United Breweries Ltd (UBL), the Indian arm of Dutch brewing giant Heineken, reported a 19.87% increase in consolidated net profit to Rs. 97.76 crore for the January-March quarter of FY 2024-25. However, the company’s revenue from operations dropped by 7.54%, reflecting challenging market conditions. Despite a decline in both revenue and total income, UBL managed to keep costs in check, with a decrease in expenses by 8.54%. For the full financial year, net profit rose by 7.67%, and total consolidated income increased by 5.37%. The company’s stock saw a modest rise, closing at Rs.