- 30 May 2022
- ICICIdirect Research
United Spirits signs sale, franchise agreement with InBrew Beverages
MCDOWELL-N - 764 Change: -5.00 (-0.65 %)News: United Spirits reported a mixed set of numbers. Net revenues grew 9% YoY to Rs 2435 crore, driven by resilient demand in off-trade channels and on-trade recovery. The reported EBITDA grew mere 4% to Rs 427 crore, led by 101 bps contraction in EBITDA margins to 17.5%. However, reported PAT de-grew 19% YoY Rs 136 crore, as steady operational performance was negated by exceptional expense of Rs173 crore
Views: United Spirits reported a mixed set of numbers. Net revenues grew 9% YoY to Rs 2435 crore, driven by resilient demand in off-trade channels and on-trade recovery. The reported EBITDA grew mere 4% to Rs 427 crore, led by 101 bps contraction in EBITDA margins to 17.5%. However, reported PAT de-grew 19% YoY Rs 136 crore, as steady operational performance was negated by exceptional expense of Rs173 crore
Impact: Positive