Beer Brand United Breweries sees high-single-digit volume growth in domestic market

Bengaluru-based United Breweries Ltd (UBL) witnessed a "high-single-digit" volume growth in the domestic market during January-March 2022 quarter, according to its largest stakeholder Heineken.

Moreover, the consolidation of UBL in India has "positively impacted net revenue” by Euro 200 million, Dutch brewing major Heineken said on Wednesday in its earnings statement for the first quarter of 2022, reported PTI.

In India, beer volume grew by a high-single-digit, outperforming the market. UBL experienced progressive growth during the quarter with the declining impact of the COVID omicron variant," it said.

The Asia Pacific region, under which India falls, has returned to growth following the lockdown in the second part of last year, Heineken added.

Heineken's Asia Pacific net revenue grew 9.2 per cent organically, with total total consolidated volume rising by 2.8 per cent.

"The consolidation of UBL in India positively impacted net revenue by Euro 200 million or 4.6 per cent," it said.

Its beer volume increased organically by 2.8 per cent over the last year, led by the strong recovery of Cambodia and Malaysia.

"The premium portfolio declined by a low-single-digit, driven by Vietnam while staying ahead of 2019 by a high-single-digit," it said.