 20% YoY to 98 crore
United Breweries' consolidated net profit jumped 19.88% to Rs 97.76 crore in Q4 FY25, compared to Rs 81.55 crore posted in the corresponding quarter last year. Revenue from operations (excluding excise duty) rose 8.89% YoY to Rs 2,322.98 crore in the March 2025 quarter. Profit before tax (PBT) grew 20.33% to Rs 132.07 crore in the fourth quarter of FY25, compared with Rs 109.76 crore posted in the same quarter the previous year. Volume in the fourth quarter increased 5%, despite temporary suspension in Telangana & industry-wide challenges from duty structure changes in Karnataka. The premium segment grew by 24% in the quarter. Within the segment, the company saw strong growth for Kingfisher Ultra & Kingfisher Ultra Max and Heinekenr, and it continues to drive premium volume growth. During the quarter, gross profit margin improved by 37 bps to 42.1% in Q4 FY25. Investments in capex during the quarter were Rs 254 crore, primarily in supply chain initiatives to cater for future growth. We remain committed and optimistic to unlock growth in the category & shape the future of beer in India driven by increasing disposable income, favorable demographics & premiumization, stated the firm in an exchange filing. Meanwhile, the board has recommended a dividend of Rs 10 per equity share of face value of Rs 1 each for the financial year ended March 31, 2025, subject to approval of the members at the ensuing Annual General Meeting. United Breweries, controlled by Dutch multinational company Heineken NV, is primarily engaged in the manufacture, purchase, and sale of beer and non-alcoholic beverages.
