GM Breweries Ltd. reported a 30% year-on-year (YoY) decline in its net profit for the fourth quarter ended March 2025, coming in at ₹60.5 crore compared to ₹86.6 crore in the same quarter last year. The drop in profit comes despite healthy top-line and operating performance.

The company’s revenue for the quarter rose 6% YoY to ₹169.3 crore, up from ₹160 crore in Q4 FY24. Operational efficiency was reflected in the EBITDA, which climbed 17% YoY to ₹29 crore from ₹25 crore. The EBITDA margin also improved, reaching 17.2% in Q4 FY25 versus 15.5% in the year-ago period.

The decline in bottom-line performance despite better margins and revenue growth suggests higher costs, exceptional items, or taxation impact weighed on profits. Investors will closely watch management commentary for insights into demand outlook and input cost pressures.