Shares of United Breweries Limited were trading 4% above on 20 October after the company announced its quarterly report for the July-September quarter.

The beer maker reported a 19.9% year-on-year (YoY) decline in its net profit to Rs 107.6 crore for the quarter under review against the Rs 134.2 crore reported in the corresponding quarter last year.

The total revenue of the company for the Q2 saw a 14.2% YoY increase to Rs 1,888 crore against Rs 1,682 crore reported in the year-ago quarter.

The EBITDA (earnings before interest, taxes, depreciation, and amortisation) of the company decreased by 15.8% YoY to Rs 184.5 crore against Rs 219 crore in the corresponding period last year.

In its regulatory filing, the company said, “We continue to focus on revenue management and cost initiatives to drive margin accretion. We remain optimistic on the long-term growth potential of the industry, driven by increasing disposable income, favourable demographics and premiumisation.”

The quarterly results for the July-September quarter were announced on 19 October after the close of market hours.

This year has been tough for the beer marker as the stock of the company has tanked nearly 8%.

At 2:06 pm, the shares of United Breweries were trading 2.61% above at Rs 1,607 on NSE.