India. ‘Panic buying’ lifts Tasmac sales
In the days preceding the elections, outlets of Tamil Nadu State Marketing Corporation Ltd (Tasmac) witnessed ‘panic buying’ across all regions in the State on fears of imminent prohibition. (more…)
India. United Breweries looks to grow 5-6% in FY17
Though margins are under pressure, this is just an aberration for United Breweries Limited, said Shekhar Ramamurthy, MD of the company. He is of the view that pressure in barley prices may continue to exist going forward. (more…)
India. Liquor stocks slide on likely ban in Tamil Nadu
Shares of two liquor makers, United SpiritsBSE -1.56 % and United Breweries , fell on Wednesday as investors became jittery ahead of Tamil Nadu election results. The expectation that DMK will come to power in the State made investors nervous as the party has promised a complete ban on alcohol in its election manifesto. (more…)
India. Why Tamil Nadu may soon ban alcohol – BBC
Tamil Nadu may soon become the latest Indian state to impose a complete ban on the sale and consumption of alcohol, writes the BBC’s Geeta Pandey in Chennai. (more…)
India. UB board to keep faith in Vijay Mallya, for now
Says willing to come back to India if govt assured him safe passage (more…)
India. Will continue to grow ahead of the market: Shekhar Ramamurthy, MD, United Breweries
In an exclusive interview with ET Now , Shekhar Ramamurthy , MD, United Breweries , also says that alcohol prohibition in the country has never worked and ultimately states will have to revoke ban. (more…)
India. Maker of Kingfisher beer witnesses 13.5% growth in profit in FY16
United Breweries Ltd makes public the directives it has received from the Debts Recovery Tribunal, Bengaluru, and from the income tax authorities in the city relating to one of its directors (more…)
India. Prohibition in Tamil Nadu, once again?
With growing calls for a ban on liquor, political parties have pledged to follow through, but it may not be so simple (more…)
India. United Breweries: Q4 numbers to be impressive
United Breweries Ltd, one of the leading distilleries in India, will announce its financial results on May 13 for the fourth quarter ended March 31, 2016.
IIFL estimates that the company’s net profit is expected to surge to Rs. 73 crore, at a rate of 52.1% yoy and 1.4% qoq. (more…)
India. Heavy rush at Tasmac outlets
Crowds at a Tasmac outlet ahead of dry days is not something uncommon.
“This time, however, there is a lot of talk among our customers about what will happen after the elections,” said a salesperson at a Tasmac outlet in Adyar. (more…)