United Breweries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 14, 2024
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United Breweries Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 18,244.6 million compared to INR 16,130.2 million a year ago. Revenue was INR 41,797.5 million compared to INR 37,135.4 million a year ago. Net income was INR 853.4 million compared to net loss of INR 19.7 million a year ago. Basic earnings per share from continuing operations was INR 3.23 compared to basic loss per share from continuing operations of INR 0.07 a year ago. Diluted earnings per share from continuing operations was INR 3.23 compared to diluted loss per share from continuing operations of INR 0.07 a year ago.
For the nine months, sales was INR 59,893 million compared to INR 57,340.4 million a year ago. Revenue was INR 136,381.3 million compared to INR 126,077.2 million a year ago. Net income was INR 3,288.3 million compared to INR 2,941.7 million a year ago. Basic earnings per share from continuing operations was INR 12.44 compared to INR 11.13 a year ago. Diluted earnings per share from continuing operations was INR 12.44 compared to INR 11.13 a year ago.
United Breweries Limited is an India-based beer company, which is engaged in the manufacturing, purchasing and selling of beer and non-alcoholic beverages. It has manufacturing facilities in India. The Company has two segments. Beer segment includes the manufacture, purchase and sale of beer, including licensing of brands. Non-alcoholic beverages segment includes the manufacture, purchase and sale of non-alcoholic beverages. It offers a range of beer brands, such as Heineken, Heineken Silver, Kingfisher Premium, Kingfisher Strong, Kingfisher Ultra, Kingfisher Ultra Max, Kingfisher Ultra Witbier, Amstel Bier, Bullet, Bullet Super Strong, Cannon 10000, Zingaro, Kingfisher Storm, Kingfisher Blue, Kalyani Black Label, UB Export, UB Export Strong, London Pilsner and London Pilsner Strong. It offers a range of non-alcoholic brands, such as Kingfisher Premium Packaged Drinking Water, Kingfisher Strong Power Soda, Kingfisher Storm Strong Soda, Kingfisher Ultra Non-Alcoholic and Heineken 0.0.
UNITED BREWERIES LIMITED 
