Liquor firm United Breweries today reported a net profit of Rs 42.62 crore for the second quarter ended September 30, 2014.
The company had posted a net loss of Rs 18.57 crore during the same period previous fiscal.
Net sales of the company stood at Rs 959.86 crore during the second quarter, up 27.60 per cent, against Rs 752.2 crore in the same period previous fiscal, United Breweries Ltd said in a filing to the BSE.
“The just concluded quarter saw the company achieving better gross profit margins on account of selective price increase in some markets and lower input costs primarily due to usage of a higher percentage of recycled bottles,” the company said in a statement.
“Double-digit industry growth was widespread across regions; growth spurred primarily on account of strong beer. Mild beer too witnessed promising growth,” it added.
United Breweries said its plan for setting up a Greenfield brewery in Bihar is on track and it is likely to commence operations during the last quarter of this fiscal.
Shares of United Breweries ended up 1.18 per cent at Rs 694.70 on the BSE.