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GM Breweries Q4 Results: Stock falls 7% from highs despite margin expansionShares of GM Breweries are seeing choppy moves after the Q4 results announcements, where its net profit fell from last year, but the operating performance was strong.By Juviraj Anchil  April 9, 2026, 12:42:48 PM IST (Updated)1 Min ReadGM Breweries Ltd. fell as much as 7% from the highs of the day, in reaction to its quarterly results announcement on Thursday, April 9. The stock, which surged as much as 5% in the initial response to the earnings, but then reversed course to turn negative.

For the March quarter, GM Breweries reported a 11% drop in its net profit from the same quarter last year to ₹54 crore to ₹61 crore last year.

GM Breweries saw a 19.5% increase in its topline for the quarter that ended in March to ₹202.2 crore. The company had reported a revenue figure of ₹169.2 crore during the same quarter last year.

However, GM Breweries reported a strong operating performance for the March quarter.

Its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) surged by 83% on a year-on-year basis to ₹53 crore from ₹29 crore in fourth quarter of the previous financial year, while EBITDA margins expanded by over 900 basis points during the quarter to 26% from 17% in year-ago period.

GM Breweries is one of the biggest players in India's country liquor market.

Stock Price Reaction

Shares of GM Breweries are now trading 1.2% lower after the results announcement at ₹1,017.8. The stock is up 6% so far in the last one month, but has declined 16% in 2026 so far.Continue Reading(Edited by : Hormaz Fatakia)First Published: Apr 9, 2026 12:42 PM ISTTagsGM BreweriesQ4 resultsshare market today