Diageo : Diageo India reported Q1 results (April-June 2020): “positive†surprise in sales but negative EBITDA and a mixed outlook
>Sales down 54% in the quarter: better than expected in our view - Diageo India released its Q1 2020-21 results yesterday (April-June 2020 which corresponds to the Diageo group’s Q4). Diageo India’s Q1 sales came to INR 10.3bn, down 51% y-o-y organic (-54% reported), i.e. a fall in the period January-June 2020 of around 32% on a reported basis relative to the same period last year, whereas we previously expected a fall of 45% in sales in India in the first half. The f...Diageo is a premium drinks business based in the United Kingdom. Co. is engaged in producing and distributing spirits, beer and wine. Co.'s operations include producing, distilling, brewing, bottling, packaging, distributing, developing and marketing of a range of brands. The brands that it produces and distributes include Smirnoff vodka, Johnnie Walker scotch whisky, Baileys Original Irish Cream liqueur, Captain Morgan rum, J&B scotch whisky, Tanqueray gin and Guinness stout. In addition, Co. also has the distribution rights for the Jose Cuervo tequila brands in North America and other countries.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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