[ad_1] Over 73 years after Vijay Mallya’s father, the late Vittal Mallya took over as the chairman of United Breweries, the company has now passed on to the new owners, the Dutch-based multinational, Heineken. Heineken said on Friday that it has obtained control of United Breweries, the erstwhile flagship brand of the UB Group. This…
Amsterdam, 30 July 2021 – Heineken N.V. (HEINEKEN) announces that, following United Breweries Limited’s (UBL) annual general meeting on 29 July 2021, it has obtained control of UBL in India. This follows HEINEKEN’s recent acquisition of additional ordinary shares in UBL on 23 June 2021, taking its shareholding in UBL from 46.5% to 61.5%. Dolf…
United Breweries reported a consolidated net profit of Rs 30.89 crore in Q1 FY22 as against a net loss of Rs 114.40 crore in Q1 FY21. Net revenue from operations rose 120.6% to Rs 1,119.47 crore in the first quarter as compared with the same period las year. As compared with Q4 FY21, the company’s…
[ad_1] The sleuths have seized spurious liquor worth Rs 3 lakh (Representative Image).  |  Photo Credit: iStock Images Key Highlights The excise department officials in Madhya Pradesh have seized illicit liquor worth Rs 3 lakh The sleuths conducted multiple raids after illicit liquor proved to be fatal for some locals Indore: The Indore excise department on…
The Gautam Budh Nagar district administration on Sunday decided to increase the penalty on liquor shops selling alcohol at inflated prices from ₹25,000 to ₹75,000. According to officials, a second violation will attract a penalty of ₹1.5 lakh and a third violation will see their licence cancelled. Additional district magistrate (finance and revenue), Vandita Srivastava,…
30 Jul 2021 — Heineken has obtained control of UBL in India, following United Breweries Limited’s (UBL) annual general meeting yesterday. This comes at the heels of Heineken’s recent acquisition of additional ordinary shares in UBL on June 23, taking its shareholding in UBL from 46.5 percent to 61.5 percent. Influential shaper of the Indian…
[ad_1] New Delhi: Beer maker United Breweries Ltd on Wednesday reported a consolidated net profit of Rs 30.94 crore for the quarter ended June. The company had posted a net loss of Rs 114.50 crore during the April-June period of the previous fiscal, United Breweries Ltd (UBL) said in a regulatory filing.Revenue from operations rose…
[ad_1] Brussels: Anheuser-Busch InBev, the world’s largest brewer, underwhelmed on profit as costs increased and despite driving second-quarter revenue to above pre-pandemic levels.The brewer reported lower core profits in its two biggest markets, the United States and Brazil, as cans and distribution became more expensive. AB InBev retained its forecast that earnings before interest, tax,…
[ad_1] New Delhi, Jul 28 (PTI) The Indian beer industry has yet again been negatively impacted with the onset of the second wave of COVID-19 and the outlook is volatile, according to leading player United Breweries. After the second wave of the pandemic, several state governments and local authorities had imposed lockdowns to contain the…
[the_ad_group id=”1083″] Mr. Varun Lohchab, Institutional Research Analyst, HDFC Securities and Mr. Naveen Trivedi, Institutional Research Analyst, HDFC Securities UNSP posted net revenue growth of 57% YoY (HSIE 73%) and a decline of 27% on Q1FY20. Volume performance was healthy as it increased by 61% YoY to 15.8mn (HSIE 15.4mn). There was a miss in…