United Breweries Q3 Results Review - Robust Sales Growth; Margins Disappoint: Nirmal Bang

Overall volume was down 1% YoY while Premium segment’s volume declined by 2% YoY

<div class="paragraphs"><p>A bottle of United Breweries' Kingfisher beer.</p><p>(Photo by <a href=";utm_medium=referral&amp;utm_content=creditCopyText">Raghavendra V. Konkathi</a> on <a href=";utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>)</p></div>
A bottle of United Breweries' Kingfisher beer.

(Photo by Raghavendra V. Konkathi on Unsplash)

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