{"id":254174,"date":"2026-09-17T17:19:47","date_gmt":"2026-09-17T11:49:47","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=254174"},"modified":"2026-09-17T17:19:47","modified_gmt":"2026-09-17T11:49:47","slug":"gm-breweries-q2-results-fy27-preview","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/gm-breweries-q2-results-fy27-preview\/","title":{"rendered":"GM Breweries Q2 FY27 Results Preview: Date, Trends and Valuation"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;\"><em>GM Breweries trades near Rs 939, off a 52-week high of Rs 1,328.8. Q1 FY27 revenue was Rs 200 Cr with 23.00% operating margin and Rs 38 Cr net profit.<\/em><\/p>\n<p>Track the latest <a href=\"https:\/\/univest.in\/stocks\/gmbrew\/gm-breweries-ltd-share-price-today\">GM Breweries Ltd. share price<\/a> on Univest alongside these quarterly numbers.<\/p>\n<p>Country liquor manufacturer GM Breweries Ltd. will next be in focus around the GM Breweries Q2 results for the quarter ending 30 September 2026. The company has run a consistently high operating margin business over the last year, and the upcoming numbers will be read in that context.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/gm-breweries-q2-results-fy27-preview\/#When_Are_the_GM_Breweries_Q2_results_Expected\" title=\"When Are the GM Breweries Q2 results Expected?\">When Are the GM Breweries Q2 results Expected?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/gm-breweries-q2-results-fy27-preview\/#What_to_Expect_From_the_GM_Breweries_Q2_results\" title=\"What to Expect From the GM Breweries Q2 results\">What to Expect From the GM Breweries Q2 results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/gm-breweries-q2-results-fy27-preview\/#GM_Breweries_Q1_FY27_Performance_The_Base_Going_Into_the_GM_Breweries_Q2_results\" title=\"GM Breweries Q1 FY27 Performance: The Base Going Into the GM Breweries Q2 results\">GM Breweries Q1 FY27 Performance: The Base Going Into the GM Breweries Q2 results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/gm-breweries-q2-results-fy27-preview\/#Q2_FY26_Base_Quarter_for_Year_on_Year_Comparison\" title=\"Q2 FY26 Base Quarter for Year on Year Comparison\">Q2 FY26 Base Quarter for Year on Year Comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/gm-breweries-q2-results-fy27-preview\/#Recent_Quarterly_Trend_Heading_Into_the_GM_Breweries_Q2_results\" title=\"Recent Quarterly Trend Heading Into the GM Breweries Q2 results\">Recent Quarterly Trend Heading Into the GM Breweries Q2 results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/gm-breweries-q2-results-fy27-preview\/#Key_Factors_to_Watch_Ahead_of_the_GM_Breweries_Q2_results\" title=\"Key Factors to Watch Ahead of the GM Breweries Q2 results\">Key Factors to Watch Ahead of the GM Breweries Q2 results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/gm-breweries-q2-results-fy27-preview\/#Valuation_Snapshot_Ahead_of_the_GM_Breweries_Q2_results_Current_Market_Data\" title=\"Valuation Snapshot Ahead of the GM Breweries Q2 results (Current Market Data)\">Valuation Snapshot Ahead of the GM Breweries Q2 results (Current Market Data)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/gm-breweries-q2-results-fy27-preview\/#What_to_Watch_in_the_Upcoming_GM_Breweries_Q2_results\" title=\"What to Watch in the Upcoming GM Breweries Q2 results\">What to Watch in the Upcoming GM Breweries Q2 results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/gm-breweries-q2-results-fy27-preview\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/gm-breweries-q2-results-fy27-preview\/#Frequently_Asked_Questions_on_the_GM_Breweries_Q2_results\" title=\"Frequently Asked Questions on the GM Breweries Q2 results\">Frequently Asked Questions on the GM Breweries Q2 results<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/gm-breweries-q2-results-fy27-preview\/#When_will_the_GM_Breweries_Q2_results_be_announced\" title=\"When will the GM Breweries Q2 results be announced?\">When will the GM Breweries Q2 results be announced?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/gm-breweries-q2-results-fy27-preview\/#What_was_GM_Breweriess_operating_margin_in_the_June_2026_quarter\" title=\"What was GM Breweries&#8217;s operating margin in the June 2026 quarter?\">What was GM Breweries&#8217;s operating margin in the June 2026 quarter?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/gm-breweries-q2-results-fy27-preview\/#How_has_GM_Breweriess_net_profit_trended_recently\" title=\"How has GM Breweries&#8217;s net profit trended recently?\">How has GM Breweries&#8217;s net profit trended recently?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/gm-breweries-q2-results-fy27-preview\/#What_is_GM_Breweriess_current_valuation\" title=\"What is GM Breweries&#8217;s current valuation?\">What is GM Breweries&#8217;s current valuation?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"When_Are_the_GM_Breweries_Q2_results_Expected\"><\/span>When Are the GM Breweries Q2 results Expected?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>GM Breweries has not yet officially announced a date for the GM Breweries Q2 results. Based on its recent filing pattern, the company has typically reported quarterly results in late October or the first two weeks of November, and investors should track exchange filings for the confirmed board meeting date.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Expect_From_the_GM_Breweries_Q2_results\"><\/span>What to Expect From the GM Breweries Q2 results<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The GM Breweries Q2 results should be viewed against a business that has kept operating margin above 23% in four of the last five quarters, with the exception of a comparatively lower 19% in Jun25. Revenue has been fairly stable in the Rs 163 crore to Rs 202 crore range over the period, so whether volumes can push past the recent Rs 200 crore level is one thing to watch. Net profit peaked at Rs 54 crore in Mar26 before easing to Rs 38 crore in Jun26, and whether profitability stabilises closer to that peak or the more recent level will be a key point of interest in the GM Breweries Q2 results.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"GM_Breweries_Q1_FY27_Performance_The_Base_Going_Into_the_GM_Breweries_Q2_results\"><\/span>GM Breweries Q1 FY27 Performance: The Base Going Into the GM Breweries Q2 results<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the quarter ended June 2026, the first quarter of FY27, GM Breweries Ltd. reported revenue of Rs 200 crore, operating profit of Rs 46 crore at a 23.00% margin, and net profit of Rs 38 crore. This is the immediate base against which the GM Breweries Q2 results will be measured sequentially.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Q2_FY26_Base_Quarter_for_Year_on_Year_Comparison\"><\/span>Q2 FY26 Base Quarter for Year on Year Comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For year over year context ahead of the GM Breweries Q2 results, the quarter ended September 2025 saw GM Breweries post revenue of Rs 181 crore, operating profit of Rs 45 crore at a 25.00% margin, and net profit of Rs 35 crore. This Q2 FY26 print, with a slightly higher margin than Jun26, is the historical base the GM Breweries Q2 results will be compared against on a year on year basis.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Recent_Quarterly_Trend_Heading_Into_the_GM_Breweries_Q2_results\"><\/span>Recent Quarterly Trend Heading Into the GM Breweries Q2 results<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Revenue has moved from Rs 163 crore in Jun25 to Rs 181 crore in Sep25, Rs 202 crore in Dec25, Rs 202 crore in Mar26, and Rs 200 crore in Jun26, showing a broadly stable level after an initial rise. Operating margin improved from 19.00% in Jun25 to a peak of 26.24% in Dec25 before easing to 23.00% in Jun26, while net profit rose from Rs 26 crore to a high of Rs 54 crore in Mar26 before settling at Rs 38 crore. This pattern of stable revenue with a high but slightly moderating margin is the backdrop for the GM Breweries Q2 results.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Factors_to_Watch_Ahead_of_the_GM_Breweries_Q2_results\"><\/span>Key Factors to Watch Ahead of the GM Breweries Q2 results<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Country liquor pricing and state excise policy in Maharashtra, the core market for the company, remain the most direct influence on both revenue and margin in the GM Breweries Q2 results. Raw material costs, particularly for extra neutral alcohol, will also shape whether the operating margin can hold closer to the 25% to 26% levels seen mid last year rather than the more recent 23%. Any regulatory changes affecting country liquor distribution during the quarter would also be relevant.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_Snapshot_Ahead_of_the_GM_Breweries_Q2_results_Current_Market_Data\"><\/span>Valuation Snapshot Ahead of the GM Breweries Q2 results (Current Market Data)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of the current session, GM Breweries shares trade around Rs 939, above the 50-day moving average of Rs 904.31 but below the 200-day average of Rs 969.83, and off a 52-week high of Rs 1,328.8. The stock trades at a price to earnings multiple of about 12.74, a price to book ratio of 1.99, a return on equity of 12.5%, carries no debt on its books, and offers a dividend yield of 0.97%. These are present-day figures, not a forecast for after the GM Breweries Q2 results.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_in_the_Upcoming_GM_Breweries_Q2_results\"><\/span>What to Watch in the Upcoming GM Breweries Q2 results<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors will watch whether operating margin holds in the 23% to 26% range and whether revenue can move back above the Rs 200 crore mark when the GM Breweries Q2 results are announced. The zero-debt balance sheet of the stock also makes profitability trends, rather than financing costs, the main variable to track.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The GM Breweries Q2 results arrive with the company maintaining one of the higher operating margins in its peer set, even as that margin has eased slightly from its Dec25 peak. Revenue has stayed broadly stable, and the next print should clarify whether margin settles near current levels or recovers further.<\/p>\n<p style=\"margin-top:24px\"><a href=\"https:\/\/univest.in\/open-demat-account\">Open a free Demat account with Univest and track GM Breweries&#8217;s Q2 results as they happen.<\/a><\/p>\n<p style=\"margin-top:24px\"><a href=\"https:\/\/univest.in\/open-demat-account\">Open a Univest trading and Demat account today to follow GM Breweries through this results season.<\/a><\/p>\n<p style=\"margin-top:24px\"><a href=\"https:\/\/univest.in\/open-demat-account\">Start investing with a free Univest Demat account ahead of GM Breweries&#8217;s next quarterly update.<\/a><\/p>\n<p>Compare GM Breweries against peers using the <a href=\"https:\/\/univest.in\/screeners\">Univest stock screener<\/a> before the results are announced.<\/p>\n<div style=\"border-left:4px solid \n \n \n\n<p style=\"font-style:italic;color:#000000;margin:14px 0;\">Also read &#8211; <a href=\"https:\/\/univest.in\/blogs\/ceat-q2-results-fy27-preview-date-expectations\">CEAT Q2 Results FY27 Preview<\/a><\/p>\n<p style=\"font-style:italic;color:#000000;margin:14px 0;\">Also read &#8211; <a href=\"https:\/\/univest.in\/blogs\/cello-world-q2-results-fy27-preview-date-expectations\">Cello World Q2 Results FY27 Preview<\/a><\/p>\n<p> #CC0000;background:#FFF5F5;padding:14px 18px;margin:24px 0;&#8221;><\/p>\n<p style=\"margin:0;font-size:13px;line-height:1.7;\"><strong>Disclaimer:<\/strong> Univest Securities Private Limited is a SEBI-registered Research Analyst (Registration No. INH000013776). The figures and trends discussed in this article are based on publicly available historical financial data and current market data, and are presented for educational purposes only. Nothing in this article constitutes investment advice, a recommendation, or an offer to buy or sell any security. Investors should independently verify all data and consult a SEBI-registered advisor before making any investment decision. Investments in securities are subject to market risk.<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_the_GM_Breweries_Q2_results\"><\/span>Frequently Asked Questions on the GM Breweries Q2 results<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"When_will_the_GM_Breweries_Q2_results_be_announced\"><\/span>When will the GM Breweries Q2 results be announced?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>GM Breweries has not yet announced an official date for the GM Breweries Q2 results. Based on past patterns, the company typically reports in late October or the first two weeks of November.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_was_GM_Breweriess_operating_margin_in_the_June_2026_quarter\"><\/span>What was GM Breweries&#8217;s operating margin in the June 2026 quarter?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In the quarter ended June 2026, GM Breweries reported an operating margin of 23.00% on revenue of Rs 200 crore, with a net profit of Rs 38 crore, forming the base for the GM Breweries Q2 results.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_GM_Breweriess_net_profit_trended_recently\"><\/span>How has GM Breweries&#8217;s net profit trended recently?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Net profit rose from Rs 26 crore in Jun25 to a peak of Rs 54 crore in Mar26 before easing to Rs 38 crore in Jun26, a trend relevant to expectations for the GM Breweries Q2 results.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_GM_Breweriess_current_valuation\"><\/span>What is GM Breweries&#8217;s current valuation?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>As of the latest session, GM Breweries trades at a price to earnings ratio of about 12.74 and a price to book ratio of 1.99, with a return on equity of 12.5%, ahead of the GM Breweries Q2 results.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"When will the GM Breweries Q2 results be announced?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"GM Breweries has not yet announced an official date for the GM Breweries Q2 results. Based on past patterns, the company typically reports in late October or the first two weeks of November.\"}},{\"@type\":\"Question\",\"name\":\"What was GM Breweries's operating margin in the June 2026 quarter?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In the quarter ended June 2026, GM Breweries reported an operating margin of 23.00% on revenue of Rs 200 crore, with a net profit of Rs 38 crore, forming the base for the GM Breweries Q2 results.\"}},{\"@type\":\"Question\",\"name\":\"How has GM Breweries's net profit trended recently?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Net profit rose from Rs 26 crore in Jun25 to a peak of Rs 54 crore in Mar26 before easing to Rs 38 crore in Jun26, a trend relevant to expectations for the GM Breweries Q2 results.\"}},{\"@type\":\"Question\",\"name\":\"What is GM Breweries's current valuation?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of the latest session, GM Breweries trades at a price to earnings ratio of about 12.74 and a price to book ratio of 1.99, with a return on equity of 12.5%, ahead of the GM Breweries Q2 results.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A preview of the GM Breweries Q2 results, covering the expected date, recent margin and revenue trend, and current valuation for GM Breweries.<\/p>\n","protected":false},"author":29,"featured_media":254173,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5331],"tags":[5812],"class_list":["post-254174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-https-univest-in-blogs-category-results","tag-alcoholic-beverages-sector"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["254173"],"rank_math_title":["GM Breweries Q2 FY27 Results Preview: Date, Trends and Valuation"],"rank_math_description":["A preview of the GM Breweries Q2 results for FY27, covering the expected date, recent revenue and margin trend, and a current valuation snapshot for the stock."],"rank_math_focus_keyword":["GM Breweries Q2 FY27 Results Preview: Date, Trends and Valuation"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/gm-breweries-q2-results-fy27-preview.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/254174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=254174"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/254174\/revisions"}],"predecessor-version":[{"id":254175,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/254174\/revisions\/254175"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/254173"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=254174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=254174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=254174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}