However, PAT grew 39% to | 100 crore, as EBITDA was supported by lower depreciation, interest expense and higher other income What should investors do? UBL's market share has grown from 51-52% prepandemic to 53-54% currently. An | 800 crore bank balance, strong supply chain (has weathered pandemic better than other players and, hence, ~200 bps market share growth), strong return ratios (RoIC above 25% in FY24E) and a long premiumisation leg to play on (currently premiumisation at mere high single digit),...