United Breweries Ltd. will shut its brewery unit situated in Karnataka's coastal town of Mangaluru by the end of June, the company announced on Monday.
"The closure of the Mangalore Brewery will not impact our business performance in the State," a stock exchange filing said.
The company is taking all necessary and responsible steps to support employees and workmen through this transition, the statement said.
Besides, UBL has initiated a strategic capacity consolidation and is pursuing expansion at its Nanjangud Brewery in Mysuru. It is making significant investments to scale up the supply chain efficiencies.
"This expansion will play a pivotal role in meeting the future demand efficiently and sustainably through enhanced operations within the State of Karnataka," UBL said.
During a post-earnings conference call last month, company executives noted a "rocky start to the year" in Karnataka because of the excise changes that had a big impact in sales.
UBL operates three breweries in the state, with one in Bengaluru.
United Breweries reported positive year-over-year growth in profit in the fourth quarter of the financial year 2024-25, even as it missed projections. For the whole year, the bottom bottom line rose nearly 8%.
Revenue during the quarter under review increased by 9% to Rs 2,321.3 crore, in line with estimates.
RECOMMENDED FOR YOU
PVR Inox Shares In Focus: Karnataka Government Issues Notification To Cap Cinema Hall Tickets At Rs 200
Jul 16, 2025
Karantaka Government Attracts Investments Worth Rs 6,57,660 Crore In Last Two Years
Jun 14, 2025
Karnataka Cabinet To Conduct Caste Census: CM Siddaramaiah
Jun 12, 2025
Karnataka Rains: Red Alert Issued For Coastal Areas, NDRF Teams Deployed
May 26, 2025
POPULAR