Mumbai, January 7, 2025
G. M. Breweries Limited (NSE: GMBREW, BSE: 507488) announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The company reported steady revenue growth, maintaining profitability despite rising input costs.Key Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY25 (Dec 31, 2024) | Q2 FY25 (Sep 30, 2024) | Q3 FY24 (Dec 31, 2023) | 9M FY25 (Apr-Dec 2024) | 9M FY24 (Apr-Dec 2023) | FY24 (Mar 31, 2024) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 64,419 | 59,578 | 61,820 | 1,84,056 | 1,79,206 | 2,41,530 |
| Total Income | 64,521 | 59,881 | 61,828 | 1,84,628 | 1,79,762 | 2,49,853 |
| Total Expenses | 61,586 | 56,984 | 59,130 | 1,75,660 | 1,67,560 | 2,31,442 |
| Profit Before Tax (PBT) | 2,935 | 2,897 | 2,698 | 8,968 | 8,608 | 18,411 |
| Profit After Tax (PAT) | 2,197 | 2,167 | 2,260 | 6,958 | 6,488 | 15,152 |
| Earnings Per Share (EPS) ₹ | 9.61 | 9.48 | 12.57 | 30.01 | 35.50 | 82.70 |
Performance Overview
- Revenue Growth: Q3 FY25 revenue increased 4.2% YoY to ₹64,419 lakh, driven by higher sales volumes in the country liquor segment.
- Stable Profitability: PAT stood at ₹2,197 lakh, slightly lower YoY, primarily due to increased material costs and tax provisions.
- Expense Trends: Total expenses rose 4.2% YoY, reflecting the impact of raw material price inflation and increased excise duties.
- EPS Impact: The lower EPS for Q3 FY25 (₹9.61) reflects the bonus issue in May 2024, which increased share capital in a 1:4 ratio.
Segment-Wise Performance
G. M. Breweries operates exclusively in the country liquor segment, contributing to its streamlined cost structure and focused growth strategy.Corporate Announcements
- Bonus Issue: The company issued a 1:4 bonus share issue in May 2024, impacting earnings per share calculations.
- Dividend Declaration: No dividend announcement was made for this quarter.
- Tax Provisions: Includes current tax adjustments in line with regulatory requirements.
Management Commentary
Jyoti Almeida, Executive Director of G. M. Breweries, stated:"We continue to witness steady demand in the country liquor market. While input costs remain a challenge, our focus on operational efficiencies and strategic pricing has helped maintain profitability. We remain committed to sustainable growth and delivering value to shareholders."
Strategic Outlook
- Expansion Plans: The company is looking to enhance production capacity to cater to rising demand.
- Cost Management: Emphasis on mitigating raw material price volatility through efficient sourcing.
- Market Positioning: Maintains a strong presence in the country liquor segment with a focus on brand consolidation.
Limited Review Report
The financial results have been reviewed by V. P. Mehta & Co., Chartered Accountants, with no material misstatements noted.With a steady performance in Q3 FY25, G. M. Breweries remains on track to close the financial year with robust revenue and profit margins, despite macroeconomic headwinds.