Jul 10, 2024
By: Ira Alok Puranik
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GM Breweries are prominent manufacturers and marketers of alcoholic beverages in the country and are involved in making country and Indian-made foreign liquor (IMFL). It is also the largest manufacturer of country liquor in Maharashtra. Some of its brands include GM Santra, Doctor, Limbu Punch and Dilbahar Sounf
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Established in 1981, the company was listed on the stock exchange on August 23, 1995. Jimmy Almeida serves as the chairperson & Executive Director of the company.
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GM Breweries, which announced its Q1FY25 results yesterday, reported net profits worth Rs 24.9 crore for April-June 2o24, marking a 25% YoY growth. Its quarterly revenue from operations also saw a YoY growth of 3.8%, standing at Rs 152.4 crore from Rs 147 crore a year ago.
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The company's net profits also increased by 25% to stand at Rs 24.9 crore in the first quarter of FY25. Last year, the profits for the same period were Rs 19.9 crore. Its EBITDA (Earnings before interest, tax, depreciation, and amortization) also surged to 20.3% this quarter, up from 17.7% same quarter last year
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The company's total expenses inched up marginally this quarter to stand at Rs 570.9 crore, up by 3% from Rs 553.9 crore last year. The company is debt-free and has a market capitalization of Rs 1,971.80 crore on NSE.
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In May 2024, the company announced a bonus issue in the ratio of 1:4. This means the shareholders received one fully paid-up share for every existing 4 shares they held.
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As of 10th July, the company's stock was trading at Rs 867.05, down by 2.39%. Over the last 5 days, the company's stock prices have dipped by 3.32%. GM Breweries stocks touched a 52-week high price of Rs 948 on July 3, 2024. It hit its 52-week low of Rs 456 in August 2023.
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Over the last 1 month, the stock has zoomed by 35%. It has also yielded year-to-date returns of about 50.34%. Over the last year, it has provided returns of about 84.68%, while over a 5-year period, this figure stands at 157.80%
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