Buy United Breweries, target Rs 1460: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on United Breweries Ltd. with a target price of Rs 1460. The current market price of United Breweries Ltd. is Rs 1422.4. Time period given by the analyst is Intra Day when United Breweries Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 1405. United Breweries Ltd., incorporated in 1999, has a market cap of Rs 37608.99 crore.
United Breweries Ltd. key Products/Revenue Segments include Beer which contributed Rs 12074.24 Crore to Sales Value (97.16 % of Total Sales), Other Operating Revenue which contributed Rs 255.71 Crore to Sales Value (2.05 % of Total Sales), Malt which contributed Rs 88.11 Crore to Sales Value (0.70 % of Total Sales) and Royalty Income which contributed Rs 8.55 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Standalone sales of Rs 1629.40 Crore, up 12.28 % from last quarter Sales of Rs 1451.17 Crore and up 10.90 % from last year same quarter Sales of Rs 1469.28 Crore Company has reported net profit after tax of Rs 67.92 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.Sunil Alagh, Ms.Kiran Mazumdar Shaw. Company has S R Batliboi & Associates LLP as its auditors. As on 30-06-2019, the company has a total of 264,405,149 shares outstanding.