Heineken reports high-single-digit revenue growth in India for March qtr

Dutch brewing major Heineken NV on Wednesday reported a high-single-digit organic growth in net revenue from the India market in the March quarter, helped by volume growth and pricing.

Heineken, which now controls the leading Indian beer maker United Breweries Ltd (UBL), said it had a mid-single-digit volume growth in the January-March period, led by the domestic brand Kingfisher.

Its premium portfolio of beer in the Indian market grew in the "high-teens", led by Kingfisher's Ultra and Heineken Silver, the company said in the update for the first quarter of 2023.

"In India, net revenue grew by a high-single-digit organically, driven by volume growth and pricing. Beer volume grew by a mid-single-digit, led by Kingfisher," it said.

In the Chinese market, Heineken grew by close to fifty per cent, with a strong performance of Heineken Original and Heineken Silver, it added.

However, in the Asia Pacific region, Heineken's net revenue declined 5.4 per cent organically, with total ...