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GM Breweries Q2 FY27 results: net profit ₹39.29 crore
GM Breweries Limited reported consolidated revenue of ₹860.62 crore and a net profit of ₹39.29 crore for Q2 FY27. Revenue rose 7.2% from Q1 FY27, while the EBITDA margin remained at 5.8%. The results were announced on 8 October 2026.
Key points
- Consolidated revenue was ₹860.62 crore in Q2 FY27, up 7.2% from ₹802.90 crore in Q1 FY27.
- EBITDA was ₹49.91 crore, up 7.4% from ₹46.45 crore, while the EBITDA margin was unchanged at 5.8%.
- Net profit was ₹39.29 crore, up 4.1% from ₹37.74 crore in the previous quarter.
- Basic EPS rose to ₹17.20 from ₹16.52 in Q1 FY27.
- Total assets were ₹1,284.73 crore at 30 September 2026, compared with ₹1,225.42 crore at 31 March 2026.
How did GM Breweries perform in Q2 FY27?
GM Breweries reported consolidated revenue of ₹860.62 crore in Q2 FY27, against ₹802.90 crore in Q1 FY27, a rise of ₹57.72 crore or 7.2%. Total income increased 7.0% to ₹864.76 crore from ₹808.45 crore. No year-ago quarter comparison was available in the provided figures.
EBITDA for Q2 FY27 was ₹49.91 crore, up ₹3.46 crore or 7.4% from ₹46.45 crore in Q1 FY27, while the EBITDA margin was unchanged at 5.8%. Profit before tax rose 4.1% to ₹52.51 crore from ₹50.43 crore, and net profit increased 4.1% to ₹39.29 crore from ₹37.74 crore. Basic EPS was ₹17.20, compared with ₹16.52.
The quarter’s figures are consolidated. On a standalone basis, revenue was ₹860.62 crore, up 19.9% from ₹34.89 crore for profit attributable before the stated comparison, while standalone profit was ₹39.29 crore. The company reported no exceptional item for the quarter.
| ₹ crore | Q2 FY27 | Q1 FY27 | QoQ |
|---|---|---|---|
| Revenue from operations | 860.62 | 802.90 | +7.2% |
| Other income | 4.14 | 5.55 | −25.4% |
| Total expenses | 812.25 | 758.02 | +7.2% |
| EBITDA | 49.91 | 46.45 | +7.4% |
| EBITDA margin | 5.8% | 5.8% | +0.0 pp |
| Profit before tax | 52.51 | 50.43 | +4.1% |
| Tax | 13.22 | 12.69 | +4.2% |
| Net profit | 39.29 | 37.74 | +4.1% |
| EPS (₹) | 17.20 | 16.52 | +4.1% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets stood at ₹1,284.73 crore, compared with ₹1,225.42 crore at 31 March 2026. Total equity was ₹1,136.90 crore, compared with ₹1,078.26 crore. Borrowings remained at ₹0 crore on both dates, while cash and cash equivalents were ₹0.83 crore, compared with ₹1.57 crore.
Inventories were ₹33.14 crore at the end of Q2 FY27, compared with ₹34.24 crore at 31 March 2026. Trade receivables increased to ₹5.06 crore from ₹2.24 crore, and trade payables were ₹24.80 crore against ₹11.10 crore. The filing stated that total financial indebtedness was nil.
For H1 FY27, net cash from operating activities was ₹95.53 crore, while investing activities used ₹77.77 crore and financing activities used ₹18.50 crore. No comparable prior-year cash-flow figures were provided in the facts, so a year-earlier comparison cannot be stated.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 1,285 | 1,225 |
| Total equity | 1,137 | 1,078 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 0.83 | 1.57 |
| Inventories | 33.14 | 34.24 |
| Trade receivables | 5.06 | 2.24 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 |
|---|---|
| Cash from operations | 95.53 |
| Cash from investing | −77.77 |
| Cash from financing | −18.50 |
| Capital expenditure | 0 |
Source: Company's results filing (XBRL).
How did GM Breweries shares react?
After the filing appeared, the stock was down 6.2% after five minutes, down 4.9% after 15 minutes and down 5.3% after 30 minutes. From the previous close, it fell 9.7% on the reaction day. By the next day’s close, it was down 10.3% from its pre-results close, and by the five-session close, it was down 12.3%.
On the reaction day, the Breweries & Distilleries industry median move was down 2.0%, while GM Breweries’ move was 7.8 percentage points lower than the industry median. The next-day and five-session comparisons were also lower than the industry median by 8.5 percentage points and 11.4 percentage points, respectively.
Earlier results-day moves were mixed: the stock was up 0.6% on 9 July 2026, down 3.5% on 9 April 2026, down 5.3% on 6 January 2026 and up 17.3% on 9 October 2025. Earlier moves were also recorded on 15 July 2025, 15 April 2025, 7 January 2025 and 10 October 2024.
| After the filing | Stock | Breweries & Distilleries median |
|---|---|---|
| 5 minutes | −6.2% | |
| 15 minutes | −4.9% | |
| 30 minutes | −5.3% | |
| Reaction day | −9.7% | −2.0% |
| Next day | −10.3% | −1.8% |
| 5 days | −12.3% | −0.9% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 9 July 2026 | +0.6% |
| 9 April 2026 | −3.5% |
| 6 January 2026 | −5.3% |
| 9 October 2025 | +17.3% |
| 15 July 2025 | −4.2% |
| 15 April 2025 | +1.1% |
| 7 January 2025 | −0.3% |
| 10 October 2024 | −5.5% |
Source: MarketPing price-reaction measurement.
How did other Breweries & Distilleries companies do?
Six other Breweries & Distilleries companies were compared. Their median revenue growth was 2.1%. The data did not provide the number of peers that grew slower or faster than GM Breweries, so those counts cannot be stated. Four of seven peers reported higher profit.
| GM Breweries revenue growth (YoY) | not comparable |
|---|---|
| Median of 6 other Breweries & Distilleries companies | +2.1% |
| Companies whose net profit rose | 4 of 7 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was GM Breweries' revenue in Q2 FY27?
Revenue from operations was ₹860.62 crore (consolidated).
Did GM Breweries make a profit in Q2 FY27?
Yes. Net profit was ₹39.29 crore.
What was GM Breweries' EPS in Q2 FY27?
Basic earnings per share were ₹17.20.
How did GM Breweries shares react to the Q2 FY27 results?
On the reaction day the stock moved −9.7% from the previous close; the median Breweries & Distilleries stock moved −2.0%.
When did GM Breweries announce its Q2 FY27 results?
On 8 October 2026, in a filing to the BSE.
Sources
- Un-Audited Financial Results For The Quarter Ended 30-09-2026 (BSE, 8 October 2026) · PDF
- Board Meeting Outcome for Un-Audited Financial Results For The Quarter Ended 30-09-2026 (BSE, 8 October 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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