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United Breweries reports Q1 net decline 4.68% at Rs 123 crore

On Thursday, United Breweries Ltd (UBL) has reported 4.68 percent decline in the net profit at Rs 122.81 crore for the first quarter ended June 30, 2015 as compared to Rs 128.84 crore of the previous fiscal during same period.

The company has also announced that Shekhar Ramamurthy will be replacing Kalyan Ganguly as its Managing Director with effect from August 1, 2015.

In a BSE filing the company said, Ganguly has decided to retire and pursue other interests.

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