Even with growing competition from Carlsberg, United Breweries has managed to retain its market share at nearly 50 percent and is well prepared to deal with future competition as well, says MD Shekhar Ramamurthy.
United Breweries reported a 20.4 percent jump in profit to Rs 147.06 crore on back of higher realization and sales. Net sales rose 8.6 percent to Rs 1,485.6 crore for the company in the first quarter.
Speaking to CNBC-TV18, Shekhar Ramamurthy, MD of the company said while April was a good month, May-July have been muted on back of early arrival of monsoon.
He expects volume growth for the industry to be at 5-6 percent for FY17, which the company will surpass.
Even with growing competition from Carlsberg, the company has managed to retain its market share at near 50 percent level and is prepared to deal with competition in future as well, he says.
United Breweries is working on new brands, which will hit market in next 1-11.5 years, says Ramamurthy.