Q1 2025 United Breweries Ltd Earnings Call Transcript
Key Points
- United Breweries Ltd (BOM:532478) reported a 9% increase in net sales for Q1 FY2025.
- Premium volume grew by an impressive 44%, indicating strong demand for higher-end products.
- Overall volume growth was 5%, showing steady market performance.
- The company achieved a significant gross margin improvement of 247 basis points.
- EBIT grew by 29%, reflecting strong operational efficiency and profitability.
- The company faced challenges due to elections, which impacted their ability to move stock between states.
- There were significant market share losses in states like Telangana, Rajasthan, and Orissa due to supply constraints and election restrictions.
- The company is still dealing with collection issues in Telangana, impacting cash flow and working capital.
- There is ongoing volatility in state taxation policies, which could affect future profitability.
- The company is operating at full capacity in several states, necessitating urgent capacity expansion plans.
Ladies and gentlemen, good day and welcome to the United Breweries Q1 full year 2025 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Vivek Gupta and Robin Achten from United Breweries. Thank you and over to you, Vivek, and Robin.
Yeah, thank you and good afternoon everyone. This is Vivek here. Thanks for joining the earnings call. Just to start with, we are going through the CFO transition in UB. Jorn, who is a new CFO, will join us from August 1, and the other one has left there, so Robin will help me in this call. Just to start with the opening, I will go straight to the highlights of Q1. I think most of you would have seen the results.
I would say that as a company and I personally feel very strong that we are making very good progress and our plan to build long-term value in this category is completely on track. We had a very good quarter in the
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