GM Breweries Ltd
- P/E
- 10.4x
- 52-week range
- 775 – 1,328.8
- ROE
- 13%
- ROCE
- 18%
- Sector
- Beverages
- Industry
- Breweries & Distilleries
- Listed on
- NSE, BSE
About
G M Breweries Limited is an India-based alcoholic beverage company engaged in the manufacture of alcoholic liquor. The Company is primarily engaged in the manufacturing and marketing of country liquor (CL) and Indian-made Foreign Liquor (IMFL). The Company's brands include G.M.SANTRA, G.M.DOCTOR, G.M.LIMBU PUNCH, and G.M.DILBAHAR SOUNF. It has a bottling plant in Virar, Maharashtra with a capacity of producing approximately 50,000 cases per day. The Company has the facility to blend and bottle both Indian-made foreign liquor and country liquor.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Breweries & Distilleries: 28 companies →GM Breweries Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)10.4 against a typical 38: cheaper than most peers (1st = cheapest).7th of 27
- Sales growth+18.2% against a typical +11.8% from a year earlier.9th of 25
- Profit growth+11.4% against a typical +10.1% from a year earlier.9th of 20
- Share price, 3 months−11.4% against a typical −7.9%.17th of 28
Latest announcements
Exchange filings and their impact on the company.
- Strong Q2 with about 20% sales growth and 13% profit growth keeps double-digit growth intact despite softer margins.
G M Breweries reported Q2 ended September 2026 gross sales of Rs 860.6 crore, up 19.9% YoY, with net profit of Rs 39.29 crore, up 12.6% YoY and EPS of Rs 17.20. For H1, gross sales were Rs 1663.5 crore, up 22.7%, and net profit was Rs 77.03 crore, up 26.8%. Growth remains strong on country liquor volumes, though higher other expenses trimmed operating margins, and the debt-free balance sheet remains intact.
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 8 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 9 Jul 2026 | Financial Results | To consider and approve the Un-Audited financial results for the period ended Jun 30, 2026 |
| 9 Apr 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 6 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 11 Nov 2025 | Other business matters | To consider other business matters |
| 9 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 157 | 160 | 152 | 149 | 166 | 169 | 163 | 181 | 202 | 202 | 200 | 214 |
| Expenses | 132 | 135 | 121 | 121 | 136 | 141 | 132 | 136 | 150 | 150 | 153 | 164 |
| Operating Profit | 25 | 25 | 31 | 28 | 30 | 29 | 31 | 45 | 53 | 52 | 46 | 50 |
| OPM % | 16% | 16% | 21% | 18% | 18% | 17% | 19% | 25% | 26% | 26% | 23% | 23% |
| Other Income | 7 | 71 | 4 | 3 | 1 | 40 | 5 | 3 | 5 | 17 | 6 | 4 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 31 | 95 | 33 | 29 | 29 | 68 | 35 | 47 | 56 | 68 | 50 | 53 |
| Tax % | 26% | 8% | 25% | 25% | 25% | 12% | 25% | 25% | 25% | 21% | 25% | 25% |
| Net Profit | 23 | 87 | 25 | 22 | 22 | 60 | 26 | 35 | 42 | 54 | 38 | 39 |
| EPS in Rs | 9.91 | 38 | 10.92 | 9.48 | 9.62 | 26.46 | 11.32 | 15.27 | 18.39 | 23.67 | 16.52 | 17.2 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 8%
- 5 Years
- 17%
- 3 Years
- 8%
- TTM
- 20%
- 10 Years
- 9%
- 5 Years
- 11%
- 3 Years
- 10%
- TTM
- 21%
- 10 Years
- 9%
- 5 Years
- 5%
- 3 Years
- 16%
- TTM
- —
- 10 Years
- 17%
- 5 Years
- 15%
- 3 Years
- 15%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| GM Breweries Ltd | ₹ 800.00 | — | 10.4x | — | 13% | — |
| United Spirits | ₹ 1,255.60 | ₹ 91,326 Cr. | 56.2x | 11.3x | 0% | 0% |
| Radico Khaitan | ₹ 4,170.00 | ₹ 55,873 Cr. | 95.2x | 17.6x | 0% | 0% |
| United Breweries | ₹ 1,143.85 | ₹ 30,246 Cr. | 89.2x | 7.3x | 0% | 0% |
| Allied Blenders and Distillers | ₹ 674.30 | ₹ 18,913 Cr. | 77.3x | 10.6x | 0% | 0% |
| Tilaknagar Industries | ₹ 490.70 | ₹ 12,144 Cr. | 44.8x | 4.3x | 0% | 0% |
Management
- Jimmy Almeida
- Executive Chairman of the Board, Managing Director
- S. Swaminathan
- Chief Financial Officer
- Jyoti Jimmy Almeida
- Executive Whole Time Director
- Kiran Yashawant Parashare
- Executive Non-Independent Director
Prices are delayed and for information only. Nothing on this page is investment advice.