United Breweries Ltd Share Price (UBL)

United Breweries CFO Resigns - 22 Apr, 2024

Radovan Sikorsky, the Chief Financial Officer of United Breweries Ltd, has resigned from his position due to a change in role as Regional CFO for Asia. He will continue to discharge his duties until June 30, 2024.

United Breweries to Benefit from Upcoming Cricketing Events and Heatwave - 18 Apr, 2024

United Breweries, India's largest beer maker, is expected to benefit from the upcoming T20 Cricket World Cup in June and ongoing IPL, which will have a positive impact on volumes. The peak season for the company runs from April to July, contributing 40-45% of its annual beer volumes.

United Breweries Ltd Revenue and Profits Increase, Dolly Khanna Invests - 15 Apr, 2024

Ace investor Dolly Khanna acquired a 1.14% stake in United Breweries Ltd worth Rs. 27.7 crores. The company's revenue increased by 7% to Rs. 266 crores, while net profits rose by 20% to Rs. 18 crores. The company doubled its production capacity at its Karnataka plant and saw strong expansion of Hunter beer in Madhya Pradesh, Odisha, and Delhi.

United Breweries Expected to Benefit from Summer Sales - 10 Apr, 2024

India's largest beer manufacturer, United Breweries, is expected to see strong sales during the April to July period, which contributes 40-45% of its annual beer volumes. The T20 Cricket World Cup and Indian Premier League are also expected to boost volumes. The company is predicted to increase its volumes by 9% in the March quarter.

United Breweries Receives Tax Demand from Maharashtra GST Dept. - 08 Apr, 2024

United Breweries Ltd has received a tax demand of over Rs 263.70 crore for FY20 from the Maharashtra State Goods & Service Tax Department, which includes interest and penalty.

United Breweries Issued Tax Demand of Rs 263.72 Crore - 06 Apr, 2024

Maharashtra State GST Department has issued a tax demand of Rs 263.72 crore to United Breweries Limited for imposing central sales tax on debit notes raised by the company to reimburse state excise duties paid during FY2020. The company is confident in its ability to defend the issue before the relevant appellate authority and does not expect any significant financial impact.

United Breweries Receives Tax Demand of Over Rs 263 Crore - 05 Apr, 2024

United Breweries Ltd has received a tax demand of over Rs 263.70 crore, including interest and penalty from the Maharashtra State Goods & Service Tax Department for fiscal year 2019-2020. The company believes it has a strong case to defend before the relevant appellate authority and does not expect any financial impact on the company except for a minimal statutory pre-deposit.

United Breweries Ltd Moderates Growth Expectations - 03 Apr, 2024

Despite achieving compound earnings per share growth of 80% per year, United Breweries' average annual share price increase of 18% is lower than EPS growth. The market has moderated its expectations for growth, but remains optimistic with a P/E ratio of 140.90.

United Breweries Stock Gains Amid Positive Outlook and Anticipated Supply Disruptions - 02 Apr, 2024

Despite anticipating supply disruptions, United Breweries Ltd (UBL) is optimistic about a strong outlook. An Icra report predicts that beer companies will see a 9-11% YoY increase in revenue in 2024, largely driven by volume growth of 4-6%. UBL's stock has gained 5.6% in the last month.

United Breweries Gains Market Share in India - 01 Apr, 2024

According to Vivek Gupta, United Breweries has gained market share on a national basis and is investing heavily in India. Heineken, the majority shareholder, will roll out its international brand portfolio through UB company.