BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Globus Spirits Ltd. reported strong results owing to continued improvement in margin profile in spite of weaker operating leverage.
Revenues fell mere 22% YoY to Rs 230 crore, compared to the liquor industry, in general (fell closer to 45-55% levels), mainly owing to stronger Indian made Indian liquor performance due to better state mix (Haryana performed well), higher bulk realisation (up 14%) and better-than-expected performance of newer product launches.
Ebitda grew 46% YoY to Rs 39 crore mainly due to strong expansion in Ebitda margin (clocked highest ever Ebitda margin of 17.1% versus 9.1% in Q1 FY20, led by higher gross margins, lower fuel, freight and power cost).
Subsequently, profit after tax grew 1.6 times to Rs 19 crore.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR