GM Breweries Q1 Net Profit Jumps 45.6% to Rs 37.7 Crore; Stock Rallies 6%
Indian liquor maker GM Breweries posted Q1 revenue of Rs 200 crore, up 25.8% YoY, with net profit climbing 45.6% to Rs 37.7 crore. EBITDA rose 52% to Rs 46.4 crore as margins expanded to 23.2% from 18.7%. Shares gained over 6% intraday to Rs 971.55 on the results.
GM Breweries, an Indian liquor maker, posted Q1 net profit up 45.6% YoY to Rs 37.7 crore and revenue up 25.8% to Rs 200 crore, with margins expanding. Shares rallied over 6% on results.