Q1 2021 United Spirits Ltd Earnings Call Transcript

Jul 28, 2020 / 06:30AM GMT
Operator

Ladies and gentlemen, good day, and welcome to the United Spirits Limited Q1 FY '21 Results Conference Call. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Anand Kripalu, Chief Executive Officer; and Mr. Sanjeev Churiwala, Chief Financial Officer from United Spirits Limited. Thank you, and over to you.

Anand Kripalu - United Spirits Limited - MD, CEO & Additional Director

Thank you very much, and very good afternoon, everyone, and a warm welcome to the Q1 F '21 Results Call. First and foremost, I just hope that you and your families are all staying safe.

Before we open the lines for Q&A, I want to provide some context for the results that we announced last evening. This was indeed a quarter like no other, and I do hope we never have to experience another quarter like this ever again. For the period between March 24 to May 3, lockdown 1.0 and 2.0, alcobev manufacturing and sales were completely banned in all states in India. From the 4th of May onwards, several states

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