Motilal Oswal rates United Breweries neutral with a Rs 1425 target

moneycontrol.com

Motilal Oswal initiated a Neutral rating on United Breweries with a target price of Rs 1425. The report cited a 3% revenue decline despite 4% volume growth, due to a temporary higher mix of contract manufacturing impacting realizations. Premium portfolio volume grew 16%. The beer industry saw 10% growth, but Motilal Oswal noted potential downside risk to margins from sustained cost inflation.


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Motilal Oswal rates United Breweries neutral with a Rs 1425 target | News Minimalist