India's Globus Spirits hits new 52-wk low on profit slump

Globus Spirits

15/11/2022 06:31

** Globus Spirits Ltd shares  GLOS.NS  fall as much as 10.5%
to 721.50 rupees, their lowest since Aug. 6, 2021
    ** The beverage company reports 57.8% drop in Sept-qtr net
profit as margins were hit by high fuel costs, change of
business mix
    ** Cost of materials consumed jumped 48.7%, while revenue
from operations grew 6.65%
    ** Stock posts biggest intraday percentage drop since Aug.
10
    ** Over 392,000 shares traded by 0624 GMT vs 30-day avg of
~64,500
    ** Stock last down 8.3%, extending YTD decline to 42.4%
 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))