G M Brew
The company which takes the lead in ushering in quarterly results, kept up with the tradition and declared its Q3FY15 numbers yesterday. And the market was pretty enthused with its performance for third quarter ended 31st Dec 2014. YoY, there was a 50% jump in net profit at Rs.6 crore while QoQ, it rose three times. Clearly, the quarter of festivity for the company, especially Christmas and New Year’s had gone very well!
Yet this is not enough for the company to surpass its FY14 performance. Last fiscal, it had posted a net profit of Rs.21.50 and till end of 9MFY15, net profit is at Rs.13 crore. Seems like a tough job given its quarterly average net profit of Rs.4-4.5 crore.
The company is engaged in the activities of manufacturing and marketing of Alcoholic Beverages; such as Country Liquor (CL) and Indian made Foreign Liquor (IMFL). It is the largest manufacturer of country liquor in the state of Maharashtra with a sizeable market share. Its brands are GM Santra, GM Limbu Punch, GM Dilbahar Sounf and GM Doctor. The company is essentially is a “country” liquor maker and thus has a huge customer base though margins are lower than the other big branded liquor companies, which is made up through higher volumes. Promoters hold 74.43% stake.