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 Shares Plunge 7% On Suspending Beer Supply To Telangana Beverages Corp
TGBCL's failure to revise the basic price of the company’s beer since fiscal 2020 is one of the reasons behind the suspension, United Breweries said.
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.
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.
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
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.
United Breweries stops beer supply to Telangana; stock slumps nearly 7%
United Breweries Ltd (UBL), the maker of Kingfisher beer, announced on Wednesday that it has suspended the supply of its beer to Telangana Beverages Corporation Limited (TGBCL), the state's sole distributor of alcohol.
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 India Unit Stops Beer Sales to Key State, Shares Drop
Heineken NV’s Indian unit suspended supply of beer to the southern Indian state of Telangana, citing unprofitable prices and missed payments.
No more Kingfisher, Heineken beer in Telangana as United Breweries suspend supply over pricing
Telangana is India's biggest beer-consuming state, with Kingfisher, including Kingfisher Strong, Kingfisher Ultra, and Kingfisher UltraMax, accounting for around 60 per cent of the total sales. Telangana accounts for around 15-20% of United Breweries’ beer sales and 10%-12% of the company's earnings.
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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
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