<p>Beer maker United Breweries Ltd has reported a 16.09 per cent decline in consolidated net profit at Rs 136.34 crore for the first quarter ended June 2023, as volumes were impacted by supply challenges, lower inter-state sales and persisting inflation.</p>.<p>The company, controlled by Dutch multinational brewing company Heineken NV, had posted a net profit of Rs 162.50 crore in the April-June quarter a year ago, United Breweries Ltd (UBL) said in a late-night regulatory filing on Friday.</p>.<p>UBL's revenue from operations was almost flat to Rs 5,243.01 crore during the quarter under review. It stood at Rs 5,196.08 crore in the corresponding period of FY22.</p>.<p>"Q1 volumes impacted by RTM (root to market) changes, supply challenges & lower inter-state sales," said an earning presentation from UBL.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/akasa-posted-operating-loss-of-rs-602-crore-in-fy23-1241748.html">Akasa posted operating loss of Rs 602 crore in FY23</a></strong></p>.<p>It had a volume decline of 12 per cent in the June quarter driven by Tamil Nadu, Andhra Pradesh, Delhi and Haryana. In the premium segment, the volume decline was 21 per cent.</p>.<p>"Gross Profit predominantly impacted by volume decline & COGS (Cost of Goods Sold) inflation with GP margin 369bps down," it said.</p>.<p>Besides, it has price increases in key markets including Rajasthan, Uttar Pradesh and Karnataka.</p>.<p>UBL's total expenses were at Rs 5,072.96 crore, up 1.69 per cent in the first quarter of FY 2023-24, as against Rs 4,988.37 crore a year ago.</p>.<p>Its total income in the June quarter was at Rs 5,253.43 crore.</p>.<p>"Capex during the quarter was Rs 45 crore, primarily in supply chain initiatives," said UBL's earning statement.</p>.<p>Over the outlook, UBL said inflationary pressure on the cost base is expected to soften in the near-term but volatility will remain.</p>.<p>"We continue to focus on revenue management and cost initiatives, to drive margin accretion," it said.</p>.<p>It is building further category growth while driving the share of premium in its portfolio remains a key focus</p>.<p>"We remain optimistic on the long-term growth potential of the industry, driven by increasing disposable income, favourable demographics and premiumisation," said UBL.</p>
<p>Beer maker United Breweries Ltd has reported a 16.09 per cent decline in consolidated net profit at Rs 136.34 crore for the first quarter ended June 2023, as volumes were impacted by supply challenges, lower inter-state sales and persisting inflation.</p>.<p>The company, controlled by Dutch multinational brewing company Heineken NV, had posted a net profit of Rs 162.50 crore in the April-June quarter a year ago, United Breweries Ltd (UBL) said in a late-night regulatory filing on Friday.</p>.<p>UBL's revenue from operations was almost flat to Rs 5,243.01 crore during the quarter under review. It stood at Rs 5,196.08 crore in the corresponding period of FY22.</p>.<p>"Q1 volumes impacted by RTM (root to market) changes, supply challenges & lower inter-state sales," said an earning presentation from UBL.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/akasa-posted-operating-loss-of-rs-602-crore-in-fy23-1241748.html">Akasa posted operating loss of Rs 602 crore in FY23</a></strong></p>.<p>It had a volume decline of 12 per cent in the June quarter driven by Tamil Nadu, Andhra Pradesh, Delhi and Haryana. In the premium segment, the volume decline was 21 per cent.</p>.<p>"Gross Profit predominantly impacted by volume decline & COGS (Cost of Goods Sold) inflation with GP margin 369bps down," it said.</p>.<p>Besides, it has price increases in key markets including Rajasthan, Uttar Pradesh and Karnataka.</p>.<p>UBL's total expenses were at Rs 5,072.96 crore, up 1.69 per cent in the first quarter of FY 2023-24, as against Rs 4,988.37 crore a year ago.</p>.<p>Its total income in the June quarter was at Rs 5,253.43 crore.</p>.<p>"Capex during the quarter was Rs 45 crore, primarily in supply chain initiatives," said UBL's earning statement.</p>.<p>Over the outlook, UBL said inflationary pressure on the cost base is expected to soften in the near-term but volatility will remain.</p>.<p>"We continue to focus on revenue management and cost initiatives, to drive margin accretion," it said.</p>.<p>It is building further category growth while driving the share of premium in its portfolio remains a key focus</p>.<p>"We remain optimistic on the long-term growth potential of the industry, driven by increasing disposable income, favourable demographics and premiumisation," said UBL.</p>