Heineken Battles Monsoon Headwinds: Revenue Grows Despite Volume Dip

Heineken reported a decline in its India beer volume due to heavy monsoon rains but saw a mid-single-digit growth in organic net revenue through pricing strategies. Premium beer volume grew amid brand expansion, despite overall global volume challenges, with Asia-Pacific showing an increase in organic revenue.

Dutch brewing giant Heineken, which holds a significant stake in United Breweries Ltd (UBL), faced a substantial weather-related challenge in India, where beer volumes saw a mid-single-digit decline due to unusually heavy rains during the September quarter.

Despite this, Heineken managed to boost its organic net revenue by leveraging price hikes and a diversified portfolio mix, achieving a mid-single-digit growth. The company's premium beer segment experienced low-teen growth, driven by new launches and strategic brand management.

In the Asia-Pacific region, Heineken's organic net revenue grew by 5.6 percent despite a slight volume decline. The company is strategically gaining market share in various regions, including Mexico, Brazil, India, and Vietnam, despite overall challenges in global volume, with its brand Amstel expanding in multiple countries.

(With inputs from agencies.)