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Buy United Breweries, target Rs 905: Sagar Doshi

ETMarkets.com|
Sep 27, 2017, 12.40 PM IST
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Sagar Doshi of Edelweiss Financial Services has a buy call on United Breweries with a target price of Rs 905.

The current market price of United Breweries is Rs 836.35.

Time period given by the analyst is intraday when United Breweries price can reach defined target.

Sagar Doshi recommended to keep a stop loss at Rs 825.

United Breweries, incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 22,383.22 Crore) operating in Beverages - Alcoholic sector.

United Breweries key Products/Revenue Segments include Beer which contributed Rs 9,938.95 Crore to Sales Value (97.17 per cent of Total Sales), Other Operating Revenue which contributed Rs 216.39 Crore to Sales Value (2.11 per cent of Total Sales), Malt which contributed Rs 65.31 Crore to Sales Value (0.63 per cent of Total Sales) and Royalty Income which contributed Rs 7.51 Crore to Sales Value (0.07 per cent of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 1,674.21 Crore, up 50.46 per cent from last quarter Sales of Rs 1,112.70 Crore and up 12.69 per cent from last year same quarter Sales of Rs 1,485.67 Crore.

Company has reported net profit after tax of Rs 161.89 Crore in latest quarter.

The company's top management includes Mr.A K Ravi Nedungadi, Mr.Chhaganlal Jain, Mr.Chugh Yoginder Pal, Mr.Frans Erik Eusman, Mr.Madhav Bhatkuly, Mr.Shekhar Ramamurthy, Mr.Sijbe Hiemstra, 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 30-06-2017, the company has a total of 264,405,149 shares outstanding.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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