GM Breweries’ quarterly PAT down 11%
By HDFC SKY | Updated at: Apr 10, 2026 06:06 PM IST
Mumbai, April 9: The net profit after tax (PAT) of beverages maker GM Breweries fell by 10.56% to ₹54.07 crore in the fourth quarter of FY2025-26.
In the same period last year, the profit after tax stood at ₹60.46 crore. Revenue from operations rose by 22.46% to ₹812.09 crore in the March 2026 quarter, against ₹663.12 crore in the same quarter of the previous year. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 82.52% to ₹52.41 crore in Q4 FY26 as against ₹28.71 crore a year ago. EBITDA margin stood at 6.45% against 4.33% in the same period last year, the company said in a BSE filing on Thursday.
For the full year ended March 31, 2026, the company registered a consolidated net profit of ₹180.22 crore, which is a steady growth over ₹151.48 crore in the previous year. Revenue from operations during the year saw a robust increase to ₹2,845.30 crore for the FY26, compared to ₹2,422.15 crore in the FY25. Annual EBITDA improved significantly to ₹212.45 crore, driven by better operational efficiencies, resulting in a full-year EBITDA margin of 7.47%.
| Parameter | Q4 FY 2025-26 | Q4 FY 2024-25 | Y-o-Y Change (%) |
| Net Profit | ₹54.07 Cr | ₹60.46 Cr | -10.56% |
| Revenue | ₹812.09 Cr | ₹663.12 Cr | +22.46% |
| EBITDA | ₹52.41 Cr | ₹28.71 Cr | +82.52% |
| EBITDA Margin | 6.45% | 4.33% | +212 bps |
Stock Movement
The stock was under selling pressure in the afternoon trade session. The stock was trading 1.75% lower at ₹1,012 apiece on the NSE at 1:10 pm. Intraday, the stock has plunged as much as 4% to ₹988 per unit.
The scrip has declined 4.08% in the past week, while it has gained 4.95% in a month. On a year-to-date basis, it is down 16.26%. The stock hit a 52-week low of ₹630 on May 9, 2025, and hit a year’s high of ₹1,328.80 per unit on January 6, 2026.
The significant increase in revenue from operations might not have fully offset the impact of higher input costs, which could have exerted pressure on the company’s net profit margins, thus resulting in a lower net profit for the quarter. The divergence between the strong growth in operational revenue and the dip in quarterly net profit appears to have kept investors cautious, as the market parses the impact of rising input costs on the company’s bottom line.
Sources:
- https://www.bseindia.com/xml-data/corpfiling/AttachLive/fee392a2-963c-42f8-9087-f024fb536c03.pdf
- https://www.nseindia.com/get-quote/equity/GMBREW/GM-Breweries-Limited
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