GM Breweries announced its unaudited financial results for the quarter ended December 31, 2025, showcasing exceptional performance across key financial metrics. The alcoholic beverages company delivered robust growth in revenue and significant improvement in operational efficiency, demonstrating strong execution in India's country liquor market.

Outstanding Financial Performance in Q3FY26

The company's third quarter results highlight substantial growth across all major financial parameters, with revenue figures excluding excise duty, VAT, and TCS showing remarkable improvement.

Exceptional Profit Growth and Margin Expansion

GM Breweries achieved total revenue from operations of ₹808.62 crores in Q3FY26, marking a strong 25.52% increase from ₹644.19 crores in the corresponding quarter of the previous year. After adjusting for excise duty, VAT, and TCS, the net revenue stood at ₹202.14 crores, representing a growth of 21.89% from ₹165.84 crores in Q3FY25.

The company's net profit performance remained the standout highlight, reaching ₹42.01 crores, representing a remarkable increase of 91.17% from ₹21.97 crores in the same period last year. This substantial improvement demonstrates the company's effective revenue optimization and cost management strategies.

Strong Nine-Month Performance

The company's nine-month performance for the period ended December 31, 2025, also showed impressive growth trajectory across all key metrics.

Share Price Performance and Market Reaction

Following the strong quarterly results announcement, GM Breweries shares witnessed significant volatility. The stock surged as much as 6.49% to reach ₹1,328.80 per share, hitting a fresh life high during trading. However, the stock later pared gains and traded 6.15% lower at ₹1,171 per share, reflecting typical profit-booking activity after strong results.

The stock has delivered impressive returns of 56.21% over the last 12 months, significantly outperforming broader market indices. The total traded volume stood at 6.39 times its 30-day average, indicating heightened investor interest following the results announcement. The relative strength index of 76.12 suggests the stock is in overbought territory.

Board Meeting Outcomes and Corporate Developments

The Board of Directors meeting held on January 06, 2026, approved the unaudited standalone financial results for the quarter and nine months ended December 31, 2025, in compliance with Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Significantly, the Board also approved a change in the company's Registrar and Transfer Agent, appointing M/s. Purva Sharegistry (I) Pvt. Ltd. to replace the existing registrar M/s. MUFG Intime India Private Limited. The company is currently in the process of executing a definitive agreement with the new registrar.

Operational Efficiency and Cost Management

The most notable improvement came in EBITDA margin performance, which expanded dramatically to 26.10% from 17.70% year-on-year, representing an increase of over 840 basis points. The company's EBITDA in absolute terms showed strong growth, rising 91.17% to ₹56.13 crores from ₹29.35 crores in Q3FY25.

Cost of materials consumed increased to ₹135.88 crores from ₹126.23 crores, while employee benefit expenses remained controlled at ₹3.51 crores compared to ₹3.47 crores in the previous year. The company maintained its focus on operational discipline with depreciation expenses decreasing to ₹1.20 crores from ₹1.50 crores year-on-year.

Earnings per share showed exceptional improvement, reaching ₹18.39 for Q3FY26 compared to ₹9.61 in Q3FY25, representing a growth of over 91%. For the nine-month period, EPS stood at ₹44.98 compared to ₹30.01 in the corresponding period of the previous year, marking a growth of nearly 50%.

As one of the largest players in India's country liquor market, GM Breweries' strong quarterly results demonstrate the company's competitive positioning and market execution capabilities. The impressive financial performance across multiple metrics positions the company favorably within the alcoholic beverages sector, showcasing its ability to deliver consistent growth while maintaining operational discipline and expanding market presence through improved efficiency measures.

GM Breweries Limited , a prominent player in the Indian alcoholic beverage industry, has announced a significant addition to its leadership team. The company's Board of Directors, in a meeting held on November 11, 2025, appointed Mr. Hardik Shah as an Independent Director for a five-year term, effective from the same date.

Profile of the New Director

Mr. Hardik Shah brings a wealth of experience and expertise to GM Breweries' board. Here's a snapshot of his impressive credentials:

Appointment Details

The appointment of Mr. Shah as an Independent Director comes with the following specifics:

• Term of Appointment: 5 years
• Effective Date: November 11, 2025
• DIN: 05268078
• PAN: AOPIPS2740D

Strategic Implications

This appointment is likely to bring fresh perspectives to GM Breweries' board, particularly in areas of financial strategy and corporate governance. Mr. Shah's extensive experience across various sectors, including Food & Beverage, aligns well with GM Breweries' business domain.

His expertise in Artificial Intelligence and Information System Audit could potentially contribute to the company's technological and operational efficiency initiatives. Furthermore, his understanding of financial market surveillance and depository operations might enhance the company's compliance and investor relations practices.

Conclusion

The addition of Mr. Hardik Shah to GM Breweries' board as an Independent Director reflects the company's commitment to strengthening its corporate governance and bringing diverse expertise to its leadership. As the company navigates the evolving landscape of the alcoholic beverage industry, Mr. Shah's multifaceted experience could prove valuable in steering strategic decisions and ensuring robust financial management.