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Published on 13/10/2021 2:15:37 PM | Source: Angel One Ltd

GM Breweries reported numbers in line with market expectations for Q2FY22 by Mr. Yash Gupta, Angel One Ltd

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Below is quote on GM Breweries by Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd   

GM Breweries reported numbers in line with market expectations for Q2FY22.

GM Breweries limited reported consolidated revenue growth of 60% at ₹116 crores as compared to 72.61 crores in Q2FY21. The company has reported a profit before tax of ₹29.20 crores for Q2FY22 up by 94% from ₹14.99 crores in Q2FY21. Company has reported profit after tax of ₹21.85 crores as compared to 11.21 crores in Q2FY21. We have seen the gradual reopening of liquor shops, restaurants after the state-wise lockdown due to covid 2nd wave. We expect the upcoming quarter will be better for GM Breweries as easing in covid 19 related restrictions continues. 

 

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