United Breweries Q2 net profit up 23.5% at ₹132.33 crore, revenue up 13% at ₹4,743.56 crore

Beer maker United Breweries Ltd on Thursday reported an increase of 23.47% in consolidated net profit at ₹132.33 crore in the second quarter ended September 30, 2024, on better volumes.

The company, controlled by Dutch multinational brewing company Heineken NV, had posted a net profit of ₹107.17 crore in the July-September quarter a year ago, United Breweries Ltd (UBL) said in a regulatory filing.

UBL's revenue from operations was up 13.13% to ₹4,743.56 crore during the quarter under review. It was at ₹4,192.86 crore in the corresponding period a year ago.

"Total volume increased 5% in Q2 despite unfavourable weather in the quarter, and predominantly driven by North and West regions," said UBL in its earnings statement.

The gross profit grew 13% "fueling a 26% increase in EBIT and funding significant investments in our brands and organisational capabilities," it added.

The premium segment volume grew 27%, led by strong growth from Kingfisher Ultra, Kingfisher Ultra Max, and Heineken Silver.

Total expenses of UBL were at ₹4,575.68 crore, up 12.67% in the September quarter of FY25. Its total income in the September quarter was up 13.05% to ₹4,753.96 crore.

During the quarter, the investments in capex were ₹51 crore, focused on commercial & supply chain initiatives, it added.

Over the outlook, UBL said, "We remain optimistic about the industry's long-term growth potential, driven by increasing disposable income, favourable demographics & premiumisation."

Shares of United Breweries Ltd on Thursday settled at ₹1,982.60 on BSE, down 0.46% from the previous close.