United Breweries Ltd. News and Updates

Name: Latest research reports of United Breweries Ltd. authored by Dolat Capital and published by - Trendlyne research reports.
Item: United Breweries Ltd.
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Author: Dolat Capital

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United Breweries Ltd.

18 Aug 2020

1774.90

-1.17%

United Breweries: Re-opening of bars, cash reserves augur well for the stk

Business Standard

Analysts at ICICI Securities believe that apart from re-opening of the economy and the subsequent business revival in the medium-to-long term, the company's virtual debt-free status provides comfort

United Breweries Ltd. has an average target of 2164.67 from 3 brokers.

United Breweries Ltd.

18 Aug 2020

1774.90

-1.17%

Buy United Breweries; target of Rs 1120: ICICI Direct

Moneycontrol

ICICI Direct is bullish on United Breweries has recommended buy rating on the stock with a target price of Rs 1120 in its research report dated August 17, 2020.

United Breweries Ltd. has an average target of 2164.67 from 3 brokers.

It may be too early to talk of recovery right now: United Breweries

livemint | 18 Aug 2020 1 more

United Breweries Ltd.

17 Aug 2020

1774.90

-1.17%

Taxing liquor more has always been counterproductive: United Breweries MD

Business Standard

In a Q&A, Rishi Pardal says he is happy some states hace rolled back liquor tax, and thar hus firm is positioning beer as a home drink even as it waits for bars to reopen

United Breweries Ltd. has an average target of 2164.67 from 3 brokers.

United Breweries Ltd.

17 Aug 2020

1774.90

-1.17%

United Brewerie

Sell: United Breweries Ltd.

Recommendation Target

Dolat Capital

United Breweries (UBL's) Q1FY21 was lackluster with 77% volume decline as peak season was severely impacted by pandemic. Volume decline in Jun'20 too was 57%. Revenue/GP/EBITDA/APAT declined by 75/77/129/162% YoY. Gross margin declined by 370/424 bps YoY/QoQ. A steep 62% decline in other expenses YoY was the silver lining. After healthy operating performance over FY17-19, for second consecutive year UBLs performance is expected to be subdued due to loss of key season and steep excise increases by state government....

United Breweries Ltd. is trading below all available SMAs

United Breweries Ltd.

17 Aug 2020

1774.90

-1.17%

Outlook remains poor

Sell: United Breweries Ltd.

Target

Motilal Oswal

17 August 2020 United Breweries (UBBL)s results were worse than our expectations. Its in various urban centers thus far in 2QFY21, (c) no repeal of excise duty increase in the majority of the states (which saw a steep excise increase in May), and (d) the continued likelihood of closure of on-trade sales for a few more months. As highlighted in our Alcobev downgrade in May20, we expect FY20 FY22 to be lost years for alcobev players, which are severely affected by a weak demand environment in FY21. Moreover, recovery in FY22 is also threatening both net sales growth and profitability for the next few quarters and (b) the risk of weak state finances leading to delay in payments, thereby increasing receivables. EBITDA loss stood at INR957m (v/s est. INR750m loss and EBITDA profit of INR3.3b in 1QFY20). PBT loss stood at INR1.5b (in-line) v/s PBT profit of INR2.6b in 1QFY20.

United Breweries Ltd. is trading below all available SMAs

United Breweries Ltd.

17 Aug 2020

1774.90

-1.17%

United Breweries

Buy: United Breweries Ltd.

Target

ICICI Securities Limited

Although half of the quarter saw no supplies, the situation was further escalated by the taxation impact of various states. However, June saw 57% de-growth in volumes compared to 77% for the quarter, which also saw reduction in taxation levels by several states. West Bengal, Odisha and Andhra excise hike was more impactful than other states (90% volume decline in the east). UP saw decline of mere 46%. However, with further opening up of the economy, we expect the situation to normalise in the medium to long term. The company continues to remain virtually debt-free...

United Breweries Ltd. is trading below all available SMAs

United Breweries Ltd.

15 Aug 2020

1774.90

-1.17%

Covid-19 impact: United Breweries posts Q1 net loss of Rs 114.5 crore

Business Standard

Beer maker United Breweries Ltd on Friday reported a consolidated net loss of Rs 114.50 crore for the first quarter ended June 30, on account of decline in sales due to the pandemic. The company had posted a net profit of Rs 164.69 crore during the April-June quarter of the previous fiscal,United Breweries Ltd (UBL) said in a regulatory filing. Its revenue from operations slipped 73.17 per cent to Rs 1,262.82 crore during the quarter under review, as against Rs 4,708.42 crore in the corresponding period previous fiscal. UBL's total expenses declined 68.21 per cent to Rs 1,416.43 crore in Q1 FY21, compared to Rs 4,456.25 crore a year ago. According to the company, "its peak season was adversely affected by the pandemic" asthe COVID-19 lockdown led to complete closure of all outlets. "The primary volumes for the quarter in comparison to the corresponding quarter of the previous year were down 77 per cent," said UBL. Its revenue from beer segment fell 73.30 per cent to Rs 1,255.67 c

Number of FII/FPI investors decreased from 334 to 322 in Jun 2025 qtr

United Breweries Q1 results: Reports net loss of Rs 114 crore; net sales drop 74%

Economic Times | 14 Aug 2020

United Breweries Ltd.

11 Aug 2020

1774.90

-1.17%

Reduce United Breweries; target of Rs 1033: Dolat Capital

Moneycontrol

Dolat Capital recommended reduce rating on United Breweries with a target price of Rs 1033 in its research report dated August 09, 2020.

United Breweries Ltd. is trading below all available SMAs

United Breweries Ltd.

09 Aug 2020

1774.90

-1.17%

United Brewerie

Buy: United Breweries Ltd.

Dolat Capital

UBL's FY20 annual report highlights the long-term beer industry potential and of beer as a preferred choice of consumption among young Indians. But, regulatory uncertainties and steep increase in taxation remains a key hindrance. Beer industry declined by 11% YoY in FY20 vs. 4% for UBL in our view. UBL's market share stood at ~52%. FY21 will be another weak year on account of Covid and loss of key season. Non-alcoholic beverage remains a key focus area with company targeting to double business every year for next three years. In respect of CCI case on alleged pricefixation, UBL needs to file their reply to the DG-CCI report and after...