GM Breweries Q1 results: Shares slump 4% from highs despite rise in margin and profit figures

Shares of GM Breweries Ltd. fell as much as 4% from the day’s highs in response to its quarterly results announcement on Thursday, July 9. The stock surged as much as 6% earlier in the day, but then reversed course and turned negative, currently witnessing volatile moves.

For the June quarter, GM Breweries reported a 46% rise in its net profit from the same quarter last year to ₹38 crore from ₹26 crore last year.

GM Breweries saw a 23% increase in its topline for the quarter that ended in June, to ₹200 crore. The company had reported a revenue figure of ₹163 crore during the same quarter last year.

Operating performance by GM Breweries was strong when compared to the same quarter last year.
The company’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose by 54% on a year-on-year basis to ₹46.5 crore from ₹30.2 crore in the first quarter of the new financial year, while EBITDA margins expanded by over 480 basis points during the quarter to 23.3% from 18.5% in the year-ago period.

GM Breweries is one of the biggest players in India’s country liquor market.

In the last quarter of the previous fiscal year, or Q4 of FY26, the company witnessed an 11% drop in its net profit, when compared to the same quarter last year.

How Did GM Breweries React To Its Results?

Shares of GM Breweries are now trading 2.5% higher after the results announcement at ₹984.05. The stock is up 10% so far in the last month but has declined 18.6% in 2026 so far.

The stock has closed in the green on 6 out of the last 10 sessions, and have declined over 25% from their 52-week high of ₹1,328.8. The company does not disclose any forward looking guidance.