India beer volumes near double-digit growth, but rising input costs squeeze UBL margins
UBL MD & CEO Vivek Gupta says beer volumes are growing at high single digits, aided by state reforms in Karnataka and Maharashtra plus favorable weather. Margins are under pressure from rising glass, aluminium and import costs amid a weaker rupee.
UBL CEO Vivek Gupta says India's beer industry is growing near double digits, driven by state reforms in Karnataka and Maharashtra and weather, but margins are pressured by rising glass, aluminium and import costs amid a weaker rupee.