To reproduce:
1. Open the attached project;
2. Open "repro" scene;
3. Enter Playmode;
4. Press button on top to switch between UniversalRenderPipeline.asset.useSRPBatcher true and false.

Expected result: the material on Entity is rendered same as on Game Object;
Actual result: the material of Entity is disoriented and rendered pink.

Reproduced with:
LWRP 6.9.0, Universal RP 7.0.1, 7.1.1, 7.1.2;
Entities & Hybrid Renderer 0.1.1.