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United Breweries, Telangana
United Breweries May See Profitability Pressure After Telangana Supply Halt: Kotak
The suspension of supply to Telangana could meaningfully impact near-term earning, given operational deleverage. But United Breweries’ ask is reasonable, Kotak said.
United Breweries Suspends Beer Supply Over Pricing Conflict
United Breweries Ltd has halted beer supply to Telangana Beverages Corporation Ltd due to a longstanding issue over unrevised pricing since 2019-20, leading to substantial losses. Additionally, unpaid dues from the corporation have contributed to making the supply financially unfeasible.
United Breweries stock falls over 7% amid beer supply suspension in Telangana
United Breweries Ltd’s shares fell over 7% after suspending beer supplies to TGBCL due to financial concerns and unpaid dues. The stock is currently trading 13% below its 52-week high, despite a 23% increase in net profit for Q2 FY25.
United Breweries Shares Plunge 7% On Suspending Beer Supply To Telangana Beverages Corp
TGBCL's failure to revise the basic price of the company’s beer since fiscal 2020 is one of the reasons behind the suspension, United Breweries said.
United Breweries 'bold' suspension of beer supply in Telangana could pay off in FY26: Kotak
Kotak Institutional Equities, in its latest note, highlighted United Breweries Ltd.'s decision to suspend beer supplies to Telangana due to pending price revisions and overdue rec
United Breweries suspends beer supply to Telangana Beverages Corporation with immediate effect
The decision has been taken due to the non-revision of the basic price of the company's beer from 2019-20 by Telangana Beverages Corporation, resulting in huge losses in the state
Crisis Brewing: Telangana’s Beer Industry Faces Price Stalemate
The beer supply crisis in Telangana escalates as United Breweries and other industry leaders face unsustainable prices set by the state. The prices, outdated since 2018-19, have led to substantial losses and unpaid dues.
United Breweries stops beer supply to Telangana; stock slumps nearly 7%
United Breweries Ltd (UBL), the maker of Kingfisher beer, announced on Wednesday that it has suspended the supply of its beer to Telangana Beverages Corporation Limited (TGBCL), the state's sole distributor of alcohol.
United Breweries Halts Kingfisher Beer Supply to Telangana
United Breweries, the manufacturer of Kingfisher beer, has announced a decision to halt the supply of its products to Telangana
Kingfisher beer off shelves in Telangana as beer maker United Breweries halts supply
Kingfisher beer will not be avaialble in Telangana now, as the beer maker United Breweries has suspended supply to the Telangana Beverages Corporation Ltd
Heineken's United Breweries halts beer sales in Indian state over pricing
By Rishika Sadam, Nandan Mandayam and Indranil Sarkar HYDERABAD/BENGALURU (Reuters) -Heineken-owned United Breweries on Wednesday stopped supplying beer to Telangana in southern India, following the state's refusal to allow price rises,
11h
Global alcohol firms demand $466 mln from Indian state in payments row, sources say
Global alcohol companies such as Diageo, Pernod Ricard and Carlsberg are demanding unpaid dues of about $466 million from ...
ET Now on MSN
5h
Rs 400 cr demand by Diageo, Pernod Ricard and Carlsberg - Will THIS state pay? What’s the matter
United Breweries, India's biggest beer maker, had earlier said it has suspended supplies to Telangana Beverages Corporation ...
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