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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 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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