• SENSEX
    NIFTY 50
VIDEOS
Market

Standout Brokerage Report: Emkay bullish on liquor cos; expects earnings rebound

Updated : December 14, 2020 10:53:06 IST

Emkay’s in its note on alcohol companies said that channel checks and volume trends from six states reflects sharp normalisation. Volumes of Indian Made Foreign Liquor (IMFL) are up 7 percent year-on-year (YoY) and the beer volumes have reached 80 percent of pre-COVID levels in the month of October-November.

This could translate into an earnings recovery as well, Emkay feels.

For the second half of the year, they expect a 50 percent earnings recovery versus a 100 percent decline in earnings in the first half of FY21.

CNBC-TV18’s Nimesh Shah gets more details in the special segment ‘Standout Brokerage Report’.

For more detail, watch video
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you

Advertisement