Are Doorstep Services a reason to cheer? | United Breweries To ET NOW
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Brewers in low spirits after COVID hurts Q4 sales volumes. The Coronavirus weighs on UBL's earnings. A dull year for brewing companies? Recovery seen in May, June? Are doorstep services, a reason to cheer? Shekhar Ramamurthy, MD, United Breweries joins in on The Market to discuss how they plan to regain the lost earnings. United Breweries’ Q4FY20 earnings report saw net revenue at Rs 1425.1 crore vs Rs 1630.4 crore, down 12.6% and PAT at Rs 41.8 crore vs Rs 68.9 crore, down 39.3% and EBITDA at Rs 133 crore vs Rs 172.3 crore, down 22.8% with margins at 9.3% vs 10.6%. Here’s a look at the highlights from their Q4 earnings that have been affected due to the COVID-19 crisis. Pre-COVID Volumes Slipped By 6%. The lockdown volumes down by 21%. Eastern markets see a huge decline. The positive price mix has aided gross margins. Tune in for the full discussion here! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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