G.M. Breweries Limited (NSE:GMBREW)

G.M. Breweries Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	17,849	14,609	14,095	13,579	10,413	7,099
Revenue Growth (YoY)	22.42%	3.65%	3.80%	30.41%	46.67%	-26.90%
Cost of Revenue	15,817	12,983	12,590	12,023	9,135	6,026
Gross Profit	2,031	1,626	1,505	1,556	1,278	1,074
Selling, General & Admin	144.82	137.42	125.14	108.18	79.08	87.61
Other Operating Expenses	316.49	312.59	306.11	277.92	243.04	232.76
Operating Expenses	504.15	501.85	492.59	444.24	382.75	375.19
Operating Income	1,527	1,124	1,013	1,112	894.82	698.33
Interest Expense	-4.07	-5.67	-3.58	-	-	-0.5
Interest & Investment Income	184.9	184.9	166.07	138.72	137.38	142.7
Other Non Operating Income (Expenses)	62.57	10.27	11.93	10.29	7.69	7.35
EBT Excluding Unusual Items	1,771	1,314	1,187	1,261	1,040	847.87
Gain (Loss) on Sale of Investments	285.76	285.76	625.2	55.3	140.62	152.71
Pretax Income	2,056	1,600	1,812	1,316	1,181	1,001
Income Tax Expense	424.24	309.24	296.91	317.51	246.95	199.68
Net Income	1,632	1,290	1,515	998.65	933.56	800.91
Net Income to Common	1,632	1,290	1,515	998.65	933.56	800.91
Net Income Growth	5.15%	-14.84%	51.73%	6.97%	16.56%	18.04%
Shares Outstanding (Basic)	23	23	23	23	23	23
Shares Outstanding (Diluted)	23	23	23	23	23	23
Shares Change (YoY)	-0.05%	-	-	-	-	-
EPS (Basic)	71.46	56.48	66.32	43.71	40.86	35.06
EPS (Diluted)	71.46	56.48	66.32	43.69	40.86	35.06
EPS Growth	5.20%	-14.84%	51.80%	6.92%	16.56%	18.05%
Free Cash Flow	-	1,617	592.68	960.38	974.69	14.11
Free Cash Flow Per Share	-	70.77	25.94	42.03	42.66	0.62
Dividend Per Share	-	7.500	5.600	4.800	4.000	3.200
Dividend Growth	-	33.93%	16.67%	20.00%	25.00%	33.33%
Gross Margin	11.38%	11.13%	10.68%	11.46%	12.27%	15.12%
Operating Margin	8.56%	7.70%	7.18%	8.19%	8.59%	9.84%
Profit Margin	9.14%	8.83%	10.75%	7.35%	8.97%	11.28%
Free Cash Flow Margin	-	11.07%	4.21%	7.07%	9.36%	0.20%
EBITDA	1,572	1,176	1,074	1,170	955.44	753.13
EBITDA Margin	8.81%	8.05%	7.62%	8.61%	9.18%	10.61%
D&A For EBITDA	44.72	51.84	61.34	57.83	60.63	54.8
EBIT	1,527	1,124	1,013	1,112	894.82	698.33
EBIT Margin	8.56%	7.70%	7.18%	8.19%	8.59%	9.84%
Effective Tax Rate	20.63%	19.33%	16.38%	24.12%	20.92%	19.96%
Revenue as Reported	28,809	25,518	24,956	23,462	18,067	12,627
Advertising Expenses	-	17.5	12.17	6.5	0.14	0.2

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.