Brief: India's Telangana State Minister Says United Breweries Asked For 33.10% Price Hike On Their Beer

United Breweries

08/01/2025 15:24

Jan 8 (Reuters) - Anheuser-Busch Inbev SA  ABI.BR :
    * INDIA'S TELANGANA STATE MINISTER: UNITED BREWERIES HAD
ASKED FOR
A 33.10% PRICE HIKE ON THEIR BEER
    * INDIA'S TELANGANA STATE MINISTER: BEER PRICE HIKE WOULD
BECOME A
BURDEN ON CONSUMERS
    * INDIA'S TELANGANA STATE MINISTER: UNITED BREWERIES HAS A
MARKET
SHARE OF 70% IN TELANGANA
    * INDIA'S TELANGANA STATE MINISTER: RETIRED HIGH COURT
JUDGE,
INDEPENDENT COMMITTEE IS REVIEWING UNITED BREWERIES' PRICE HIKE
REQUEST
    * INDIA'S TELANGANA STATE MINISTER: DEPENDING ON COMMITTEE
REPORT,
GOVERNMENT WILL DECIDE HOW MUCH BEER PRICE HIKE CAN BE DONE
WITHOUT BURDENING CONSUMERS
    * INDIA'S TELANGANA STATE MINISTER:  UNITED BREWERIES ARGUES
THAT
PRICE HIKE SHOULD BE AS PER THEIR DEMAND BECAUSE THEY HAVE A
MONOPOLY
    * INDIA'S TELANGANA STATE MINISTER:  AS OF TODAY, STATE HAS
STOCK
OF UNITED BREWERIES' BEER  OF 1.4 MILLION CASES
    * INDIA'S TELANGANA STATE MINISTER:  AS OF TODAY, BALANCE
DUE TO
UNITED BREWERIES IS 6.58 BILLION RUPEES, OF WHICH 4.07 BILLION
RUPEES ARE FROM PREVIOUS GOVERNMENT

Source text:  ID: 
Further company coverage:  ABI.BR 

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