GM Breweries Q3 net profit dips 3% to Rs 22 crore

GM Breweries Q3 net profit dips 3% to Rs 22 crore

GM Breweries on January 7 said its net profit fell 3% to Rs 22 crore for the quarter ended December 31, 2024 as against Rs 22.6 crore a year ago.

GM Breweries’ revenue from operations jumped around 4% year-over-year to Rs 644 crore in Q3 as against Rs 618 crore in the year-ago period.

The total income of the company stood at Rs 645.21 crore in Q3. This is nearly 3% higher than Rs 625.08-crore total income reported in the same period a year ago.

The shares of GM Breweries were trading flat after the results announcement. At 1:55 pm, the shares were trading 0.34% lower at Rs 794 apiece.

GM Breweries was founded in 1981. The company manufactures and markets alcoholic beverages like country liquor (CL) and Indian-made foreign liquor (IMFL).