GM Breweries jumped 7.55% to Rs 332.45 after the company said it received a license to manufacture hand sanitisers from Food & Drugs Administration (FDA), (Maharashtra).
GM Breweries has received a license to manufacture hand sanitisers from Food & Drugs Administration (FDA), (Maharashtra State, Thane) which is valid from 31 March to 30 June 2020. The company said the commercial production of hand sanitizers will commence shortly. The announcement was made after market hours yesterday, 31 March 2020.
GM Breweries' consolidated net profit dropped 16.34% to Rs 13.98 crore on a 3.96% fall in net sales to Rs 119.62 crore in Q3 December 2019 over Q3 December 2018.
GM Breweries is engaged in manufacturing and marketing of alcoholic beverages such as country liquor (CL) and Indian made foreign liquor (IMFL).
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app