Nigerian Breweries (NB) Plc consolidated its Q4 2020 performance in Q1 2021, signaling a new normal. Having grappled with the impact of the strain in household income and the halt in on-trading activities, Revenue growth was slow, up only 4.3% y/y in FY 2020. As of Q1 2021, however, Revenue grew significantly, up 27.0% y/y t0 N105.68bn. Similarly, and defying the general rise in cost and expense lines, Profit After Tax was up 38.6% y/y to N7.66bn in the period.