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UBL — United Breweries News Story

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Consumer DefensivesConservativeLarge CapFalling Star

India's United Breweries falls as Q2 profit declines

** Shares of Kingfisher beer maker United Breweries UBBW.NS fall 4% to 1,776 rupees

** Co's Q2 profit falls 64% y/y, rev falls 21%

** JP Morgan says Q2 "underwhelming", operational performance weaker than expected

** Investec says extended monsoon, high base and decline in sales in key states such as Karnataka and Rajasthan hurt earnings

     ** Stock rated "hold" on avg by 19 analysts covering it; median PT at 2,000 rupees - data compiled by LSEG

** YTD, UBBW down 13%

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))

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