Reviews
UNITED BREWERIES
Ticker : 532478
FV: Rs1
52-Week H/L: Rs1493.75/1060
We had previously recommended United Breweries in volume 35, issue no. 10 (dated December 31, 2018), when the scrip was trading at Rs. 1364.60. United Breweries Holdings Limited (UBHL) or UB Group is a company which conducts business operations in diverse areas such as beverages, aviation and investments. The company markets its products under the brand name ‘Kingfisher’. Considering the audited standalone, the company posted a growth in revenue by 5.67 per cent from Rs. 3,273.10 crore in Q4FY18 to Rs. 3,458.68 crore in Q4FY19. For the same quarter of FY19, the PBT decreased by 22.40 per cent YoY to Rs. 106.17 crore from Rs. 136.82 crore. The net profit fell by around 25.26 per cent to Rs. 67.92 crore in Q4FY19 from Rs. 90.88 crore in Q4FY18. The company has a positive outlook for the future with growth in the beer segment, thereby expanding its markets share. Hence, we recommend a HOLD.