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CNBC TV18

United Breweries posts ₹3,067 crore Q1 revenue on premium demand, while Middle East conflict lifts costs

AI Market Summary
United Breweries reported mixed Q1 results: revenue grew 7.1% YoY but slightly missed expectations, while EBITDA and net profit beat estimates. Premium beer volumes remained resilient and working-capital discipline drove a sharp rise in free operating cash flow, partly offsetting margin pressure. However, Middle East-related input cost inflation reduced gross margin, underscoring ongoing cost risks for consumer staples.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT+0.66%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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United Breweries reported Q1 FY2024 revenue of ₹3,067 crore, up 7.1% year on year and slightly below market expectations. EBITDA came in at ₹283 crore, marginally ahead of estimates, while the operating margin was 9.2%, above expectations but down from 10.9% a year earlier. The brewer cut inventory by 20%, helping free operating cash flow jump 38% to ₹548 crore. Premium beer volumes (excluding two states) rose 17%, with Heineken Silver up 28% and Kingfisher Ultra up 11%.
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