Net profit nearly doubles year-on-year as margins expand, while the stock retreats after hitting a 52-week high
GM Breweries reported a strong increase in earnings for the December quarter of FY26, with net profit rising 91 per cent year-on-year to Rs 42 crore from Rs 22 crore in the year-ago period, according to a regulatory filing.
Revenue for the quarter grew 22 per cent year-on-year to Rs 202.5 crore, compared with Rs 165.9 crore in the corresponding quarter of the previous financial year.
Operating profit also improved during the quarter. Earnings before interest, tax, depreciation and amortisation (Ebitda) rose 80 per cent year-on-year to Rs 53 crore from Rs 30 crore, while the Ebitda margin expanded to 26.1 per cent from 17.8 per cent a year earlier, the filing showed.
On a trailing twelve-month basis, earnings per share stood at Rs 62.67 on a standalone basis, while cash earnings per share was Rs 64.67, according to BSE data. As of January 6, the stock was trading at a standalone price-to-earnings multiple of 19.35, with return on equity at 16.72 and a price-to-book ratio of 3.24.
Shares of GM Breweries were volatile in Tuesday’s session following the announcement of its third-quarter results. The stock rose as much as 6.49 per cent to a 52-week high of Rs 1,328.8 per share during intraday trade on the NSE before reversing course.
At 1:02 pm, GM Breweries shares were trading at Rs 1,214.80 on the NSE, down 2.64 per cent from the previous close of Rs 1,247.80. The benchmark Nifty50 index was at 26,185, lower by 64 points, or 0.25 per cent.
By mid-afternoon, around 12.65 million equity shares of the company, valued at approximately Rs 318.24 crore, had changed hands across the NSE and BSE. The company’s market capitalisation stood at Rs 2,747.11 crore.
