United Breweries' Q2 net up 76% on better volumes

Moneycontrol Bureau

United Breweries has posted a 76%, YoY jump in its September quarter profit to Rs 34.2 crore on improved volumes in its key markets across India.  While its strong beer segment witnessed 10% growth, the firm's wild mild beer segement saw 4% volume rise.

Revenues also grew 18%, YoY to Rs 873.7 crore.

The company added that the September quarter results include operations of MBIL,UMBL,UB Nizam, UB Ajanta and UBPL consequent to the merger of these entitutes into the company and hence numbers cannot be compared with the corresponding quarter of FY12.

Meanwhile, the company in a statement said, it managed to offset rise in input cost in an inflationary economy by reducing bottle cost through its patented bottle system.

Post the earnings announcement, shares of the company rose 2.29% to Rs 807.15.