G M Breweries H1FY27 Results (NSE: GMBREW)
Signal: Steady quarter
The read
The disclosed H1FY27 trajectory is positive at the PBT level, with consolidated PBT up 26.8% to ₹10,293.94 lakh and finance cost down 61.5% to ₹10.82 lakh; however, the extracted filing omits the revenue-to-PAT bridge, while depreciation rose 25.0% despite PPE falling to ₹4,042.35 lakh.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| EBIT margin | N/A |
P&L walk
The extracted consolidated P&L does not expose revenue, EBITDA, EBIT, PAT or EPS; disclosed profit before tax rose to ₹10,293.94 lakh from ₹8,119.00 lakh, while depreciation increased to ₹300.00 lakh and finance cost fell to ₹10.82 lakh.
Segments
The company states that operations are confined to one segment, Country Liquor; consolidated PBT of ₹10,293.94 lakh was virtually identical to standalone PBT of ₹10,294.40 lakh, indicating no material subsidiary divergence in the disclosed profit-before-tax data.
Key positives
- Consolidated profit before tax increased 26.8% to ₹10,293.94 lakh from ₹8,119.00 lakh.
- Finance cost declined 61.5% to ₹10.82 lakh, and the filing discloses nil financial indebtedness.
- Standalone PBT of ₹10,294.40 lakh was closely aligned with consolidated PBT of ₹10,293.94 lakh, limiting evidence of subsidiary drag.
Key concerns
- The extracted filing does not expose revenue, EBITDA, PAT or EPS, preventing a complete assessment of sales momentum and margin quality.
- Depreciation increased 25.0% to ₹300.00 lakh even as PPE declined from ₹4,210.37 lakh to ₹4,042.35 lakh, requiring monitoring of the asset-base and depreciation relationship.
- Cash and cash equivalents declined to ₹83.40 lakh from ₹177.34 lakh at the comparable period end.
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