United Breweries gains on plans to introduce new wine brands in 3-4 months

31 Oct 2011 Evaluate

United Breweries is currently trading at Rs. 421.55, up by 2.35 points or 0.56% from its previous closing of Rs. 419.20 on the BSE.

The scrip opened at Rs. 423.00 and has touched a high and low of Rs. 426.40 and Rs. 415.00 respectively. So far 3351 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 613.80 on 10-Jun-2011 and a 52 week low of Rs. 346.00 on 10-Feb-2011.

Last one week high and low of the scrip stood at Rs. 432.00 and Rs. 412.00 respectively. The current market cap of the company is Rs. 10670.52 crore.

The promoters holding in the company stood at 74.05% while Institutions and Non-Institutions held 18.38% and 7.58% respectively.

United Breweries (UBL) is planning to introduce new wine brands in the coming three-four months and it will mainly concentrate on four season’s brand. Currently, the company is also marketing imported French wine brand 'Bouvet Ladubay'.

The company has reported 78-80% growth in its wine sales in the last six months. It also aims to take the second position by the end of the current fiscal as it has entry level wines to premium wines. The company further plans to enter about 20 new domestic markets in the next two years as it is going for major expansion drive for Dutch partner Heineken's beer brand in India. 

Earlier, in 2009 the company had signed an agreement with Netherlands-based Heineken Group for manufacturing and distribution of Heineken beer in India and at present it expects the brand to secure a 5% market share in the premium mild segment in these markets.

United Breweries Share Price

2105.55 -11.40 (-0.54%)
14-Jun-2024 16:01 View Price Chart
Peers
Company Name CMP
United Spirits 1270.50
United Breweries 2105.55
Radico Khaitan 1718.75
Globus Spirits 797.00
GM Breweries 636.15
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