Market News
2 min read | Updated on February 14, 2025, 09:57 IST
SUMMARY
For the quarter ended December 31, 2024 (Q3 FY25), the company reported a 10% year-on-year (YoY) rise in its standalone sales to ₹1,998 crore. In the year-ago period, UBL posted a profit of ₹1,823 crore.
Stock list
EBIT, or earnings before interest and taxes, fell 24% YoY to ₹90 crore. Image: Shutterstock
However, the stock pared gains later. Last seen, the share price was trading at ₹2,047.50, up 0.85%.
UBL's portfolio includes beer, non-alcoholic beverages, packaged drinking water, and soda. Its well-known brands include Kingfisher, Heineken, Amstel, and Radler.
For the quarter ended December 31, 2024 (Q3 FY25), the company reported a 10% year-on-year (YoY) rise in its standalone sales at ₹1,998 crore.
UBL had posted a profit of ₹1,823 crore in the year-ago period.
EBIT, or earnings before interest and taxes, fell 24% YoY to ₹90 crore.
EBITDA, or earnings before interest, taxes, depreciation, and amortisation, dropped 11% YoY to ₹151 crore against ₹170 crore in the year-ago period.
Profit after tax (PAT) or net profit dropped 55% YoY to ₹38 crore from ₹85 crore registered in the corresponding quarter of the previous fiscal.
Further, the company said that during the quarter, UBL saw a volume growth of 8% while premium volume soared by 33%.
The company added that volume growth was mainly driven by Telangana, Andhra Pradesh, Uttar Pradesh, and Rajasthan, partially offset by Tamil Nadu and West Bengal.
UBL added that the positive price mix was driven by price increases in multiple states and a mix from premiumisation partially offset by growth of the economy segment and negative state mix.
UBL shared the following three plans.
Building further category growth while driving the share of premium in our portfolio remains a key focus;
"We continue to focus on revenue management and cost initiatives, to drive margin accretion with continued investments behind our brands and capabilities," it said; and
UBL remains optimistic about the long-term growth potential of the beer category, driven by increasing disposable income, favorable demographics & premiumisation.
About The Author
Next Story