GM Breweries Q4 profit tumbles 30%, board proposes ₹7.5 dividend per share

GM Breweries Ltd on Friday reported a 30% drop in fourth-quarter profit, as rising input costs dented bottom-line performance, even as revenue and operating margins improved. The board also recommended a final dividend of ₹7.5 per equity share, or 75% of face value, for the fiscal year.

The Mumbai-based liquor maker posted a standalone net profit of ₹60.5 crore for the quarter ended March 31, down from ₹86.6 crore a year earlier.

Revenue rose 6% to ₹169.3 crore, while earnings before interest, taxes, depreciation and amortisation (EBITDA) climbed 17% to ₹29 crore. Operating margin improved to 17.2% from 15.5%.

GM Breweries, founded in 1981 and headquartered in Mumbai, is a key player in Maharashtra’s country liquor market. The company manufactures and markets alcoholic beverages including country liquor and Indian-made foreign liquor (IMFL), with popular brands such as G.M. Santra, G.M. Doctor, and G.M. Limbu Punch.

Its operations are primarily concentrated in Maharashtra, where it has a strong distribution network and a manufacturing facility in Thane. The company caters predominantly to the mass-market segment with low-cost, high-volume products aimed at price-sensitive consumers.

Shares of the company were trading 1.7% higher at 1:36 pm at ₹652.70 on Tuesday.