Heineken's United Breweries halts beer sales in Indian state

Heineken's United Breweries halts beer sales in Indian state over pricing
By Rishika Sadam, Nandan Mandayam and Indranil Sarkar HYDERABAD/BENGALURU (Reuters) -Heineken-owned United Breweries on Wednesday stopped supplying beer to Telangana in southern India, following the state's refusal to allow price rises,
United Breweries May See Profitability Pressure After Telangana Supply Halt: Kotak
The suspension of supply to Telangana could meaningfully impact near-term earning, given operational deleverage. But United Breweries’ ask is reasonable, Kotak said.
United Breweries stock falls over 7% amid beer supply suspension in Telangana
United Breweries Ltd’s shares fell over 7% after suspending beer supplies to TGBCL due to financial concerns and unpaid dues. The stock is currently trading 13% below its 52-week high, despite a 23% increase in net profit for Q2 FY25.
Heineken-controlled United Breweries halts beer supply in India's Telangana state
United Breweries said on Wednesday that it has suspended supplying beer to a state-run corporation in the southern Indian state of Telangana, which will halt sales of popular beer brands such as Heineken and Kingfisher in one of the country's top liquor-selling states.
United Breweries Shares Plunge 7% On Suspending Beer Supply To Telangana Beverages Corp
TGBCL's failure to revise the basic price of the company’s beer since fiscal 2020 is one of the reasons behind the suspension, United Breweries said.
United Breweries slumps nearly 7% on halting beer supply in Telangana
United Breweries said the unpaid dues by Telangana Beverages Corp had made the continued supply of the company's beer to the state-owned beverage firm "unviable."
United Breweries 'bold' suspension of beer supply in Telangana could pay off in FY26: Kotak
Kotak Institutional Equities, in its latest note, highlighted United Breweries Ltd.'s decision to suspend beer supplies to Telangana due to pending price revisions and overdue rec
Heineken-Controlled United Breweries Suspends Beer Supply To Telangana Over Operating Losses
United Breweries highlighted that despite continuous efforts over the past two years, there has been no increase in the base prices of its products since the 2019-20 fiscal year.
Crisis Brewing: Telangana’s Beer Industry Faces Price Stalemate
The beer supply crisis in Telangana escalates as United Breweries and other industry leaders face unsustainable prices set by the state. The prices, outdated since 2018-19, have led to substantial losses and unpaid dues.
United Breweries stops beer supply to Telangana; stock slumps nearly 7%
United Breweries Ltd (UBL), the maker of Kingfisher beer, announced on Wednesday that it has suspended the supply of its beer to Telangana Beverages Corporation Limited (TGBCL), the state's sole distributor of alcohol.
Heineken’s India Unit Stops Beer Sales to Key State, Shares Drop
Heineken NV’s Indian unit suspended supply of beer to the southern Indian state of Telangana, citing unprofitable prices and missed payments.
Global alcohol firms demand $466 mln from Indian state in payments row, sources say
Global alcohol companies such as Diageo, Pernod Ricard and Carlsberg are demanding unpaid dues of about $466 million from ...
Viability of beer prices set by Telangana has become far too stressed: BAI
A day after the country's leading brewer United Breweries suspended supply to Telangana, beer industry body BAI on Thursday said the commercial viability of prices set by the state government has ...