Shares of GM Breweries Limited slipped 3.82% to Rs 875.35 in Friday’s early trade on the NSE, amid profit booking following a sharp rally in the previous session. The stock had surged nearly 14% on Thursday, driven by the company’s robust Q2 FY26 results that reflected strong earnings growth and margin expansion.
GM Breweries had reported a 59% year-on-year (YoY) jump in net profit to Rs 35 crore, compared to Rs 22 crore in the same quarter last year. Revenue (net of excise duty, VAT, and TCS) increased 22% YoY to Rs 181 crore, while EBITDA rose 61% YoY to Rs 45 crore, with margins improving to 24.9% from 18.8%.
The strong performance had pushed the stock to a new 52-week high of Rs 916.90 on Thursday, adding over Rs 1,000 crore to its market capitalization, which now stands at Rs 1,981 crore.
However, traders booked profits today after the sharp rally, leading to a temporary pullback in the stock price. Analysts said the underlying fundamentals remain strong, supported by consistent demand and margin improvement in the liquor segment.
At the time of writing, GM Breweries shares were trading at Rs 875.35, down Rs 34.75 from the previous close of Rs 910.10.
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