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United Breweries shares hit 52-week low amid recent weakness

United Breweries shares hit 52-week low amid recent weakness
United Breweries shares hit 52-week low, down in six of nine sessions · thehansindia.com

United Breweries makes and sells beer.

Its shares fell 3.1% on Tuesday.

The price reached its lowest level in the past year at Rs 1,251.6.

The shares have fallen on six of the last nine trading days.

The company is trying to grow by selling more premium beer.

Its chief executive expects premium beer to make up 18%-20% of sales by FY30.

United Breweries is also expanding its Heineken Silver brand and building more production capacity.

A new canning line in Maharashtra is planned to help make more canned beer.

Key facts

Share price fall
3.1% on Tuesday
52-week low
Rs 1,251.6 per share
Recent performance
Down in six of the last nine trading sessions
Premium beer target
18%-20% of sales by FY30, compared with around 11% currently
Premium beer growth
Growing at an annual rate of 20%-25%, according to Vivek Gupta
Capacity investment
Rs 110 crore for a new canning line at the Ellora brewery
Planned capacity
40,000 cans per hour
Expected operations
September 2026, subject to statutory approvals

Sources

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