Buy United Breweries, target Rs 1435: Jay Thakkar

Jay Thakkar of Anand Rathi has a buy call on United Breweries Ltd. with a target price of Rs 1435. The current market price of United Breweries Ltd. is Rs 1379.7. Time period given by the analyst is Intra Day when United Breweries Ltd. price can reach the defined target. Jay Thakkar recommended to keep stoploss at Rs 1355. United Breweries Ltd., incorporated in 1999, is a largecap company with a market cap of Rs 36479.98 crore.

United Breweries Ltd. key Products/Revenue Segments include Beer which contributed Rs 9938.95 Crore to Sales Value (97.17 % of Total Sales), Other Operating Revenue which contributed Rs 216.39 Crore to Sales Value (2.11 % of Total Sales), Malt which contributed Rs 65.31 Crore to Sales Value (0.63 % of Total Sales) and Royalty Income which contributed Rs 7.51 Crore to Sales Value (0.07 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 1865.91 Crore, up 26.99 % from last quarter Sales of Rs 1469.28 Crore and up 11.45 % from last year same quarter Sales of Rs 1674.21 Crore Company has reported net profit after tax of Rs 221.92 Crore in latest quarter. The company’s top management includes Mr.A K Ravi Nedungadi, Mr.Chhaganlal Jain, Mr.Christiaan J van Steenbergen, Mr.Chugh Yoginder Pal, Mr.Frans Erik Eusman, Mr.Madhav Bhatkuly, Mr.Shekhar Ramamurthy, Mr.Stephan Gerlich, Mr.Steven Bosch, Mr.Sunil Kumar Alagh, Ms.Kiran Mazumdar Shaw. Company has S R Batliboi & Associates LLP as its auditoRs As on 30-06-2018, the company has a total of 264,405,149 shares outstanding.