United Breweries Ltd (UBL)

United Breweries Reports Strong Financial Results for March 2024 - 17 May, 2024

United Breweries reports a YoY increase of 20.8% in net sales, with quarterly net profit up by 730.83%. The company's EPS has also increased significantly. United Breweries shares have given returns of 22.10% over the last 6 months and 33.54% over the last 12 months.

United Breweries Q4 Net Profit Jumps Over Five-Fold to Rs 80.15 Crore - 14 May, 2024

United Breweries reported a net profit of Rs 80.15 crore for the January-March period of 2023-24, compared to Rs 13.05 crore in the year-ago quarter.

United Breweries Downgraded by Bank of America - 10 May, 2024

Bank of America has downgraded United Breweries' rating to underperform and reduced its target price to Rs 1,850 apiece from Rs 2,000 earlier. The brokerage believes the expected margin recovery is not seen in the foreseeable future due to a volatile business environment. It expects UBL to maintain a low double-digit to teens EBITDA margin or operating profit margin from FY 25–27.

Mixed Results for United Breweries Ltd. - 09 May, 2024

United Breweries Ltd.'s Q4 results showed significant YoY growth in revenue and profit, while its FY2024 earnings missed analyst estimates. The company is expected to see declining revenues over the next three years. Motilal Oswal has issued a sell call on the stock with a target price of Rs 1650.

United Breweries Reports Strong Q4 Results - 08 May, 2024

United Breweries reported strong Q4FY24 results with a significant increase in net profit and revenue from operations. The company witnessed a rise in the premium segment and remains optimistic about long-term growth potential. The board proposed a dividend of Rs 10 per share.

United Breweries Reports Strong Q4FY24 Results - 07 May, 2024

United Breweries reported strong Q4FY24 results with an eight-fold increase in net profit to Rs 81.6 crore and a notable uptick in revenue by 17.3 percent to Rs 4,788.68 crore. The company also announced a dividend of Rs 10 per share. Beer consumption in Karnataka boosted the company's Q4FY24 revenue.

United Breweries and United Spirits Shares Rise - 05 May, 2024

Shares of United Breweries and United Spirits have risen by over 42% and nearly 54%, respectively, in the past year. United Breweries is expanding its presence in the premium alcohol segment through new launches and efforts to enhance beer penetration in urban markets.

United Breweries Ltd's High P/S Ratio Raises Concerns - 29 Apr, 2024

United Breweries Ltd's high P/S ratio of 7x is concerning given its slower revenue growth compared to the industry. The company's revenue grew by 4.2% in the last year and is estimated to grow by 11% each year for the next three years, weaker than the industry's predicted growth of 14%. This suggests that investors may be overly bullish on the stock.

United Breweries Reports Strong Q4 Results - 24 Apr, 2024

Shares of United Breweries surged 10% after reporting a 20% increase in revenue for Q4FY24. The company launched a new beer brand called Queenfisher, celebrating female friendship and inclusivity. Elara Securities projects UBL's volume to reach 191 million with growth of 2.4% YoY and sees revenue and earnings increasing 3-6% in FY26.

United Breweries CFO Resigns - 22 Apr, 2024

Radovan Sikorsky, the Chief Financial Officer of United Breweries Ltd, has resigned from his position due to a change in role as Regional CFO for Asia. He will continue to discharge his duties until June 30, 2024.

United Breweries to Benefit from Upcoming Cricketing Events and Heatwave - 18 Apr, 2024

United Breweries, India's largest beer maker, is expected to benefit from the upcoming T20 Cricket World Cup in June and ongoing IPL, which will have a positive impact on volumes. The peak season for the company runs from April to July, contributing 40-45% of its annual beer volumes.