Hot Pursuit     12-Apr-22
G M Breweries slumps after Q4 PAT falls 12% YoY
G M Breweries tumbled 5.20% to Rs 673.10 after the company reported 11.6% fall in net profit to Rs 40.08 crore despite a 11.2% rise in total revenue from operations to Rs 142.03 crore in Q4 FY22 over Q4 FY21.

Raw material costs increased by 20.1% to Rs 109.53 crore in Q4 FY22 from Rs 91.18 crore in Q4 FY21.

Profit before tax in Q4 FY22 stood at Rs 46.86 crore, down by 12.6% from Rs 53.61 crore in Q4 FY21.

The company recorded 16.6% rise in net profit to Rs 93.36 crore on a 34.8% in total revenue from operations to Rs 458.47 crore in FY22 over FY21.

The company's board has recommended a dividend of Rs 5 per share.

G M Breweries is engaged in the activities of manufacturing and marketing of alcoholic beverages such as country liquor (CL) and Indian made foreign liquor (IMFL). The company is the largest manufacturer of country liquor in the state of Maharashtra with a sizeable market share.

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