UBL Q2 : CONS NET PROFIT UP 190.9% AT ₹134.8 CR (YOY), DOWN 18.9% (QOQ). STRONG (ON 1ST LOOK)

Net sales up 24% (YOY); revenue from operations at ₹4,623 Cr, up 23.7% (YOY). Ebitda up 108% (YOY); Ebitda margin 11.9%, up 480 bps (YOY). Ebit margin 8.4%, up 441 bps (YOY); gross margin up 194 bps (YOY). Volumes up 16% (YOY); premium volumes up 38%, led by Heineken Silver up 67% and Kingfisher Ultra up 44%.

United Breweries Ltd-$

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