Kingfisher, Heineken Beer To Disappear From Telangana, UBL
22 hours ago · United Breweries, maker of India’s Kingfisher brand, is the country’s biggest beer company and the state of Telangana is India’s biggest beer consumer. 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 Ltd (TGBCL), resulting in huge losses in the ...
Heineken's United Breweries halts beer sales in Indian state over ...
1 day ago · United Breweries counts Telangana as one of its key operating states, contributing roughly 15-20% of its beer sales by volume. The state forms 10%-12% of the company's earnings, said Karan Taurani ...
United Breweries halts beer supply to Telangana over pricing …
1 day ago · United Breweries Ltd, the maker of Kingfisher beer, announced on Wednesday that it has suspended beer supply to Telangana Beverages Corporation Limited (TGBCL) with immediate effect. In a stock exchange filing, the company cited two primary reasons for this decision: Stagnant pricing: TGBCL has not ...
United Breweries slumps nearly 7% on halting beer supply in
1 day ago · Shares of United Breweries Ltd, which manufactures Kingfisher beer, fell nearly 7% in intraday trading on Wednesday after the firm decided to suspend the supply of its beer to Telangana Beverages Corporation Ltd (TGBCL) with immediate effect. Telangana Beverages Corp is a public sector company that controls the sale of alcohol in Telangana.
United Breweries Shares Plunge 7% On Suspending Beer Supply …
1 day ago · In a regulatory filing, United Breweries explained that the decision stemmed from two primary reasons: TGBCL's failure to revise the basic price of the company’s beer since the 2019-2020 fiscal year, leading to significant losses in the state, and the substantial overdue payments by TGBCL for beer supplied in the past. The company stated that these factors had rendered the continued supply ...
United Breweries stock falls over 7% amid beer supply …
1 day ago · 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 ...
United Breweries shares dip as company stops supply to …
1 day ago · Telangana Beverages looks after the sales and distribution of alcoholic beverages in the state. In July, UBL, which is majority-owned by Dutch brewing giant Heineken NV, had said that TGBCL had ...
Heineken-controlled United Breweries halts beer supply in …
1 day ago · United Breweries has suspended beer supply to a state-run corporation in Telangana, halting sales of brands like Heineken and Kingfisher. The move follows ongoing operating losses in the state, despite efforts to increase product prices over two years.
United Breweries Shares Drop After Heineken Beer Sales Stopped …
1 day ago · Heineken NV’s Indian unit suspended supply of beer to the southern Indian state of Telangana, citing unprofitable prices and missed payments.
United Breweries Limited - Official Website
United Breweries chosen as one of the top future-ready companies in this year’s ET 500 Edition.