GM Breweries LimitedGMBREWCorporate

Breweries & Distilleries Latest results: Sep 2026 6 quarters of data

₹867.75

MCap ₹1,983 Cr · P/E 11.4

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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.

₹214 Cr

Sales · Sep 2026

₹50 Cr

Operating Profit · Sep 2026

23.4%

OPM % · Sep 2026

₹39 Cr

Net Profit · Sep 2026

₹17.20

EPS · Sep 2026

📝 GM Breweries Limited — results explained

Quarter ended September 2026 (Q2 FY27)

GM Breweries Limited reported revenue of ₹214 crore for the quarter ended September 2026 (Q2 FY27), and up 6.8% sequentially over the June 2026 quarter.

Net profit stood at ₹39 crore. Earnings per share (EPS) came in at ₹17.20.

Operating profit stood at ₹50 crore — an operating margin (OPM) of 23.4%.

Full year and trailing twelve months

For the full year FY26, GM Breweries Limited posted revenue of ₹567 crore, with a net profit of ₹122 crore.

On a trailing-twelve-month (TTM) basis, revenue stands at ₹818 crore with a net profit of ₹173 crore.

Valuation snapshot

At the current price of ₹867.75, GMBREW has a market capitalisation of ₹1,983 crore and a trailing P/E of about 11.4.

Within the Breweries & Distilleries industry, it is the 3rd-largest of the 20 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 74.43%, foreign institutional investors (FIIs) 0.74%, public shareholders 24.83% of GM Breweries Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹1,983 Cr

Current Price ?

₹867.8

P/E ?

11.44below ind

Industry P/E ?

23.60

P/B ?

1.74

P/S ?

2.43

P/FCF ?

-17.39

Enterprise Value ?

N/A

EV/EBITDA ?

N/A

PEG ?

N/A

Earnings Yield ?

8.7%

Dividend Yield ?

1.06%

Profitability & Returns

Sales (TTM) ?

₹818 Cr

OPM ?

24.6%

Profit after tax (TTM) ?

₹173 Cr

EPS (TTM) ?

₹75.85

ROCE ?

18.0%

ROE ?

15.2%

ROA ?

13.5%

Growth

Sales — latest qtr ?

₹214 Cr

PAT — latest qtr ?

₹39 Cr

YoY qtr sales growth ?

N/A

YoY qtr profit growth ?

N/A

Sales growth (3y) ?

N/A

Sales growth (5y) ?

N/A

Profit growth (3y) ?

N/A

Profit growth (5y) ?

N/A

Financial Health

Debt ?

N/A

Debt to Equity ?

N/A

Interest Coverage ?

N/A

Current Ratio ?

N/A

Ownership

Promoter holding ?

74.43%

Change in promoter holding ?

0.00%

Pledged percentage ?

N/A

Market

Return 3 months ?

-3.5%

Return 6 months ?

-12.1%

🗓️ Quarterly results (6 quarters · ₹ Cr)

same fiscal quarter as Sep bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Mar 2025	Jun 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026	YoY %	QoQ %
Sales	169	163	202	202	200	214	—	+6.8%
Operating Profit	29	31	53	52	46	50	—	+8.5%
Other Income	40	5	5	17	6	4	—	-31.0%
Interest	0	0	0	0	0	0	—	—
Depreciation	1	1	1	2	2	2	—	-25.0%
Profit Before Tax	68	35	56	68	50	53	—	+5.0%
Net Profit	60	26	42	54	38	39	—	+3.4%
EPS	26.46	11.32	18.39	23.67	16.52	17.20	—	+4.1%
OPM %	17.2%	19.0%	26.2%	25.7%	23.0%	23.4%	—	+1.7%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	Prev FY	FY26	TTM	YoY %
Sales	—	₹567 Cr	₹818 Cr	—
Operating Profit	—	₹136 Cr	₹201 Cr	—
OPM %	—	23.99%	24.58%	—
NPM %	—	21.52%	21.20%	—
Other Income	—	₹27 Cr	₹32 Cr	—
Depreciation	—	₹4 Cr	₹6 Cr	—
Interest	—	₹0 Cr	₹0 Cr	—
EBIT	—	₹132 Cr	₹194 Cr	—
PBT	—	₹159 Cr	₹227 Cr	—
Tax	—	—	₹13 Cr	—
Net Profit	—	₹122 Cr	₹173 Cr	—
EPS	—	₹53.38	₹75.78	—
Material Cost	—	—	₹147 Cr	—
Employee Cost	—	—	₹3 Cr	—
Extraordinary Items	—	—	—	—

🏛️ Balance Sheet (latest 3 periods)

Metric	Mar 2025	Mar 2026	Sep 2026	% Chg
Equity Capital	23	23	23	-0.6%
Reserves	916	1,055	1,114	+5.6%
Borrowings	0	0	—	—
Other Liabilities	159	147	148	+0.6%
Total Liabilities	1,098	1,225	1,285	+4.9%
Fixed Assets	291	257	257	+0.1%
CWIP	0	47	48	+2.4%
Investments	590	570	660	+15.7%
Other Assets	217	351	320	-8.9%
Total Assets	1,098	1,225	1,285	+4.9%

📦 Working Capital (latest 1 periods)

Metric	Sep 2026	% Chg
Inventories	33	—
Trade Receivables	5	—
Trade Payables	25	—

💧 Cash Flow (latest 2 periods)

Metric	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	162	-96	-159.3%
Cash from Investing Activity	-149	114	+176.5%
Cash from Financing Activity	-13	-17	-30.8%
Net Cash Flow	-0	1	—
Free Cash Flow	116	-114	-198.3%
CFO/OP	164%	-26%	-115.9%

💧 Half-year Cash Flow (latest 1 periods)

Metric	Sep 2026	% Chg
Cash from Operating Activity	96	—
Cash from Investing Activity	-78	—
Cash from Financing Activity	-18	—
Net Cash Flow	-1	—

➗ Ratios (latest 2 periods)

Metric	Mar 2025	Mar 2026	% Chg
Debtor Days	2	1	-50.0%
Inventory Days	46	44	-4.3%
Days Payable	27	14	-48.1%
Cash Conversion Cycle	21	31	+47.6%
Working Capital Days	-41	19	+146.3%
ROCE %	—	18%	—

👥 Shareholding (latest 5 periods)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Sep 2026	% Chg
Promoters	74.43%	74.43%	74.43%	74.43%	74.43%	+0.0%
FIIs	0.44%	0.37%	1.20%	1.19%	0.74%	-37.8%
DIIs	0.01%	0.01%	0.15%	0.01%	—	—
Public	25.12%	25.18%	24.22%	24.39%	24.83%	+1.8%
No. of Shareholders	49,406	49,026	47,207	47,363	46,772	-1.2%

⚖️ Peer comparison

Industry: Breweries & Distilleries · 20 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	PICCADIL Piccadily Agro	₹581.10	5,728	51.0	1,137	111	16.6%	9.8%	28.3%	8.4%	32.4%	12.3%
2	GLOBUSSPR Globus Spirits	₹839.05	2,640	24.2	2,799	100	9.9%	3.6%	-3.8%	315.4%	12.7%	49.7%
3	GMBREW GM Breweries	₹912.65	2,085	12.0	817	173	24.6%	21.2%	17.6%	21.6%	18.0%	12.3%
4	INDIAGLYCO India Glycols	₹257.00	1,723	5.3	6,158	316	10.9%	5.1%	50.6%	26.7%	19.4%	32.6%
5	SDBL Som Distilleries	₹70.09	1,457	—	395	-12	-2.5%	-3.0%	-8.3%	-57.6%	-90.7%	-96.0%
6	ASALCBR Associated Alcohols	₹675.75	1,357	15.8	1,044	83	13.0%	7.9%	-4.9%	9.6%	5.2%	-25.0%
7	SULA Sula Vineyards	₹131.14	1,107	44.6	591	25	17.2%	4.2%	-3.7%	-63.5%	-4.6%	-45.4%
8	IFBAGRO IFB Agro	₹870.00	815	13.7	1,509	60	7.3%	4.0%	2.6%	1201.4%	35.8%	18.5%
9	507155 Jagatjit Industries	₹197.90	775	86.4	324	11	-12.5%	3.3%	-48.3%	139.1%	78.1%	17.2%
10	541741 Fratelli Vineyards	₹325.75	553	—	182	-23	-2.5%	-12.5%	-40.0%	-46.0%	1.2%	37.0%
11	539546 Agribio Spirits	₹45.02	336	11.4	38	4	-1.4%	11.2%	147.4%	10.6%	-91.4%	23.5%
12	512361 Cupid Breweries	₹16.30	224	—	—	-1	—	—	-100.0%	2.8%	—	28.6%
13	531216 Comfort Intech	₹6.72	189	—	163	-3	6.5%	-2.0%	-5.7%	-125.6%	89.0%	-6.6%
14	523309 Shri Gang	₹67.78	100	6.9	366	19	9.9%	5.1%	12.8%	-36.5%	38.6%	240.0%
15	516032 Tahmar Enterprises	₹21.23	91	—	1	-4	-614.3%	-401.2%	-33.4%	-111.7%	-73.6%	94.4%
16	531126 Kati Patang	₹6.11	66	—	12	-10	-83.5%	-86.2%	-18.9%	-195.1%	152.2%	-21.3%
17	526471 Winsome Breweries	₹48.52	55	—	1	-2	-155.0%	-182.9%	-60.5%	-1157.1%	76.7%	-90.8%
18	RKDL Ravi Kumar	₹16.91	41	224.4	29	0	-4.4%	0.6%	-45.4%	7.7%	200.6%	127.7%
19	531635 Silver Oak	₹49.01	26	—	—	-2	—	—	-100.0%	-63.2%	—	50.6%
20	526211 Suraj Industries	₹84.50	—	45.4	72	5	14.0%	6.7%	91.8%	-116.7%	282.4%	435.8%

❓ Frequently asked questions

What was GM Breweries Limited's revenue in Q2 FY27?