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3-2019

Russia: Positions of Brewing Companies

The review contains an analysis of interim performance of brewers in the first half of 2019. There are rather dynamic changes behind a modest industry growth. Baltika is again experiencing a stage of volumes and market share slid due to competition with AB InBev Efes. Because of the price competition and presence expansion in the modern trade company #2. has come close to the leading position. At the same time sales of Heineken Russia have continued growing which makes the premium part of the portfolio heavier. The market premiumization trend had been also confirmed by import brands. MBC and Zavod Trekhsosenskiy have been the most successful among federal market players. The market share of independent regional brewers and Ochakovo have continued falling as they are being squeezed out by the market leaders at their competitive fields.

Ukrainian beer market 2019: companies and brands

In 2019 beer production and market have been still fluctuating about zero point. However, the past season was successful for brewers judging by the sales profitability. The price mix has improved due to rapid general market premiumization, as well as its particular aspect, the growth of import beer sales. By the season end AB InBev Efes improved its positions considerably. It turned out that consumers had not forgot Efes brands that had to leave the market, but started to recover rapidly. Against the stagnating market that meant sales decline of other companies, in the first place Carlsberg Group that most of all beneficiated from Efes exiting the market. PPB turned out to be stable to branding activity of its competitor and Obolon kept the same volumes and at the moment it is the absolute leader of the economy segment. The share growth of independent producers took place thanks to leading craft breweries, that so far do not have a big market weight, but they are rapidly gaining it.

Brewing industry in Kazakhstan 2019

During the first half of 2019, the majority of Kazakh brewers made their contribution into positive dynamics. Yet it was companies of the lower division, not the two transnational leaders that raised their production and sales. The shares of draft beer and aluminum can which is rapidly squeezing glass bottle out of the market, have been growing. The price segmentation has remained stable despite the substantial rise of retail prices and fluctuations of brand market shares, while the borders between segments have become blurred. The main events in the industry have been: the announced revision of the beer excise policy, launch of BeerKhan brand in the strong beer segment, and most important – purchasing assets of Shymkentbeer by Arasan.

India. Ministry of Corporate Affairs wants to take action against Mallya, other directors for USL fund diversion

The Ministry of Corporate Affairs has sent a notice to United Spirits Ltd, now majority owned by British liquor firm Diageo, asking why action should not be taken against the company, its former directors and officers, which include its chairman Vijay Mallya.

The Ministry's notice to USL came on January 11 after it investigated the books of USL, which was under cloud for diversion of funds to group firms including the defunct Kingfisher Airlines, USL informed the Bombay Stock Exchange on Wednesday.

USL has reported that financial irregularities and fund diversion when Mallya ran the company has cost USL over Rs 7,200 crore. The USL board has recommended to Diageo to evict Mallya from the company, after it lost confidence in him due to the fraud.

USL also said the promoter director of USL, without naming Mallya, has assured the spirits company board that he would ensure the operations of the company would not be impacted due to the wilful defaulter notice by banks on him. Mallya is also the chairman of United Breweries, United Breweries Holdings Ltd and the defunct Kingfisher Airlines.

"The Reserve Bank of India's Master Circular on wilful defaulters along with certain covenants in the loan agreements sanctioned by the company's bankers raise an uncertainty on the impact of this development on the availability of credit facilities of the company," said USL.

Mallya has been declared wilful defaulter by State Bank of India and Union Bank of India for not repaying the loans, but got a stay from the Calcutta High Court on the status on technical grounds.

USL got shareholder approvals on January 22 to inform the board of industrial and financial restructuring (BIFR) that accumulated losses as on March 31, 2015 was Rs 5,045.45 crore, nearly 86% of its net worth of the previous financial years. Besides, the firm had made provision of Rs 2,082 crore due to losses and doubtful debts during last fiscal. USL also said that the firm is on path to recovery with its net worth improving to Rs 1,667 crore as on September and would not declare itself sick.

Mallya, who has said that his priority is to settle Kingfisher dues has 3.76% shares in United Spirits, of which almost 2.21% is pledged with banks.

USL Q3 net drops 45%

United Spirits, the Diageo controlled liquor firm reported 45% drop in third quarter profits to Rs 40.95 crore, while it showed 22% growth in revenue to Rs 2650.58 crore on higher sales of premium products from the British liquor firm stable in the Indian market

USL had reported profits of Rs 74.93 crore on revenues of Rs 2177.22 crore in the October to December period last year.

28 Янв. 2016

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