Archive · 14 Sep 2025
UBL Sees Growth Momentum Despite Rains, Expects GST Boost
Imagine a big beer company, UBL, is doing well!
They think they'll sell more beer this year, even though it's been raining a lot.
They're hoping new tax changes from the government will make people want to go out and enjoy themselves, which means more beer sales.
UBL is asking the government to treat beer differently than stronger drinks, as beer has less alcohol.
They want taxes on beer to be lower, which could help the industry.
They also are facing supply challenges of packaging materials, particularly cans.
Even with the rain, they're still expecting a good year and they're working on expanding in some states.
They own the popular Kingfisher beer.
UBL anticipates a 6-7% volume growth for the fiscal year despite rain's impact.
Premiumisation is expected to grow by 25% in UBL's portfolio.
Recent GST reforms are expected to increase alcoholic beverage consumption.
UBL wants reduced and rationalized taxes on beer compared to spirits.
The company is concerned about packaging material supply and global oil market volatility.
- Who
- United Breweries Ltd (UBL)
- What
- Expects volume growth despite rain impact, anticipates GST reforms to boost consumption.
- When
- Fiscal year (unspecified)
- Where
- India
- Why
- Government GST reforms and industry growth prospects.
Industry Perspective
Government Perspective
Taxation of Beer
Industry Perspective
The industry wants lower taxes on beer to reflect its lower alcohol content and to stimulate consumption.
Government Perspective
The government may see beer as a source of revenue and may raise taxes to offset other financial shortfalls.
- Company
- United Breweries Ltd (UBL)
- CEO/MD
- Vivek Gupta
- Expected Volume Growth
- 6 to 7%
- Premiumisation Growth
- 25%
- GST Reforms Effective
- September 22
- Major Brand
- Kingfisher