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United Breweries' Q1 net profit rises to Rs 162.5 cr on volume growth
Beer maker United Breweries Ltd on Wednesday reported a five-fold jump in its consolidated net profit to Rs 162.50 crore in the June quarter, mainly on the back of volume growth. The company, controlled by Dutch multinational brewing company Heineken NV, had posted a net profit of Rs 30.94 crore in the year-ago period, according to a regulatory filing. United Breweries Ltd's (UBL) revenue from operations climbed 95.88 per cent to Rs 5,196.08 crore during the quarter under review. It stood at Rs 2,652.63 crore in the corresponding period of the previous fiscal. The company's volumes in the first quarter of the current fiscal were more than double compared to the Covid-impacted quarter on an annual basis. "The quarter witnessed a more than doubling of volumes, in addition to a sequential growth of 42 per cent resulting in an 8 per cent growth over corresponding pre-Covid quarter 2019. "The premium segment recorded growth ahead of the total portfolio," UBL said. However, its gross
 "United Breweries' Q1 net profit rises to Rs 162.5 cr on volume growth")
Liquor stocks rally; Globus Spirits zooms 20%, Radico Khaitan surges 10%
In the past two days, Franklin Strategic Emerging Markets Fund IV sold 799,000 shares, representing a 2.7 per cent stake, of Globus Spirits through a bulk deal on the National Stock Exchange
 "Liquor stocks rally; Globus Spirits zooms 20%, Radico Khaitan surges 10%")
Liquor shares rally on good Q4 show; UBL, Radico Khaitan hit new high
United Breweries (UBL),United Spirits and Radico Khaitan rallied between 5% and 7% on the BSE in intra-day trade
 "Liquor shares rally on good Q4 show; UBL, Radico Khaitan hit new high")
