United Breweries Ltd Share Price – NSE  /  BSE

Alcoholic Beverages, Small Cap

Revenue from operations (excluding excise duty) rose 8.81% YoY to Rs 2,475.13 crore in June 2024 quarter, driven by 5% volume growth led by 44% growth in the premium segment, further fueled by pricing.

Profit before tax (PBT) grew 29.35% to Rs 233.44 crore in first quarter of FY25 as compared with Rs 180.47 crore posted in same quarter previous year.

Volume in first quarter increased 5%, despite capacity constraints and restrictions in its operations due to elections.

The premium segment grew by 44% in the quarter. Within the segment, the company saw strong growth for Kingfisher Ultra & Kingfisher Ultra Max and it continues to drive premium volume growth.

During the quarter, gross profit margin improved by 247 bps on YoY basis. The firm continues to invest behind its brands & capabilities in combination with revenue management and cost initiatives.

Investments in capex during the quarter were Rs 47 crore, primarily in supply chain initiatives to cater for future growth.

“We remain optimistic about the industry's long-term growth potential, driven by increasing disposable income, favorable demographics & premiumization,” stated the firm in exchange filing.

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 scrip fell 2.95% to Rs 2,045.65 on the BSE.

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The domestic equity benchmarks witnessed positive momentum and traded with major gains in morning trade. The Nifty traded above the 24,600 level. Metal shares advanced after declining in the past trading session.

At 13:27 IST, the barometer index, the S&P BSE Sensex, was up 580.11 points or 0.72% to 80,615.87. The Nifty 50 index advanced 197.30 points or 0.81% to 24,606.35.

In the broader market, the S&P BSE Mid-Cap index gained 1.49% and the S&P BSE Small-Cap index added 0.94%.

The market breadth was strong. On the BSE, 2,597 shares rose and 964 shares fell. A total of 132 shares were unchanged.

New Listing:

Shares of Sanstar were currently trading at Rs 113.90 at 10:25 IST on the BSE, representing a premium of 19.89% as compared with the issue price of Rs 95.

The scrip was listed at Rs 106.40, exhibiting a premium of 12% to the issue price.

So far, the stock has hit a high of 116.40 and a low of 106.40. On the BSE, over 31.23 lakh shares of the company were traded in the counter so far.

Result today:

Cholamandalam Investment and Finance (up 2.12%), CIPLA (up 2.34%), City Union Bank (down 1.10%), Equitas Small Finance Bank (down 1.08%), GMDC (down 0.23%), Interglobe Aviation (up 1.54%), IndusInd Bank (up 0.69%), Intellect Design Arena (up 0.20%), Kaynes Technology (up 0.75%), KEC International (down 0.62%), KFin Technologies (up 1.03%), Latent View Analytics (up 1.65%), Laxmi Organics Industries (down 0.48%), Nuvama Wealth Management (up 1.66%), Power Grid Corporation of India (up 0.96%), Piramal Pharma (up 0.87%), Punjab and Sind Bank (up 4.56%), Sanofi India (up 0.96%), Shriram Finance (up 2.51%), and TTK Prestige (up 0.64%) will announced their quarterly earnings later today.

Buzzing Index:

The Nifty Metal index added 2.07% to 9,337.35. The index declined 1.09% in the past trading session.

Jindal Steel & Power (up 3.17%), Vedanta (up 2.96%), NMDC (up 2.88%), JSW Steel (up 2.4%) and Tata Steel (up 2.25%), Steel Authority of India (up 2.22%), Welspun Corp (up 2.11%), Hindalco Industries (up 2.03%), Hindustan Copper (up 1.83%) and National Aluminium Company (up 1.58%) advanced.

Stocks in Spotlight:

Mahanagar Gas added 1.90% after the company’s consolidated revenue increased 1.5% to Rs 1,590 crore in Q1 FY25 as compared with Rs 1,567 crore in Q1 FY24. Net profit jumped 7.4% to Rs 285 crore during the quarter as compared with Rs 265 crore posted in corresponding quarter last year.

United Breweries declined 2.33%. The company reported consolidated net profit of Rs 173 crore, up 27.5% as compared with Rs 136 crore in Q1 FY25. Revenue jumped 10.8% YoY to Rs 2,475 crore in Q1 FY25.

Glenmark Life Sciences shed 0.41%. The company’s consolidated net profit declined 17.7% YoY to Rs 111 crore in Q1 FY25 as compared with Rs 135 crore. Revenue fell 1.8% to Rs 589 crore in Q1 FY25 from Rs 578 crore in Q1 FY24.

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Net profit of United Breweries rose 27.41% to Rs 173.55 crore in the quarter ended June 2024 as against Rs 136.21 crore during the previous quarter ended June 2023. Sales rose 8.81% to Rs 2475.13 crore in the quarter ended June 2024 as against Rs 2274.79 crore during the previous quarter ended June 2023.

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United Breweries Ltd is down for a fifth straight session today. The stock is quoting at Rs 2052.05, down 0.63% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.52% on the day, quoting at 24629.55. The Sensex is at 80850.95, up 0.41%.United Breweries Ltd has lost around 1.95% in last one month.Meanwhile, Nifty FMCG index of which United Breweries Ltd is a constituent, has increased around 5% in last one month and is currently quoting at 59725.75, up 0.5% on the day. The volume in the stock stood at 1 lakh shares today, compared to the daily average of 2.54 lakh shares in last one month.

The benchmark July futures contract for the stock is quoting at Rs 2039.8, down 0.29% on the day. United Breweries Ltd jumped 35.39% in last one year as compared to a 24.95% rally in NIFTY and a 12.25% spurt in the Nifty FMCG index.

The PE of the stock is 133.36 based on TTM earnings ending March 24.

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