Press Release24 Apr 2024, 07:09 pm
United Breweries Reports 20% Organic Growth in Net Revenue for Q1 2024, Beverage Volume in Low-Teens
AI Summary
As per the disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, Heineken N.V. announced a growth of 20% in net revenue for United Breweries Limited in India during the first quarter of 2024. The growth was driven by both volume and positive price mix. The beer volume grew in the low-teens, exceeding the market growth. Heineken introduced Queenfisher, an all-women initiative for International Women's Day. The premium portfolio of United Breweries witnessed a low-twenties volume growth, majorly attributed to Kingfisher Ultra and Heineken® Silver.
Key Highlights
- Net revenue for United Breweries Limited in India grew by 20% organically
- Beer volume grew in the low-teens in Q1 2024
- The premium portfolio experienced low-twenties volume growth
- Introduced Queenfisher, an all-women initiative on International Women's Day
- Growth was driven by both volume and positive price mix