India. United Breweries: the beer drought ends
UB’s Ebitda rose by 50.8%, even after accounting for increases in expenses on salaries, promotions and other expenses.
Beer guzzlers went on a binge in the December quarter. What prompted this is not really known, but the industry is not complaining. Sure, there was a low base effect, but not enough to explain the 13% increase from a year ago in the beer industry’s growth. (more…)