• Geopolitical cost impact: The West Asia conflict is projected to impact annual profit by Rs 400 to 500 crore, including a Rs 150 crore hit in the reported quarter due to rising glass bottle prices, fuel costs, and rupee depreciation.
• Volume growth performance: Sell-out volume expanded by 13% alongside a 20% reduction in inventory, driven by a 28% surge in Heineken Silver and double-digit growth in Ultra beer.
• Premium segment strategy: The company targets 20% to 25% growth in its premium business, supported by localized production, an upcoming brewery in Uttar Pradesh, and a new canning line in Telangana.
• Pricing and margin outlook: UBL has adjusted prices across 22 states and is negotiating price revisions with governments in Telangana, Andhra Pradesh, and Tamil Nadu to mitigate persistent gross margin pressures.