GM Breweries Q1 Net Profit Jumps 45.6% to Rs 37.7 Crore; Stock Rallies 6%
Indian liquor maker GM Breweries posted Q1 revenue of Rs 200 crore, up 25.8% YoY, with net profit climbing 45.6% to Rs 37.7 crore. EBITDA rose 52% to Rs 46.4 crore as margins expanded to 23.2% from 18.7%. Shares gained over 6% intraday to Rs 971.55 on the results.
What happened
GM Breweries, an Indian liquor maker, posted Q1 net profit up 45.6% YoY to Rs 37.7 crore and revenue up 25.8% to Rs 200 crore, with margins expanding. Shares
Key facts
- Net profit Rs 37.7 crore (+45.6% YoY)
- Revenue Rs 200 crore (+25.8% YoY)
- EBITDA Rs 46.4 crore (+52% YoY)
- EBITDA margin 23.2% vs 18.7%
- Stock +6.35% intraday to Rs 971.55
Why this matters
Strong cash generation and expanding margins strengthen the balance sheet for potential capacity additions or premiumization plays in the regional liquor market.
What to watch
- ENA and molasses spot price trend over next quarter
- Maharashtra state excise duty or MRP revision announcements
- Q2 volume growth guidance vs the 25.8% revenue print
- Peer results (Radico, Tilaknagar, United Spirits) for margin read-across
- Sustainability of 23.2% EBITDA margin in following quarters
- Monitor dividend/buyback signal given strong cash generation and net-cash balance sheet
- Track volume vs realization split to confirm growth quality
- Watch for brokerage upgrades and revised FY target prices post-results
- Assess Maharashtra excise policy exposure as key regulatory variable