|
However, net sales increased 12.3% to Rs 1,890.05 crore in the quarter of Q2 FY24 as against Rs 1,682.31 crore in Q2 FY23.
Profit before tax declined 20.2% year on year (YoY) to Rs 144.03 crore during the period under review.
Volume in second quarter increased 7% predominantly driven by Telangana, Orissa & Rajasthan, partially off-set by a decline in Delhi.
The premium segment grew by 10% in the quarter. Within the segment, there was double digit growth for the Kingfisher Ultra family & more than 20% contribution for Heineken Silver to the Heineken franchise.
Gross profit margin in the second quarter was at 44.5%, driven by continued revenue management & cost initiatives.
The liquor maker said that despite of some inflationary softening seen in Q2, volatility will remain. UBL continues to remain optimistic about the long-term growth potential of the industry, driven by increasing disposable income, favorable demographics & premiumization.
United Breweries, controlled by Dutch multinational company Heineken NV, is primarily engaged in the manufacture, purchase, and sale of beer and non-alcoholic beverages.
The scrip advanced 3.14% to currently trade at Rs 1,616 on the BSE.
|