Buy United Breweries; target Rs 1412: Kunal Bothra

Independent Analyst Kunal Bothra has a buy call on United Breweries with a target price of Rs 1412. The current market price of United Breweries is Rs 1364.55 Time period given by analyst is Intra Day when United Breweries price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 1345. United Breweries , incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 36079.40 Crore) operating in Beverages - Alcoholic sector.

United Breweries key Products/Revenue Segments include Beer which contributed Rs 12074.24 Crore to Sales Value (97.16 per cent of Total Sales), Other Operating Revenue which contributed Rs 255.71 Crore to Sales Value (2.05 per cent of Total Sales), Malt which contributed Rs 88.11 Crore to Sales Value (0.70 per cent of Total Sales) and Royalty Income which contributed Rs 8.55 Crore to Sales Value (0.06 per cent of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2018, the company has reported a Standalone sales of Rs 1525.95 Crore, down 18.22 per cent from last quarter Sales of Rs 1865.91 Crore and up 19.55 per cent from last year same quarter Sales of Rs 1276.44 Crore Company has reported net profit after tax of Rs 163.77 Crore in latest quarter. The company’s top management includes Mr.A K Ravi Nedungadi, Mr.Chhaganlal Jain, Mr.Christiaan A J Van Steenbergen, Mr.Chugh Yoginder Pal, Mr.Frans Erik Eusman, Mr.Madhav Bhatkuly, Mr.Rudolf Gijsbert Servaas van den Brink, Mr.Shekhar Ramamurthy, Mr.Stephan Gerlich, Mr.Steven Bosch, Mr.Sunil Alagh, Ms.Kiran Mazumdar Shaw.