United Breweries Q1 results: Net profit rises 27.5% to Rs 173.8 cr

Beer maker United Breweries Ltd, controlled by Dutch multinational brewing company Heineken NV, on Thursday reported a 27.47 per cent rise in consolidated net profit to Rs 173.80 crore for the first quarter ended on June 30.

The company had posted a net profit of Rs 136.34 crore in the April-June quarter a year ago, according to a regulatory filing from United Breweries Ltd (UBL).

UBL's revenue from operations rose 10.83 per cent to Rs 5,811.28 crore during the quarter under review. It was Rs 5,243.01 crore in the corresponding quarter a year ago.

Gross profit improvement was driven by volume and price mix, according to an earnings statement.

UBL's gross profit margin improved by 247 bps against the previous year, it added.

The increase in net sales in Q1 is "driven by 5 per cent volume growth, led by 44 per cent growth in the premium segment, further fuelled by pricing," it said.

"Within the segment, we see strong growth for Kingfisher Ultra and Kingfisher Ultra Max and we conti