United Breweries saw a stable set of earnings in Q1. In an interview to CNBC-TV18, Shekhar Ramamurthy, MD of United Breweries spoke about the results and his outlook for the company.
Q4 was impacted by demonetisation and anticipation of the highway ban on liquor. Highway ban has had a severe impact in a few states, he said.
Our shares are very strong, our premium brands are doing well that initiated very measures to control our cost so all that is coming together, that is why you are seeing growth in both revenues and margins, he added.
25 percent of outlets across the country are still closed. It will become clearer in the next three-six months, which way the margins will go, said Ramamurthy.
Talking about the impact of highway ban on volumes, he said he needs to assess the impact going ahead.
According to him, industry will start seeing mid-single digit growth. 5-6 percent of industry growth is expected going forward. “We hope to grow a little bit ahead of that,” he added.
[Source”cnbc”]
