<p>New Delhi: Beer maker United Breweries Ltd on Thursday reported a 20.09 per cent decline in consolidated net profit to Rs 107.17 crore for the second quarter ended September 30.</p>.<p>The company, controlled by Dutch multinational brewing company Heineken NV, had posted a net profit of Rs 134.12 crore in the July-September quarter a year ago, United Breweries Ltd (UBL) said in a regulatory filing.</p>.<p>UBL's revenue from operations rose 14.13 per cent to Rs 4,192.86 crore during the quarter under review. It was Rs 3,673.51 crore in the corresponding period of FY23.</p>.Nokia likely to cut up to 14,000 jobs as global sales decline 20% in Sep quarter; India biz doubles.<p>"Gross profit margin on a year-to-date basis was lower as compared to the previous year (-287 bps) though with further improvements vs the previous quarter (+396 bps) driven by continued revenue management & cost initiatives," said an earning statement from UBL.</p>.<p>Its total expenses stood at Rs 4,060.92 crore, up 15.79 per cent in the second quarter of FY24.</p>.<p>In the September 2023 quarter, UBL's volume "increased 7 per cent predominantly", driven by Telangana, Orissa and Rajasthan, partially offset by a decline in Delhi, it said.</p>.<p>Sales of the premium segment grew by 10 per cent in the quarter.</p><p>"Within the segment, we see double-digit growth for the Kingfisher Ultra family and more than 20 per cent contribution for Heineken Silver to the Heineken franchise," it added.</p>.<p>UBL's total income in the September quarter increased by 14.02 per cent to Rs 4,204.95 crore.</p>.<p>Over the outlook, UBL said despite some inflationary softening seen in Q2, 'volatility' will remain.</p>.<p>"UBL continues to remain optimistic about the long-term growth potential of the industry, driven by increasing disposable income, favourable demographics and premiumisation," it said.</p>.<p>Share of United Breweries Ltd on Thursday settled at Rs 1,566.75 apiece on BSE, down 0.03 per cent from the previous close.</p>
<p>New Delhi: Beer maker United Breweries Ltd on Thursday reported a 20.09 per cent decline in consolidated net profit to Rs 107.17 crore for the second quarter ended September 30.</p>.<p>The company, controlled by Dutch multinational brewing company Heineken NV, had posted a net profit of Rs 134.12 crore in the July-September quarter a year ago, United Breweries Ltd (UBL) said in a regulatory filing.</p>.<p>UBL's revenue from operations rose 14.13 per cent to Rs 4,192.86 crore during the quarter under review. It was Rs 3,673.51 crore in the corresponding period of FY23.</p>.Nokia likely to cut up to 14,000 jobs as global sales decline 20% in Sep quarter; India biz doubles.<p>"Gross profit margin on a year-to-date basis was lower as compared to the previous year (-287 bps) though with further improvements vs the previous quarter (+396 bps) driven by continued revenue management & cost initiatives," said an earning statement from UBL.</p>.<p>Its total expenses stood at Rs 4,060.92 crore, up 15.79 per cent in the second quarter of FY24.</p>.<p>In the September 2023 quarter, UBL's volume "increased 7 per cent predominantly", driven by Telangana, Orissa and Rajasthan, partially offset by a decline in Delhi, it said.</p>.<p>Sales of the premium segment grew by 10 per cent in the quarter.</p><p>"Within the segment, we see double-digit growth for the Kingfisher Ultra family and more than 20 per cent contribution for Heineken Silver to the Heineken franchise," it added.</p>.<p>UBL's total income in the September quarter increased by 14.02 per cent to Rs 4,204.95 crore.</p>.<p>Over the outlook, UBL said despite some inflationary softening seen in Q2, 'volatility' will remain.</p>.<p>"UBL continues to remain optimistic about the long-term growth potential of the industry, driven by increasing disposable income, favourable demographics and premiumisation," it said.</p>.<p>Share of United Breweries Ltd on Thursday settled at Rs 1,566.75 apiece on BSE, down 0.03 per cent from the previous close.</p>