GM Breweries' Q4 FY2024 results show a 6% increase in revenue to ₹169.30 crore, but a 30% decrease in net profit to ₹60.50 crore. EBITDA improved by 17% to ₹29.00 crore. The company declared a final dividend of ₹7.50 per share.
06Mar 25
G. M. Breweries Diversifies into Infrastructure Development with New Subsidiary
G. M. Breweries has announced the incorporation of a wholly-owned subsidiary, Buildfort Infradev Private Limited, to venture into infrastructure development. The new entity will focus on residential housing spaces, marking a significant diversification from the company's core brewing business. G. M. Breweries will invest an initial equity capital of ₹1 lakh, with 9,999 shares held by the company and 1 share by a nominee. This strategic move aims to open new revenue streams and growth opportunities beyond the traditional alcohol beverage market.
25Feb 25
G M Breweries to Explore Business Diversification and Potential Subsidiary Formation
G M Breweries Limited has scheduled a board meeting for March 6, 2025, to explore business diversification strategies and consider forming a wholly owned subsidiary. The meeting, set for 11:30 A.M. at the company's Mumbai office, signals potential expansion beyond its current alcoholic beverage focus. This move could lead to market expansion, risk mitigation, and adaptation to industry trends. The formation of a subsidiary might facilitate structured entry into new business areas while maintaining separate identities for different operations.