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Magnum becomes costliest beer in India, costs Rs 150 for 650ml

BANGALORE: The world’s largest brewer Anheuser-Busch InBev has uncorked Budweiser

Magnum

, positioning it as the highest-priced strong beer in India.

An India-specific innovation, Budweiser Magnum is priced at Rs 150 for a 650 ml bottle in Maharashtra. Its launch comes a year after Carlsberg’s super-premium strong beer Elephant, priced at Rs 135 for a 650 ml bottle in the same market.

Magnum has been launched to appeal to strong beer guzzlers who want to trade up, industry insiders say. ABInBev India confirmed the launch but was denied comment.

The premium strong beer segment has seen several new entrants in Carlsberg’s Tuborg Strong and SABMiller‘s Foster’s Strong.

India, unlike other beer markets, is unique because strong beer (with alcohol content higher than 5%) dominates consumption. Carlsberg’s MD Soren Lauridsen says between January and April 2012, strong beer’s contribution expanded from 80% of the market to 85%.

“Mild beer is stagnating and much of the growth is coming from the strong beer segment,” Lauridsen says.
But some rivals are not convinced by Budweiser Magnum’s price positioning. “If it does well, however, it would open a whole new price category for Indian beer,” a senior executive at a rival firm, says.

Anheuser-Busch pitched its presence in one of the fastest-growing beer markets in the world by launching Budweiser in Andhra Pradesh in 2007. The following year, InBev launched Tennet’s beer in a joint venture with PepsiCo’s bottler Ravi Jaipuria.

When the two giants merged globally in 2009, ABInBev became a 49:51 joint venture with Jaipuria’s RJ Corp. The joint venture operates two breweries in India, across Hyderabad and Pune.

The $39-billion AB-Inbev also makes brands such as Stella Artois, Hoegaarden and Leffe, which are currently imported by the Indian arm.

United Breweries‘ Kingfisher is the market leader in the Indian beer market, which has been growing at around 13% in recent years. Last fiscal it slumped to 3-4% growth, its slowest in the past eight years, hurt by high taxation in several large markets.

( Originally published on Jun 04, 2012 )

Unilever announces profits fall as inflation bites

British consumer goods group

Unilever

on Thursday announced a drop in first-half net profits on rising costs.

Profit after tax dropped five percent to 3.12 billion euros ($3.68 billion) in the first six months of the year compared with the corresponding period in 2020, Unilever said in a statement.

Revenues flattened at around 26 billion euros for the company making food, cleaning and beauty products including

Magnum

ice-cream, Cif surface cleaner and Dove soap.

Unilever was impacted by exchange rate movements, in addition to inflation strengthening as virus-battered economies emerge from lockdowns.

“We have seen further cost inflation emerge through the second quarter,” noted chief executive Alan Jope.

The company, which experienced keen demand for hand cleaners and household cleaning products last year as the coronavirus outbreak spread, said it continued to be impacted by the pandemic.

“The operating environment across our markets has seen some improvements but remains volatile,” Unilever added in the statement.

The results update comes after Israel’s Prime Minister Naftali Bennett this week warned Unilever that its subsidiary Ben & Jerry‘s decision to stop selling ice cream in the occupied Palestinian territories would have “severe consequences”.

Ben & Jerry’s on Monday said that selling ice cream in the Israel-occupied Palestinian territories was “inconsistent with our values”, although it said it planned to keep selling its products in Israel.

Unilever became a wholly British company at the end of the last year after it completed the historic merger of its Dutch and British corporate entities.