New Delhi, Sept. 1 -- United Breweries Ltd (UBL) expects its premium beer business to grow 20-25% annually over the next three to five years, nearly three times the pace of India's broader beer market, as the brewer steps up investment in premium brands and expands its canning capacity.

Premium products, including Heineken, Heineken Silver, Ultra, Ultra Max, account for about 10% of UBL's total business and are growing at more than 20% in volume, managing director and chief executive Vivek Gupta told Mint.

UBL, which sells Kingfisher Strong, Kingfisher Premium, Heineken, Amstel and other brands, in an exchange filing on Tuesday, announced a Rs.110 crore investment in a new canning facility at its Ellora brewery in Maharashtra, its secon...