G M Breweries slides after Q2 PAT declines 3% YoY

G M Breweries dropped 4.83% to Rs 818.30 after the company's net profit decline 3.12% to Rs 21.67 crore in Q2 FY25 as against Rs 22.37 crore posted in Q2 FY24.

Revenue from operations (excluding excise duty) shed by 1.69% year on year to Rs 149 crore in the quarter ended 30 September 2024.

As compared to Q1 FY25, the company's net profit decreased by 13.11% and revenue fell by 2.23% in Q2 FY25.

Profit before tax stood at Rs 28.97 crore in the quarter ended 30 September 2024, down 1.69% as against Rs 29.47 crore recorded in Q2 FY24.

Total expenses increased 0.63% to Rs 569.84 crore in Q2 FY25 as compared with Rs 566.29 crore in Q2 FY24. Raw material consumed stood at Rs 107.30 crore (down 4.26% YoY), employee benefit expenses was at Rs 2.59 crore (up 1.57% YoY) during the period under review.

On half-year basis, the company's net profit rose 10.24% to Rs 46.61 crore on 1% increase in revenue to Rs 30,140 crore in H1 FY25 over H1 FY24.

G M Breweries is engaged in the activities of manufacturing and marketing of alcoholic beverages such as country liquor (CL) and Indian made foreign liquor (IMFL). The company is the largest manufacturer of country liquor in the state of Maharashtra with a sizeable market share.

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