Alcohol-Beverage, Telecom, MidCap Q3 Earnings Preview:   Modest Recovery Finally, Says Dolat Capital 
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Alcohol-Beverage, Telecom, MidCap Q3 Earnings Preview:  Modest Recovery Finally, Says Dolat Capital 

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Dolat Capital Report

After a lackluster Q1 and mild Q2 FY21 impacted by pandemic, we expect Q3 to witness early signs of normalcy.

This is especially for retail and media sector. Telecom was least impacted and is likely to register QoQ improvement in revenues.

Alcohol-beverage especially United Spirits Ltd. registered a modest decline in Q2 led by supportive base, pent-up demand and channel filling, but will see some softening (down 5.2% volume growth) due to high-base in Q3 FY21.

Hotel companies will continue to be under pressure led by steep average room rate (35-40%) drop and moderate occupancies at 35-40%.

Click on the attachment to read the full report:

Dolat Capital AlcoBev Telecom and MidCap Earnings Preview Q3FY21.pdf

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