G.M. Breweries Reports 35% Rise in Q2FY26 Net Profit to ₹34.89 Crore

Mumbai, October 9, 2025: G.M. Breweries Limited (NSE: GMBREW | BSE: 507488) reported strong results for the second quarter of FY26, with net profit growing by 35% year-on-year, reported at ₹34.89 crore, supported by upbeat sales growth and cost control in the company’s core country liquor business.

The company’s shares closed at ₹896.00 on October 9, 2025, a gain of ₹131.90 (17.26%) over its previous close of ₹764.10. It also reported an opening price of ₹767, followed by a high of ₹916.90 and a low of ₹740.

Financial Performance

In Q2 FY26, the businesses generated revenue of ₹717.85 crore for the company, which is ₹79.84 crore, or 12.5% higher than the revenue recorded for the same period in FY25, at ₹638.01 crore. Profit before tax increased 34.9 percent over the prior fiscal year to ₹46.63 crore, driven by efficient production and a stable price environment. For the half-year period ended September 30, 2025, the company’s net profit increased 30.3 percent to ₹60.75 crore, while earnings per share increased to ₹26.59.

Operational Overview

The company places greater emphasis on its country liquor business, which remains the primary source of revenue. The total quarterly expenditure increased by 11.2% to ₹67.42 crore, primarily due to an increase in raw material expenditure and excise duty. However, the company did not lose its operational discipline and enhanced its product margins. The depreciation cost in the quarter was 2.48 crore.

Balance Sheet And Cash Flow

As of September 30, 2025, G.M. Breweries had total assets of ₹1,10,096 lakh, compared to total assets of ₹1,09,756 lakh as of March 31, 2025. The company has no debt and carries strong reserves of ₹96,085 lakh. In H1 FY26, G.M. Breweries had net cash from operations of ₹4,002 lakh, and cash flow from investing and financing resulted in a closing cash balance of ₹177 lakh.

Outlook

G.M. Breweries, with its stable margins, debt-free position, and strong brand presence in Maharashtra, is expected to sustain steady growth in the coming quarters by enhancing operational efficiency and maintaining a disciplined cost structure.

REF: https://nsearchives.nseindia.com/corporate/sab65d_09102025122008_financials.pdf

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