Q2 2025 United Breweries Ltd Earnings Call(Q&A) Transcript
Key Points
- United Breweries Ltd (BOM:532478) reported a 5% overall volume growth despite unfavorable weather conditions impacting consumer demand.
- The company saw a significant 27% growth in premium volumes, driven by strong performance from Kingfisher Ultra and Kingfisher Ultramax.
- Net sales increased by 12% in the quarter, supported by both volume growth and a positive price mix impact.
- The company launched a new premium product, 'a grande', designed specifically for the Indian market, which is expected to enhance their premium segment offerings.
- United Breweries Ltd (BOM:532478) maintained strong operational discipline, contributing to bottom-line improvements and achieving double-digit revenue growth for the fifth consecutive quarter.
- The gross margin for Q2 was 44%, slightly declining compared to the previous year, indicating some pressure on profitability.
- The company faced challenges in West Bengal due to recent tax increases, impacting beer prices and potentially affecting growth in the region.
- Weather-related disruptions, such as heavy rains and floods, significantly impacted transportation and availability in key markets like Andhra Pradesh and Kerala.
- Operational issues in certain states, such as regulatory delays and portal malfunctions, affected the company's ability to supply products efficiently.
- The company acknowledged that the premium growth might put pressure on margins in the short term as they invest in expanding their premium offerings and local production capabilities.
Ladies and gentlemen, good day and welcome to United Limited Q2 fy '25 earnings conference call.
As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.
Should you need assistance during the conference call? Please signal an operator by pressing star then zero on a touchtone phone.
Please note that this conference is being recorded.
I now hand the conference over to Mr Vivek Gupta, Managing director and Chief Executive Officer. Thank you and over to you, sir.
Yeah. Thank you very much. And good afternoon everyone for joining Jorn and I are actually we are overseas, so we'll be taking the call on the phone. So if there's any interruption, we apologize, we'll dial back. If something like that happens, we have already the results and I hand over to take you through the summary of the results.
But needless to say, I think we continue to stay on course on the momentum what we
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