United Breweries Share Surges 10% on Strong Q1 Beer Sales

United Breweries Share Surges 10% on Strong Q1 Beer Sales
United Breweries Share Surges 10% on Strong Q1 Beer Sales Image: United Breweries website
United Breweries Share Surges 10% on Strong Q1 Beer Sales
United Breweries Share Surges 10% on Strong Q1 Beer Sales Image: United Breweries website

United Breweries Share Surges 10% on Strong Q1 Beer Sales

United Breweries Share Surges 10% on Strong Q1 Beer Sales

United Breweries Share Surges 10% on Strong Q1 Beer Sales

United Breweries share price soared nearly 10% on Wednesday after its promoter, Heineken N.V, reported robust beer sales in the January-March 2024 quarter.

The release by United Breweries highlighted Heineken N.V.’s statement, which revealed a 20% organic growth in net revenue in India, driven by volume and positive price mix. Beer volume expanded in the low-teens, outpacing the market, especially with innovations like the Queenfisher initiative introduced for International Women’s Day.

Key Takeaways:

  1. United Breweries share price surged nearly 10%.
  2. Heineken N.V. reported a 20% organic growth in net revenue in India.
  3. Analysts anticipate strong sales growth for United Breweries.
  4. Nuvama Institutional Equities projects a 10% volume rise in Q4FY24.
  5. Kotak Institutional Equities expects an 8.1% year-on-year volume growth for the quarter ending March’2024.

Facebook
Twitter
LinkedIn
Telegram
WhatsApp
Email
Note: You have to fill-up above all respective field, then click below button for send your message