Conference Call with United Breweries Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with United Breweries Ltd. Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with United Breweries Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with United Breweries Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
United Breweries announced Q3FY24 & 9MFY24 results: Standalone Q3FY24 Net Sales: Rs 1,823 crore, up 13% from Rs 1,611 crore in Q3FY23. Gross Profit: Rs 802 crore with a Gross Margin of 44.0%, a gain of 215bps from 41.8% in Q3FY23. EBIT: Rs 118 crore, a significant increase of 199% compared to Rs 39 crore in Q3FY23. Profit after Tax: Rs 85 crore compared to Rs 5 crore in Q3FY23, marking a considerable rise. Q3 observed an improved Gross Profit margin due to revenue management and cost initiatives, despite the challenge of inflated costs. Standalone 9MFY24 Net Sales: Rs 5,984 crore, a 4% increase from Rs 5,727 crore in the same period the previous year. Gross Profit: Rs 2,565 crore with a Gross Margin of 42.9%, a decline of 142bps from 44.3% in 9MFY23. EBIT: Rs 446 crore, marginally up by 2% from Rs 439 crore in the same period the previous year. Profit after Tax: Rs 329 crore, up 12% from Rs 294 crore in 9MFY23. EBIT margin stood at 7.4% 9MFY24, signifying resilience in the face of inflationary pressures. Volume and Net Sales Insights Q3FY24 volume growth of 8% was largely attributed to robust demand in various regions, with East India witnessing a remarkable 22% growth. For 9MFY24, there is a net sales increase of 4%, driven by a recovery in volume during Q2 and Q3 as well as strategic pricing decisions. Strategic Developments and Outlook Launch of Heineken® Silver Draught Beer in India, marking an addition to the premium segment. Ongoing efforts to drive the share of premium in the portfolio are integral to UBL's strategy. The company endeavors to bolster brand investments and enhance capabilities, suggesting further growth and margin accretion. Result PDF
United Breweries announced Q2FY24 results: 1. Volume Growth: United Breweries Ltd saw a strong volume recovery during Q2FY24, with volumes up 7%. Excluding changes in route to market, the volume growth was even higher at 9%. 2. Premium Segment: The premium segment showed robust growth, with a 10% increase in sales during the quarter. This growth was driven by the Kingfisher Ultra family and Heineken Silver, which contributed more than 20% to the overall premium segment. 3. Revenue Growth: Net sales in Q2FY24 increased by 12% compared to the same period last year. This growth was driven by both higher volumes and revenue management initiatives. 4. Gross Profit Margin Improvement: The gross profit margin for the company improved by 396 basis points compared to the previous quarter. On a year-to-date basis, gross profit margin was slightly lower than the previous year, but with further improvements compared to the previous quarter. 5. Capex Investments: United Breweries invested Rs 91 crore in capital expenditures during the first half of the year, primarily in supply chain initiatives to support future growth. Result PDF