Mumbai, India — April 9, 2026
GM Breweries Ltd reported mixed financial results for the fourth quarter of FY2026, with a decline in net profit despite strong growth in revenue and operating performance.
Profit Declines Despite Strong Revenue Growth
The company posted a net profit of ₹54.07 crore for Q4 FY26, marking a 10.56% year-on-year (YoY) decline from ₹60.46 crore in the corresponding quarter last year.
However, revenue from operations showed robust growth, rising 22.46% YoY to ₹812.09 crore, compared to ₹663.12 crore in Q4 FY25, indicating strong demand and sales momentum.
EBITDA and Margins Improve Significantly
GM Breweries reported a sharp improvement in operating performance, with EBITDA surging 82.52% to ₹52.41 crore.
The company’s EBITDA margin expanded to 6.45%, up from 4.33% in the previous year, reflecting improved efficiency and cost management.
₹7 Per Share Dividend Recommended
The board of directors has recommended a final dividend of ₹7 per equity share for FY2025-26, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Full-Year FY26 Performance
For the full financial year, GM Breweries reported strong growth:
- Net profit: ₹180.22 crore (up from ₹151.48 crore in FY25)
- Total revenue: ₹2,845.30 crore (up from ₹2,422.15 crore)
The annual performance highlights steady expansion despite quarterly fluctuations.
Market Reaction
Despite strong revenue and margin improvement, investor sentiment remained cautious due to the decline in quarterly profit.
Shares of GM Breweries ended the trading session on the NSE about 3.45% lower at ₹999, reflecting market concerns over profitability trends.
Outlook
While the company continues to benefit from strong demand and operational gains, analysts suggest that sustained profit growth will be key to improving investor confidence in the coming quarters.
