UB expects Q3 profit growth to moderate on rising costs
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓United Breweries expects profit growth to slow this quarter as rising raw material costs and marketing expenses pressure margins.
- ✓Regulatory delays also stopped price increases for nearly 30% of its business.
- ✓"We do expect profitability growth to moderate sequentially for this quarter," said chief financial officer Jorn Kersten on Wednesday.
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
United Breweries expects slower profit growth this quarter as raw material costs and marketing expenses increase. Regulatory delays are inhibiting price increases for nearly 30% of their operations, particularly in southern states. The company forecasts gross margins to decline slightly from the previous quarter's figures. United Breweries is prioritizing profitability over market share in specific regions amid intensified competition.
Mumbai: United Breweries (UB) expects profit growth to slow in the current quarter as rising raw material costs and higher marketing spending pressure margins, while regulatory delays have prevented price increases across nearly 30% of its business.
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