Asia300

United Breweries Ltd.

India

  • 1m
  • 3m
  • 6m
  • 1y
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  • 5y
Nov 16, 2017
Prev close: 1,123.15
Nov 16, 2017
Market cap:
Market cap(USD):
296,966.65M
4,549.90M
Shares: 264.40M

Currency in INR

Company profile

Market(Ticker): BOM(532478)
Sector:
Industry:
Consumer Non-Durables
Beverages: Alcoholic
Full time employees: 8,336

Business summary

United Breweries Ltd. is a holding company, which engages in the manufacture and trade of beer. It also manages and operates breweries and does brand licensing. The firm operates through the India and Outside India geographical segments. It distributes its products under the following brands: 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 2017

  • Local currency
  • US Dollar
Revenue 47,291.9M
Gross profit 16,351.3M
Operating income 3,742M
Income before tax 3,481.3M
Net income 2,295.7M
EBITDA 6,612.5M
Diluted EPS 8.68
Dividends per share 1.15
Total assets 45,125.2M
Total liabilities 21,755.3M
Total equity 23,342.1M
Operating cash flow 4,882.8M

Currency in INR

Revenue 705.24M
Gross profit 243.84M
Operating income 55.80M
Income before tax 51.91M
Net income 34.23M
EBITDA 98.61M
Diluted EPS 0.12
Dividends per share 0.01
Total assets 694.92M
Total liabilities 335.03M
Total equity 359.46M
Operating cash flow 72.81M

Currency in USD

Valuation measures

Mar 2017

PER 88.77
ROA 5.15%
ROE 10.24%
Operating margin 7.91%
Profit margin 4.85%

Key executive

  • Managing Director & Executive Director: Shekhar Ramamurthy
  • Senior Vice President-Operations & Malting: Rohtash Kumar Jindal
  • Senior Vice President-Operations: C. Gouri Shankar
  • Chief Financial Officer & Executive Director: Steven Bosch
  • General Manager-Technical: Shyam Lal Mittal

Share holders

  • United Breweries Ltd.(34.0%)
  • United Breweries (Holdings) Ltd.(10.8%)
  • Heineken NV(9.6%)
  • MALLYA VIJAY(8.0%)
  • Mallya Pvt Ltd.(3.7%)
  • First State Investment Management (UK) Ltd.(3.3%)
  • McDowell Holdings Ltd.(2.3%)
  • Arisaig Partners (Asia) Pte Ltd.(2.2%)
  • Franklin Templeton Asset Management (India) Pvt Ltd.(2.2%)
  • Kamsco Industries Pvt Ltd.(2.0%)

Address

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

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