On Thursday, this mid-cap stock jumps more than 5% after the board appointed Mr. Vivek as MD & CEO. The stock has delivered a 13% return in six months. Strong and rising volume that is higher than usual when compared to the previous day and week has kept the stock price at a high level.
United Breweries Ltd
United Breweries Ltd. the company belongs to a mid-cap category, with a market capitalisation of Rs. 43,751 Cr. On Thursday at 14.00 p.m. company shares were trading 5.6% up at Rs. 1,670 on NSE.
According to the company filing, the board has appointed Mr Vivek Gupta as Managing Director (MD) & Chief Executive Officer (CEO) with effect from September 25, 2023, up to September 24, 2028.
Profile of Mr. Vivek
Vivek holds a Master’s degree in business management from IIM, Ahmedabad and is a graduate of engineering. Vivek is a unique executive with homegrown India and global commercial and leadership experience. He spent over two decades in leadership and commercial roles at P&G, working across various categories, from everyday consumption to premium categories.
As per the company filing, total revenue grew by 0.9% YoY from Rs. 5,206.51 Cr in Q1 FY23 to Rs. 5,253.43 Cr in Q1 FY24 and net profit declined by 16% YoY from Rs. 162.50 Cr in Q1 FY23 to Rs. 136.34 Cr in Q1 FY24.
As per the latest shareholding data, Promoters hold 72.71%, DIIs hold 15.81%, FIIs hold 6.31% and the Public hold a 5.17% stake in the company.
United Breweries Ltd. is a manufacturer and distributor of alcohol and non-alcohol beverages. Numerous production facilities are owned and operated by the business in India, and it also grants licenses for its brands to be produced in the UK, Australia, and New Zealand for global distribution.
Written by Sheshadri N
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