United Breweries Ltd’s fiscal third-quarter profit beat analysts’ estimates by a wide margin on a 13% surge in beer sales in terms of volume. (more…)
Strong beer is helping Carlsberg ride out of sluggish beer sales in India. At a time when the overall Indian beer market is growing at about 5% a year, robust sales of brands like Tuborg and Elephant have helped the Danish brewer double its local business every two years. (more…)
Tipplers in India love their spirits and are yet to warm up to beer, the chilled beverage that the rest of the world prefers. (more…)
The Telangana State Beverages Corporation Limited (TSBCL) has geared up to meet a record demand for beer in anticipation of unprecedented hot days of summer ahead. (more…)
In a tug of over renewal of bar licence, the arm twisting resorted to by Coimbatore District Bar Owners Association with the Tamil Nadu State Marketing Corporation (Tasmac) officials resulted in the authorities closing and sealing all the 196 bars in Coimbatore district since February 4. (more…)
Publicis has won the Heineken India business after a three-way agency pitch. The account was earlier with Wieden + Kennedy.
Publicis will handle the account of their Bangalore office. The brand will retain its ‘One World. One Heineken’ ideology. (more…)
Heineken International BV is likely to buy out Vijay Mallya and PAC stake in United Breweries at Rs 920/share, sources say. (more…)
Increasing sale of liquor through State-run retail shops is one issue that has affected every family in Tamil Nadu, Pattali Makkal Katchi’s Chief Ministerial candidate Anbumani Ramadoss said on Wednesday. (more…)
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…)
Breweries major AB InBev has received fair trade regulator CCI’s approval to acquire its close rival SABMiller for about 71 billion pounds. (more…)