Alcohol Stock with business engaged in the manufacture and sale of beer and non-alcoholic beverages reported its Q3FY24 results with a 4,400% increase in net profits.
With a market capitalization of Rs. 46,399 Crores, the shares of United Breweries Limited was trading at Rs. 1,777.30, up 1.20 percent from its previous day’s close price of Rs. 1,756.15.
Its revenue from operations increased by 13.08 percent year on year from Rs. 1,613 crores in Q3FY23 to Rs. 1,824 crores in Q3FY24, but decreased by 3.49 percent QoQ from Rs. 1,890 crores in Q2FY24 to Rs. 1,824 crores in Q3FY24.
Its Net Profit increased by 4,400 percent YoY from a loss of Rs. 2 Crores in Q3FY23 to a profit of Rs. 86 Crores in Q3FY24, while it decreased 19.62 percent QoQ from Rs. 107 Crores in Q2FY24 to Rs. 86 Crores in Q3FY24.
In Q3FY24, it generated 99.98 percent of its revenue from beer sales, up 12.26 percent YoY, with the remaining 0.02 percent coming from non-alcoholic beverage sales, up 242.85 percent YoY.
United Breweries Limited manufactures and sells beer and nonalcoholic beverages. It has manufacturing facilities in India. It sells a variety of beer brands, including Heineken, Heineken Silver, Kingfisher Premium, Kingfisher Strong, Kingfisher Ultra, Kingfisher Ultra Max, Bullet, Bullet Super Strong, Zingaro, Kingfisher Storm, Kalyani Black Label, UB Export, and London Pilsner Strong. Their non-alcoholic beverage brands include Kingfisher packaged drinking water, Kingfisher strong power soda, and so on.
Written by: Santhosh S
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