United Breweries reports accelerated volume growth in Q3 2024

United Breweries Limited (UBL) announced its unaudited standalone and consolidated financial results for the quarter and year-to-date ending December 31, 2024. The company witnessed accelerated volume growth in Q3, reaching 8%, with a notable 33% surge in premium brands, improving both overall and premium market share. Net sales increased by 10%, fueled by both volume and pricemix improvements. EBIT stood at ₹90 crore, with ongoing investments in organization and supply chain. Year-to-date, UBL reported a 10% net sales growth, accompanied by increases in gross profit and EBIT margins. UBL has implemented a productivity program expected to generate annual gross savings of approximately ₹50 crore, with one-off implementation costs this quarter of ₹26 crore. The company also announced significant investment in capex for commercial and supply chain initiatives, and a major greenfield brewery in Uttar Pradesh.