United Breweries Q4 Results: Net Profit Soars 8x, Revenue Hits ₹4,789 Crore!

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Synopsis:

Q4FY24 has proven to be an immensely profitable quarter for United Breweries. With 8x growth in net profit from ₹9.87 Crore to ₹81.55 Crore, and revenue of ₹4,788.68 Crore, up by 17.3% from Q4FY23, the company has come a long way this FY24. The company’s Board of Directors also proposed a dividend of ₹10 per share.

5 Key Financial Highlights

Quarter four of FY24 has contributed amazingly to United Breweries’ growth trajectory. Here are some of the main highlights from United Breweries Q4 Results:

  • Revenue from operations at ₹4,788.68 Crore, up from ₹4081.01 Crore in Q4FY23 
  • Revenue for FY24 at ₹18,379.53 Crore up from ₹16,651.09 Crore YoY<
  • PBT for Q4FY24 at ₹109.76 Crore up ₹13.48 Crore in Q4FY23<
  • Net Profit for Q4FY24 at ₹81.55 Crore up from ₹9.87 Crore in Q4FY23<
  • Net Profit for FY24 at ₹410.86 Crore from ₹304.68 Crore in YoY<

Additional ReadUnited Breweries Share Price

Key Business Updates:

  • Q4 volumes up by 11% driven by strong underlying demand  <
  • Price increases in multiple markets including Rajasthan, Karnataka & Andhra Pradesh<
  • New standard for Pilsner beer launch in Karnataka. 

  • EBIT for Q4FY24 is at ₹111 Crore<
  • The net sales in the quarter grew by 21%<

Profitability Analysis:

Q4FY24 has been one of the most profitable quarters for the company this financial year. Not only has the company’s numbers seen an immense amount of growth but so has its portfolio. With the company’s revenue at ₹4,788.68 Crore, up from ₹4081.01 Crore in Q4FY23 and its revenue for FY24 at ₹18,379.53 Crore up from ₹16,651.09 Crore YoY, one can see the kind of growth the company has achieved, to add to this, the company also saw a net profit for Q4FY24 at ₹81.55 Crore up from ₹9.87 Crore in Q4FY23 and a net profit for FY24 at ₹410.86 Crore from ₹304.68 Crore in YoY. United Breweries also saw a growth of 8% in its full-year net sales which led to a strong EBIT growth of 23%. The company’s volume also increased in Q4 by 10.9% because of demand in the South and East regions. United Breweries’ premium segment grew by 21% in the quarter also introduced London Pilsner Strong Beer in Karnataka, aimed to cater to the discerning taste of Karnataka's consumers. With all this in mind, the company’s Board of Directors also recommended a dividend of ₹10 per share.   

Additional ReadDr. Reddy’s Laboratories Q4 Results

Major Operational Metrics - Consolidated Q4 (FY2023-24) Financial Results of United Breweries (in ₹ Crore)


Metrics

For Quarter Ended

For Year Ended

Q4FY24

Q3FY24

Q4FY23

FY24

FY23

Revenue From Operations

4788.68

4154.98

4081.01

18379.53

16651.09

PBT

109.76

116.88

13.48

551.14

417.31

Profit for the period

81.55

85.80

9.87

410.86

304.68

Total Comprehensive income for the period

80.15

85.05

13.05

412.59

308.10

The Future of United Breweries

Having achieved incredible growth in Q4FY24, United Breweries is looking forward to FY25 and the new quarter. After experiencing considerable growth of 8% in its full-year net sales which led to a strong EBIT growth of 23% the company also saw its volume increase in Q4 by 10.9% because of demand in the South and East regions. Even with the slight volatility in the market, the company is making sure to have a positive outlook thanks to the increasing disposable income and the favorable demographics at play.

Additional ReadMarico Q4 Results

Conclusion

From starting out as 5 breweries in southern India in 1857 to 2024 with several supply chains established and demand that keeps growing, United Breweries has witnessed huge growth across all its verticals. With new product launches and collaborations under its wings, an increase in sales revenue and growth in its supply volume, the company’s growth trajectory seems to be headed in the right direction. United Breweries’ Board of Directors have also recommended a dividend of ₹10 per share.

Results for the Fourth Quarter Ended March 31, 2024

Sources: 

  1. United Breweries Investor Presentation<
  2. United Breweries Financial Results<

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Frequently Asked Questions

What was the revenue that United Breweries has been able to make in Q4?

Answer Field

United Breweries in Q4FY24 saw a revenue of ₹4,788.68 Crore, up from ₹4081.01 Crore in Q4FY23

What is the future outlook for United Breweries after the release of the Q4 results?

Answer Field

After experiencing considerable growth of 8% in its full-year net sales which led to a strong EBIT growth of 23% the company also saw its volume increase in Q4 by 10.9% because of demand in the South and East regions. Even with the slight volatility in the market, the company is making sure to have a positive outlook thanks to the increasing disposable income and the favorable demographics at play

What are some of the main business updates for United Breweries?

Answer Field

United Breweries has seen a tremendous and positive jump in its number both this quarter and in FY24. But other than that, it has also seen many new business updates. Here is a list of some of them:

  • Q4 volumes up by 11% driven by strong underlying demand  

  • Price increases in multiple markets incl. Rajasthan, Karnataka & Andhra Pradesh

  • New standard for Pilsner beer launch in Karnataka. 

  • The company saw continued volume momentum in Q4 with volumes up by 10.9% and premiums growing ahead of the total portfolio 

  • The premium segment grew by 21% in the quarter.

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