United Breweries Q2 net up 87 pc at Rs 22 cr on robust sales

The company had posted a net profit of Rs 11.71 crore in July-September quarter last fiscal, United Breweries Limited (UBL) said in a statement.

Net sales also rose to Rs 566.91 crore for the September quarter from Rs 412.25 crore in the same period previous year.

During the six months ended September 30, 2010 the company's volumes grew by 28 per cent.

The company's net profit for six months ended September 30, stood at Rs 98.06 crore, compared to Rs 47.20 crore in the same period last fiscal.

Net sales of the company for the six-month period ended September 30, rose to Rs 1342.54 crore, compared to Rs 977.48 crore in the same period last fiscal.

This strong performance is due to the growth in both market volume and our share in markets across India, most notably Maharashtra, Andhra Pradesh, Karnataka, Uttar Pradesh and Orissa, the company said.

The company has achieved sales of over 10 million cases for five consecutive months this financial year, it added.

Its mild beer segment has shown strong volume growth and Kingfisher Premium has added about 3 per cent market share, it said.

The company, which launched patented UBL bottles earlier this year, said it plans to accelerate investments in the patented bottle pool to be well positioned ahead of the peak season, it added.

Shares of UBL were trading at Rs 447 on the Bombay Stock Exchange in the afternoon trade, up 1.15 per cent from its previous close.