Shares of GM Breweries rallied sharply by over 5% after the liquor manufacturer delivered a strong operational and financial performance for the third quarter, reinforcing positive sentiment around the stock.
For the December quarter, GM Breweries posted a net profit of ₹42 Cr, marking a sharp 91% year-on-year growth compared to ₹22 Cr in the corresponding quarter last year. The strong rise in earnings reflects higher volumes, improved pricing and tighter cost management, all of which contributed to enhanced bottom-line performance.
Revenue for Q3 stood at ₹202.5 Cr, registering a healthy 22% year-on-year increase from ₹165.9 Cr reported in the same period of the previous financial year. The topline growth was supported by consistent traction across key product categories and better realisations, indicating stable consumer demand despite a competitive market environment.
Operating performance showed an equally impressive improvement. EBITDA surged 80% year-on-year to ₹53 Cr, up from ₹30 Cr in Q3 last year. The sharp increase highlights stronger operating efficiency, a favourable product mix and disciplined control over input and operating costs during the quarter.
Profitability metrics also strengthened meaningfully, with EBITDA margins expanding to 26.1% in Q3 compared to 17.8% a year earlier.