India's United Breweries up; top shareholder Heineken's March qtr sales beat estimates

** Shares of Kingfisher beer maker United Breweries UBL up as much as 8.9% to a record 2,026.20 rupees

** UBBW's top shareholder Heineken HEIA said beer volumes rose 4.7% Y/Y in March qtr, beating a 2.5% growth expected by analysts in a company-provided poll; stuck to its forecast for profit growth in 2024

** Heineken CEO said that all regions posted higher volume and net revenue; India net revenue grew 20% organically

** UBBW last up 8.1%, set for third straight session of gain

** Analysts' avg rating on UBBW at "hold"; median PT is 1,725 rupees - LSEG data

** Stock up ~13% YTD, its fourth straight annual gain