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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. ED plans to freeze Vijay Mallya’s shares in listed companies

As per sources, Enforcement Directorate is planning ways to ensure that transactions such as the one industrialist Vijay Mallya struck with Diageo for Rs 500 crore does not take place in future. ED will shortly ask national depositories to freeze the shares owned by Mallya in listed companies.

ED has already informed market regulator Securities and Exchange Board of India about the share freeze. It will write to the National Securities Depository Limited and Central Depository Service Limited, the two national depositories.

As of now Mallya holds stakes in United Breweries Ltd, United spirit limited, and Mangalore Chemicals and Fertilizers Ltd.

ED does not want a USL-Diageo repeat

ED is looking to ensure that no big deals or transactions, such as the USL-Diageo one, takes place in near future. Earlier in February, Mallya had reached a Rs 500-crore deal with Diageo, to whom he had sold controlling stake in USL in a multi-billion dollar deal, to step down from the chairman's post of the liquor company.

Mallya's holding company UB Holdings now has a 4 per cent stake in United Spirits. He is no longer the largest shareholder in United Breweries, and has lost management control of it.

As of now Mallya still own 32.4 per cent of United Breweries (Heineken, which acquired S&N owns more, around 37.5 per cent), four per cent of United Spirits and 22 per cent of Mangalore Chemicals. More than half the shares in United Breweries and United Spirits are pledged to UB Group lenders.

Forensic investigation ordered on MCFL

As per sources the board of MCFL, which Zuari Fertilizer & Chemicals took over last year after taking control from Mallya, had appointed Ernst & Young LLP to do a forensic investigation into the Rs 200-crore investment MCFL had made in Bangalore Beverages Ltd so that any possible fraud can be ruled out.

The auditors are also asked to look into various advances made by MCFL to Mallya's flagship UBHL, of which a sum of Rs 16.68 crore was outstanding as of March 31, 2016. Bangalore Beverages is a step-down subsidiary of UBHL and is facing liquidity crunch. The audit found that these transactions may have involved irregularities and elements of mismanagement in the company.

12 мая. 2016

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