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Earnings

United Breweries Q4 earnings today: Slightly muted quarter likely

Updated : May 20, 2019 08:53 AM IST

United Breweries Ltd (UBL) will report its fourth-quarter earnings on Monday and analysts expect the company to report subdued results this time.

  • The management indicated that with the elections falling in Q1, they will expect some dampener in their volume growth. However, in Q4 also the street is expecting muted numbers for two reasons. First, the growth will come on a high base. Last year, volume growth was 24 percent and 9-month average volume growth was also 15 percent. The second reason is, management also indicated earlier that Q4 growth will not be similar compared to last quarter at 9-month.

  • The company has guided lower volume growth of around 10-12 percent and the street is also expecting volume growth anywhere between 9 percent and 11 percent.

  • A CNBC-TV18’s poll estimates revenue growth of 12 percent, margins at 15 percent and profit growth of 36 percent.

  • It is important to watch out for the management’s comments on future guidance because election falling in Q1 will impact their Q1 and also Q2 but revival is expected post Q2.
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