Buy GM Breweries; target of Rs 1250: Firstcall

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26 Aug, 2025 12:21

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Firstcall's research report on GM BreweriesGM Breweries was incorporated in the year December 1981. The company is engaged in the manufacture of alcoholic liquor. It blends and bottles alcoholic liquor and concentrates more on country liquor. GMBL is having a state of the art fully automatic Bottling Plant at Virar, District Thane, in the state of Maharashtra with a capacity to produce about 50,000 cases a day. Initially The Company started producing 200 cases a day which has now reached to more than 50,000 cases a day. The country liquor industry producers were producing only 750 & 375 ml bottles only in the old days but it was Mr. Jimmy Almeida who introduced 180 ml bottles in the country liquor industry. Further he was pioneer in introducing pet bottles to the country liquor industry. During the past three years, the Company has started using 180 Ml Glass bottles embossed with its Registered Logo and also taken adequate legal steps to ensure that, these bottles are not used by other liquor manufacturers. These measures have resulted in larger inflow of recycled bottles which has in turn helped the Company to cut overall cost of packing materials. The company markets its products brandy, rum and whiskey under brand names Pioneer Doctor Brandy, Pioneer Special Doctor Brandy, Hot Shot Rum and Reporter Choice Whiskey. The company has imported Oakwood barrels to mature the whiskey in order to impart the liquor with the correct character, color, strength and distinctive taste. The company has a major presence in Mumbai, Navi Mumbai and Thane and is the single largest manufacturer of country liquor in Maharashtra. The company has capacity to process 13.76 crore bulk litres of country liquor per annum out of which only about 45.43 % has been utilized last year. The company has got tremendous potential to utilize the balance capacity by penetrating into interior districts of Maharashtra taking advantage of its brand image.We recommend ‘BUY’ in this particular scrip with a target price of Rs. 1250.00 for Medium to Long term investment.For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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