United Breweries Ltd (UBL) reported a 114% higher first quarter net profit on 92% rise in operating profits and robust volume growth.
During the quarter to end-June, the company said its net profit rose 114% to Rs76.1 crore. UBL said its volumes have grown 32% powered by a 36% growth in strong beer. It said benefitting from favourable weather, all regions except the North recorded growth rates of 25% and above.
On Thursday, UBL shares jumped 20% to Rs282 on the Bombay Stock Exchange, while the Sensex closed 0.8% up at 18,113 points.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
