United Breweries Ltd (UBL) continues to see positive demand momentum in the first two months of the ongoing second quarter, driven by growth in premium brands, according to its Managing Director and CEO, Vivek Gupta.
UBL has maintained its FY27 outlook of double-digit revenue growth, with the premium brands portfolio expected to grow over 20 per cent, despite an estimated Rs 300-350 crore cost impact from the ongoing war-related disruptions this fiscal, he said on Tuesday.
When asked about the demand in the first two months of the September quarter, he said, “We just closed the second month. I can say we continue to see positive momentum.”
On the premiumisation front, the company has announced the expansion of Heineken Silver into three new states Madhya Pradesh, Odisha and Kerala.
The brand is growing at over 40 per cent nationally, Gupta said, adding that the company continues to see strong momentum behind it.
The owner of Heineken and Kingfisher beer brands, which reported a 1
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.