Globus Spirits slumps 13% on weak Q2 results; stock tanks 59% in 10 months

Its Q2 earnings before interest, taxes, depreciation, and amortization (ebitda) was down 47.4 per cent YoY and 33.2 percent QoQ at Rs 47 crore

Shares of Globus Spirits slumped 13 per cent to hit a fresh 52-week low of Rs 700 on the BSE in Tuesday’s intra-day trade as the company reported a weak set of numbers for the quarter ended September (Q2FY23).

The stock of the breweries & distilleries company has fallen below its previous low of Rs 766.05 touched on October 26, 2022. In the past 10 months, it has tanked 59 per cent from a level of Rs 1,720. It had hit a record high of Rs 1,760 on