ICICI Direct has buy call on United Breweries with a target price of Rs 1800. The current market price of United Breweries is Rs 1569.95. Time period given by analyst is one year when United Breweries Ltd. price can reach defined target.
United Breweries Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 41405.85 Crore) operating in Beverages – Alcoholic sector.
United Breweries Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 41405.85 Crore) operating in Beverages – Alcoholic sector.
United Breweries Ltd. key Products/Revenue Segments include Other Operating Revenue, Scrap, Others, Non-Alcoholic Beverages and Royalty Income for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 1722.22 Crore, down -51.05 % from last quarter Total Income of Rs 3517.98 Crore and up 10.66 % from last year same quarter Total Income of Rs 1556.30 Crore. Company reported net profit after tax of Rs 163.78 Crore in latest quarter.
Investment Rationale
The company saw highest ever volume in March, 2022 and expects the momentum to continue in Q1FY23. Also, UBL is expected to see normalised peak quarter after a span of three years. Although near term challenges remain (barley prices – which make up for 15% input costs for UBL, is up 70% YoY, high single digit inflation in glass), the management expects to lower the impact by taking price hikes in key states in the near term. Due to long term growth story in the industry and a well-managed company with MNC parentage, the brokerage maintains BUY rating on the stock
Promoter/FII Holdings
Promoters held 72.71 per cent stake in the company as of 31-Mar-2022, while FIIs owned 8.7 per cent, DIIs 11.92 per cent.
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