India's United Breweries rises after parent Heineken's positive revenue commentary

United Breweries

23/10/2025 07:17

** Shares of United Breweries UBBW.NS rise about 2.3% to 1839 rupees apiece

** The alcoholic beverages maker's parent, Heineken, says India revenue rose by mid-single digit in the September quarter as its price mix offset a volume drop due to an extended monsoon season

** Heineken's revenue commentary is stronger than expected, potentially indicating a stronger-than-expected September quarter results for UBBW, says Investec

** Market share gains, sustained premiumization have helped UBBW mitigate volume challenges amid weather headwinds, says J.P.Morgan

** The average rating of the 19 analysts tracking UBBW is "hold"; the median price target is 2000 rupees, data compiled by LSEG shows

** UBBW shares are down 11.7% in 2025 so far, lagging the 0.8% rise in the fast-moving consumer goods index .NIFTYFMCG, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))