No more Kingfisher beer for Telangana? United Breweries' announcement sends stock into tailspin
Shares of the company went into a tailspin after it announced the suspension of its beer in the state. United Breweries’ stock tanked over 7 per cent to hit an intraday low of Rs 1920 apiece on BSE. The Rs 52,
United Breweries halts beer supply to Telangana over pricing disputes
Maker of Kingfisher beer, United Breweries saw a 4% share drop following its suspension of beer supply to Telangana Beverages Corporation Limited
UBL suspends beer supply to Telangana Beverages corp over unpaid dues and base price freeze
United Breweries Ltd suspends beer supply to Telangana due to operating losses, overdue payments, and lack of price revision.
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.
Telangana refuses to hike prices, UBL halts beer supply
HYDERABAD: United Breweries Limited (UBL) on Wednesday decided to suspend, with immediate effect, the supply of beer to the Telangana Beverages Corporation Limited (TGBCL), due to the latter not releasing dues to the tune of Rs 658.
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.
United Breweries Suspends Beer Supply Over Pricing Conflict
United Breweries Ltd has halted beer supply to Telangana Beverages Corporation Ltd due to a longstanding issue over unrevised pricing since 2019-20, leading to substantial losses. Additionally, unpaid dues from the corporation have contributed to making the supply financially unfeasible.
Explained: UB's suspension of Beer supply in Telangana and consequences
The Telangana government has refused to raise beer prices despite demands from beer manufacturers. In December 2024, Chief Minister Revanth Reddy rejected the request for a price increase of at least Rs 10 per bottle.
Kingfisher and Heineken beer will no longer be available in Telangana as UB suspends beer supplies with immediate effect
United Breweries Limited (UBL) announced on Wednesday (January 8, 2024) that it has decided to halt beer supplies to the Telangana Beverages Corporation Limited (TGBCL) with immediate effect. The image is used for representative purposes only. | Photo Credit: Getty Images
Kingfisher beer maker UB suspends supply to Telangana; association alleges state pays 90% less than other states
Despite two years of efforts to address the issue, there has been no increase in the base prices of their products, leading to escalating losses that have rendered their operations in Telangana unviable.
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,
Kingfisher, Heineken beer will no longer be available in THIS state, know why
UBL highlighted the unviable nature of its operations due to stagnant base prices for its products over the past two years.
Brewery takes fizz out of beer guzzlers’ joy in TG
Hyderabad: Guzzlers starved of chilled beer in Telangana as the famous brewery Kingfisher announced stoppage of the beer ...