GM Breweries Q4 Profit Falls 30% Despite Higher Revenue and Margin Gains

Mumbai-based liquor manufacturer GM Breweries Ltd posted a 30% year-on-year decline in net profit for the fourth quarter ended March 31, 2025. The decline was attributed to a rise in input costs, which impacted profitability despite gains in both revenue and operating margins. The company’s board also recommended a final dividend of ₹7.5 per equity share for FY25.

Q4 Financial Performance

GM Breweries reported a standalone net profit of ₹60.5 crore in Q4 FY25, compared to ₹86.6 crore in the corresponding quarter of the previous fiscal year. Revenue for the quarter rose 6% to ₹169.3 crore, up from ₹159.6 crore in Q4 FY24.

The company’s EBITDA (earnings before interest, taxes, depreciation, and amortisation) increased by 17% year-on-year to ₹29 crore. Operating margin stood at 17.2%, an improvement from 15.5% a year ago, indicating better operational efficiency.

Dividend Announcement

The board of directors recommended a final dividend of ₹7.5 per equity share, representing 75% of the face value, for the financial year ending March 31, 2025. The dividend payout is subject to shareholder approval at the upcoming annual general meeting.

Company Overview

Founded in 1981, GM Breweries is a prominent player in Maharashtra’s country liquor market. It manufactures and markets alcoholic beverages under several well-known brands, including G.M. Santra, G.M. Doctor, and G.M. Limbu Punch. The company produces both country liquor and Indian-made foreign liquor (IMFL), targeting the mass-market segment.

GM Breweries operates a manufacturing facility located in Thane, Maharashtra. The company benefits from a robust distribution network within the state, focusing on low-cost, high-volume products aimed at price-sensitive consumers.

Regional Focus and Strategy

The company’s operations are concentrated within Maharashtra, which remains its primary market. This regional focus allows GM Breweries to maintain strong supply chain control and cost efficiencies. It continues to invest in manufacturing automation and capacity enhancement to support volume growth.

GM Breweries Share Price Performance

On April 15, 2025, GM Breweries share price opened at ₹657.00, higher than the previous close of ₹641.90. By the end of the trading session, the share was priced at ₹654.00 on the NSE, reflecting a 1.89% intraday gain. The stock’s 52-week high was ₹1,049.00 on September 17, 2024, while the 52-week low stood at ₹579.95 on March 3, 2025.

Conclusion

GM Breweries ended the March quarter with mixed results, showing resilience in revenue and margins despite cost pressures. The final dividend recommendation underscores stable shareholder returns as the company continues to maintain its position in the Maharashtra liquor market.

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