UBL CEO Sees 6–7% Growth, Pushes for Beer Tax Reforms

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CEO Vivek Gupta projects 6–7% volume growth this fiscal despite rains hurting demand, while calling for separate taxation of beer and spirits. UBL reported 11% Q1 growth, with premium sales up 46% and premiumisation expected at 25%. Gupta flagged commodity volatility, aluminium shortages, and state taxes as key challenges, while stressing that GST reforms could aid beer consumption if excise hikes are avoided.