Asia300

United Breweries Ltd.

India

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Apr 21, 2017
Prev close: 751.7
Apr 21, 2017
Market cap:
Market cap(USD):
198,753M
3,077.27M
Shares: 264.40M

Currency in INR

Company profile

Market(Ticker): BOM(532478)
Sector:
Industry:
Consumer Non-Durables
Beverages: Alcoholic
Full time employees: 7,660

Business summary

United Breweries Ltd. engages in the manufacture and trade of beer. It manages and operates breweries and does brand licensing. It distributes its products under the following brand names: Kingfisher, Bullet, Cannon 10000, Kalyani Black Label, UB Export, Zingaro, and London Pilsner. The company was founded on March 15, 1915 and is headquartered in Bangalore, India.

Company background

The company is the beer-industry leader in India, controlling about 50% of the market. Dutch brewer Heineken holds a roughly 40% share in the company, while UB Group Chairman Vijay Mallya holds a stake of about 36%. Heineken owns much of its stake in the company through its Indian subsidiary, Scottish & Newcastle India.

Mallya's stake was once the same as Heineken's, but the Dutch company increased its interest 2013. Mallya, who also owns the grounded Kingfisher Airlines, was elected chairman of UB Group in 1983 at age 28. Prior to joining his family business, he worked for the American Hoechst Corporation (now Sanofi-Aventis) in the U.S. and Jenson & Nicholson in the U.K.

United Breweries was set up in 1915 after Scotsman Thomas Leishman bought and merged five breweries in south India. In 1947, the company was purchased by Mallya's father, Vittal Mallya. In 2004, United Breweries entered a joint venture with Scottish & Newcastle India, which is now owned by Heineken, to produce and sell beverages. The company behind India's best-selling beer, Kingfisher Strong, started manufacturing and distributing Heineken beer in India in 2009.

In the news

Financial highlights

Mar 2016

  • Local currency
  • US Dollar
Revenue 45,638M
Gross profit 16,841.6M
Operating income -211.6M
Income before tax 4,496.8M
Net income 2,950.8M
EBITDA 2,224.7M
Diluted EPS 11.16
Dividends per share 1.15
Total assets 41,689.5M
Total liabilities 20,576M
Total equity 21,089.2M
Operating cash flow 4,187.9M

Currency in INR

Revenue 697.07M
Gross profit 257.23M
Operating income -3.23M
Income before tax 68.68M
Net income 45.07M
EBITDA 33.98M
Diluted EPS 0.17
Dividends per share 0.01
Total assets 629.53M
Total liabilities 310.71M
Total equity 318.45M
Operating cash flow 63.96M

Currency in USD

Valuation measures

Mar 2016

PER 73.83
ROA 7.29%
ROE 14.90%
Operating margin -0.46%
Profit margin 6.46%

Key executive

  • Managing Director & Executive Director: Shekhar Ramamurthy
  • Chief Financial Officer & Executive Director: Steven Bosch
  • General Manager-Technical: Shyam Lal Mittal
  • Secretary, Senior VP-Legal & Compliance Officer: Govind Iyengar
  • Executive Vice President-Manufacturing: Cedric Peter Vaz

Share holders

  • United Breweries Ltd.(34.0%)
  • United Breweries (Holdings) Ltd.(10.8%)
  • Heineken NV(8.9%)
  • MALLYA VIJAY(8.0%)
  • Mallya Pvt Ltd.(3.7%)
  • Arisaig Partners (Asia) Pte Ltd.(3.3%)
  • McDowell Holdings Ltd.(3.0%)
  • First State Investment Management (UK) Ltd.(2.7%)
  • Franklin Templeton Asset Management (India) Pvt Ltd.(2.2%)
  • Kamsco Industries Pvt Ltd.(2.0%)

Address

  • Website: http://unitedbreweries.com
  • Address: UB Towers, UB City, No. 24 Vittal Mallya Road, Bangalore, 560001, India
  • Phone: +91.80.39855000

Copyright © 2017 FactSet Research Systems Inc. All rights reserved.