Heineken's United Breweries halts beer sales in Indian state

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,
United Breweries May See Profitability Pressure After Telangana Supply Halt: Kotak
The suspension of supply to Telangana could meaningfully impact near-term earning, given operational deleverage. But United Breweries’ ask is reasonable, Kotak said.
United Breweries slumps nearly 7% on halting beer supply in Telangana
United Breweries said the unpaid dues by Telangana Beverages Corp had made the continued supply of the company's beer to the state-owned beverage firm "unviable."
Telangana rations beer to depots after United Breweries suspends supply
United Breweries Ltd has suspended beer supply to Telangana due to owed payments and low state prices. The Telangana Beverages Corporation Ltd and excise department have started rationing beer stocks to depots.
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 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.
United Breweries 'bold' suspension of beer supply in Telangana could pay off in FY26: Kotak
Kotak Institutional Equities, in its latest note, highlighted United Breweries Ltd.'s decision to suspend beer supplies to Telangana due to pending price revisions and overdue rec
United Breweries suspends supplies to Telangana Beverages Corporation
The stock price of United Breweries closed 4.09 per cent lower in Wednesday's trade to end at Rs 1,990.50 per share on NSE.
Crisis Brewing: Telangana’s Beer Industry Faces Price Stalemate
The beer supply crisis in Telangana escalates as United Breweries and other industry leaders face unsustainable prices set by the state. The prices, outdated since 2018-19, have led to substantial losses and unpaid dues.
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.
Heineken-controlled United Breweries halts beer supply in India's Telangana state
United Breweries said on Wednesday that it has suspended supplying beer to a state-run corporation in the southern Indian state of Telangana, which will halt sales of popular beer brands such as Heineken and Kingfisher in one of the country's top liquor-selling states.
Global alcohol firms demand $466 mln from Indian state in payments row, sources say
Global alcohol companies such as Diageo, Pernod Ricard and Carlsberg are demanding unpaid dues of about $466 million from ...
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Beer prices in Telangana based on FY19 cost; Rs 3,900 crore dues remain unpaid to alcoBev sector: BAI
United Breweries and the Brewers Association of India (BAI) have raised concerns over the commercial viability of beer prices ...