G M Breweries Q2 Results Reports ₹59,881 Lakhs Revenue

G M Breweries Q2 Results: GM Breweries announced its Q2 results on October 10, 2024, showing a mixed financial performance. The company’s revenue saw a small increase of 0.22% compared to the same time last year. However, its profit decreased by 3.13%, which is concerning for investors. When looking at the previous quarter, revenue dropped by 0.8%, and profit fell sharply by 13.11%. This decline raises worries about the company’s ability to grow in the future.

GM Breweries managed to reduce its Selling, General & Administrative (SG&A) expenses by 0.38% compared to the last quarter, but these costs rose by 1.57% compared to last year. This indicates that while the company is trying to control costs, overall expenses are still higher than before. Operating income also faced difficulties, decreasing by 13.12% from the previous quarter and 7.8% year-over-year. This shows that the industry is competitive, and GM Breweries may need to adjust its strategies.

G M Breweries’ Earnings per share (EPS) for Q2 were ₹9.48, down by 22.49% compared to last year. Despite these challenges, GM Breweries has had a good long-term performance, with a 32.5% return over the last six months and a 44.11% return for the year so far. 

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G M Breweries Q2 Results

G M Breweries’ Total Revenue from operations was ₹59,881 lakhs in the quarter ended September 30, 2024, which includes sales and other operating income. This figure is slightly lower compared to the previous quarter, which was ₹60,422 lakhs. However, it shows a stable revenue stream compared to the same quarter last year, where it was ₹59,576 lakhs. 

G M Breweries’ Total Expenses for the same quarter were ₹56,984 lakhs, indicating a slight decrease from ₹57,090 lakhs in the previous quarter. This decline in expenses helped the company maintain a profit of ₹2,167 lakhs for the quarter, although this was lower than the profit of ₹2,494 lakhs in the previous quarter.

G M Breweries’ total revenue was ₹1,20,303 lakhs for the half-year ended September 30, 2024, which is a growth compared to ₹1,17,622 lakhs for the previous half-year. The profit for this period was ₹4,661 lakhs. Overall, G M Breweries shows stable financial performance with consistent revenues and profits over the periods, despite some fluctuations in specific quarters.

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G M Breweries Stock Metrics

G M Breweries has a market capitalization of ₹1,841 crores, which shows the total value of the company in the stock market. The current stock price is ₹806, and the highest price it reached was ₹1,049, while the lowest was ₹464. The stock's price-to-earnings (P/E) ratio is 11.8, indicating how much investors are willing to pay for each unit of earnings. The book value is ₹375, showing the company's net asset value per share. It offers a dividend yield of 0.69%, meaning shareholders receive this percentage as a dividend. 

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Quarterly Results

In the quarters of March, June, and September 2024, G M Breweries showed varying financial performance. In March 2024, sales reached Rs. 160 crores, the highest among the three quarters, while expenses were Rs. 135 crores. This resulted in an operating profit of Rs. 25 crores and a strong net profit of Rs. 87 crores. However, in June 2024, sales dropped to Rs. 152 crores, and expenses decreased to Rs. 121 crores, leading to a higher operating profit of Rs. 31 crores but a lower net profit of Rs. 25 crores.

Here’s the data for the quarters of March 2024, June 2024, and September 2024:

About G M Breweries

G.M. Breweries is a well-known company in India, established in 1981 by Shri Jimmy William Almeida. The company focuses on making and selling alcoholic beverages, especially country liquor (CL) and Indian made foreign liquor (IMFL). Mr. Almeida's goal was to provide high-quality country liquor to regular people at the lowest possible prices. 

GMBL has grown steadily and gained a loyal customer base. It is now the largest manufacturer of country liquor in Maharashtra, holding a significant market share. The company’s success not only helps its customers enjoy good liquor but also contributes to the state’s finances through excise duty and value-added tax. GMBL's commitment to quality and affordability has made it a trusted name in the alcoholic beverage industry, making it a vital player in the local economy.