SABMiller sees profit decline in Indian operations

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The report said SABMiller's market share was about 35 per cent, nearly same as last year's but it invested about Rs 281 crore in upgrading existing plant and machinery and developing capacity. It has also set up new can lines in its Mysore Breweries as well as Rochees breweries.

SABMiller's operations were, however, affected at its Charminar Breweries in Hyderabad which is its largest brewery in India. The company said as it was unable to receive price increase from the Andhra Pradesh Beverages Corporation to partly offset the increase in the cost of raw materials and other inputs; it was forced suspend operations at the brewery for over a month during the peak season last year. The retail price of beer is usually fixed by the respective State governments in the country.

SABMiller India Managing Director, Mr Jean Marc Delpon de Vaux, had earlier told Business Line that the company will invest $100 million every year for the next five years and set up four greenfield breweries to consolidate its operations in the country. SABMiller plans to add about 9 million cases every year. The beer company has invested about $650 million in its Indian operations during the last five years.

Taken from Business Line

thehindubusinessline.in