Subsequently, the company reported a PAT of |164 crore (vs PAT before exceptional items of |160 crore in Q4FY21) and came above I-direct estimate of | 91 crore. PAT after exceptional item stood at | 98 crore What should investors do? The company saw highest ever volume in March, 2022 and expects the momentum to continue in Q1FY23 (peak season for breweries). Also, UBL is expected to see normalised peak quarter after a span of three years. Although near term challenges remain (barley prices which make up for 15% input costs for UBL, is up 70% YoY, high single digit inflation in glass), the management...