UBL volumes for Q4FY22 grows in high single digitsUBL - 1435 Change: 7.80 (0.55 %)
News: UBL's volumes for Q4FY22 grew in high single digits YoY and outperformed the market. UBL's result is slated to be announced on April 26.
Views: We expected 5% growth during the quarter and higher volume growth will likely aid margin improvement (vs. estimated 11% EBITDA margins). Overall UBL's parent Heineken saw 2.8% volume growth in the Asia Pacific region.