The shares of were trading at ₹1,829, up by ₹31.10 or 1.73 per cent on the today at 12.40 pm.
United Breweries Limited disclosed that its promoter Heineken NV reported a mid-single-digit decline in beer volumes in India for the July-September 2025 quarter, attributing the drop to an unusually strong monsoon season. Despite the volume decline, the company’s organic net revenue grew by a mid-single-digit percentage during the period.
The Dutch brewing giant stated it outperformed the market during the quarter, with price-mix expanding by a high-single-digit percentage. This growth was driven by pricing adjustments in key states and favorable portfolio mix effects.
Heineken’s premium segment showed resilience, with premium volumes growing in the low teens. The growth was led by Kingfisher Ultra Max and the launch of Amstel Grande in the Indian market.
Investec recommends ‘Hold’ with the target price of ₹2081 citing “Heineken’s India commentary on Q2 revenue to exceed estimates UBL sees price-mix led mid-single digit growth in Q2 along with volume growth in-line; price-mix aids topline growth. Price-mix surprise could serve as a tailwind to margins in our view.”
The monsoon’s impact on beer consumption reflects the seasonal nature of the beverage industry in India, where adverse weather conditions typically dampen demand. However, the company’s ability to maintain revenue growth through pricing strategies and premiumization indicates strategic positioning in the competitive Indian beer market.