Share price of this large-cap alcohol stock moved up by 1.75 percent on BSE to hit an intraday high at Rs. 2,036.80 in the trading session of Wednesday, after reporting Q4 results with a rise in net profit by 723.7 percent YoY and revenue from operations by 20.8 percent YoY.
With a market capitalisation of Rs. 53,396.62 crore, at 01:33 p.m., the shares of United Breweries Limited were trading in the green at Rs. 2,019.5, up by nearly 1 percent.
The fluctuations in the share prices were observed after the company announced the financial results for Q4 FY23-24 and FY24, through the recent filings with the stock exchanges on Tuesday post-market hours.
The consolidated revenue from operations increased by 20.8 percent YoY from Rs. 1,766 crore in Q4 FY22-23 to Rs. 2,133 crore in Q4 FY23-24 and grew by 17 percent QoQ from Rs. 1,824 crore in Q3 FY23-24 to Rs. 2,133 crore in Q4 FY23-24.
The company witnessed a rise in the net profit by 723.7 percent YoY from Rs. 9.9 crore in Q4 FY22-23 to Rs. 81.55 crore in Q4 FY23-24. However, on a quarter-on-quarter basis, PAT decreased by nearly 5 percent from Rs. 85.8 crore in Q3 FY23-24 to Rs. 81.55 crore in Q4 FY23-24.
The premium segment climbed by 21 percent in the quarter, and within the segment, it witnessed strong growth for Kingfisher Ultra & Kingfisher Ultra Max. The business continues to drive premium volume growth.
To celebrate International Women’s Day, the company introduced Queenfisher, an all-women initiative.
A total of Rs. 190 crore was invested in capex during the year, mostly in supply chain initiatives to support future growth.
The company remains optimistic industry’s potential for long-term growth, which is being fueled by rising disposable income, favourable demographics and premiumization.
Further, the company’s board proposes a dividend of Rs. 10 per share (previous year – Rs 7.5 per share).
The stock has delivered positive returns of nearly 44.6 percent in the last one year, while around 26.7 percent in the last six months. So far in 2024, the company has given about 12.7 percent of positive returns.
United Breweries Limited, a part of the HEINEKEN group, is the largest beer manufacturer in India. The company is primarily engaged in the business of manufacturing, purchasing and sale of beer and non-alcoholic beverages.
Written by Shivani Singh
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