Latest news with #MangaloreBrewery
Business Standard
03-06-2025
- Business
- Business Standard
United Breweries announces closure of Mangalore unit
United Breweries has announced plans to shut down operations at its Mangalore brewery unit in Karnataka, effective 30 June 2025. The company has decided to close its brewery unit located at Plot No. 310, 311, 322E Industrial Area, Baikampady, Mangalore 575011, Karnataka. The company has initiated a strategic consolidation of capacity and is pursuing an expansion at its Nanjangud Brewery in Mysuru, where it is making significant investments to enhance supply chain efficiencies. This expansion will play a pivotal role in meeting future demand efficiently and sustainably through enhanced operations within Karnataka. The closure of the Mangalore Brewery will not impact the companys business performance in the state. The company reaffirmed its strong and enduring commitment to the state, its communities, and its consumers. It also emphasized its dedication to taking all necessary and responsible steps to support its employees and workmen through this transition. United Breweries, controlled by Dutch multinational company Heineken NV, is primarily engaged in the manufacture, purchase, and sale of beer and non-alcoholic beverages. The companys 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. Shares of United Breweries shed 0.09% to Rs 2011.40 on the BSE.
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Business Standard
02-06-2025
- Business
- Business Standard
United Breweries to shut Mangalore brewery, plans Nanjangud expansion
Beer maker United Breweries Ltd has announced plans to wind up operations at its Mangalore brewery unit in Karnataka with effect from June 30, 2025. 'We wish to inform that the company has decided to close its brewery unit situated at Plot No. 310, 311, 322E, Industrial Area, Baikampady, Mangalore – 575011, Karnataka ('Mangalore Brewery'/'Unit') effective June 30, 2025,' the company said in an exchange filing. The move is part of a consolidation effort in its brewery operations, and the company plans to expand its Mysuru brewery. 'We have initiated a strategic capacity consolidation and are pursuing expansion at our Nanjangud brewery in Mysuru, where we are making significant investments to scale our supply chain efficiencies,' the company said. The planned expansion is intended to effectively meet future demand through improved operations within Karnataka. 'The closure of the Mangalore brewery will not impact our business performance in the state,' the company said. Q4FY25 results UBL's consolidated net profit rose by 19.87 per cent to Rs 97.76 crore in the January–March quarter of FY25, compared to Rs 81.55 crore in the same quarter the previous year. According to a regulatory filing by UBL, which is under the control of Dutch brewing giant Heineken NV, its revenue from operations declined by 7.54 per cent to Rs 4,427.15 crore in the March quarter, down from Rs 4,788.68 crore in the same period last year. The company's total expenses for the March quarter stood at Rs 4,303.09 crore, an 8.54 per cent decrease. UBL's total income, including other income, declined by 7.9 per cent to Rs 4,435.16 crore in the March quarter. The company's net profit for the financial year ending March 31, 2025, rose by 7.67 per cent to Rs 442.41 crore, compared to Rs 410.86 crore in the previous year.
