United Breweries Q2 net rises 67% to Rs 134.12 cr, revenue up 11.5%

Beer maker United Breweries Ltd has reported a 66.94 per cent growth in its consolidated net profit at Rs 134.12 crore in the second quarter ended September 30, mainly on the back of volume growth. The company, controlled by Dutch multinational brewing company Heineken NV, had posted a net profit of Rs 80.34 crore in the year-ago period, it said in a regulatory filing on Thursday. The revenue from operations of United Breweries Ltd (UBL) was up 11.49 per cent to Rs 3,673.51 crore during the quarter under review. It stood at Rs 3,294.73 crore in the corresponding period of the previous fiscal. The company's volumes in the second quarter of the current fiscal were up 23 per cent, compared to the corresponding quarter, 3 per cent higher than the pre-pandemic numbers of the July-September period of 2019, said UBL. However its "gross margin during the quarter was lower by 508 bps as compared to Q2 2021, due to continued inflationary pressures on costs, particularly on prices of barley a

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