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GM Breweries reports 23% rise in Q2 net profit

GM Breweries has reported results for second quarter ended September 30, 2018.

The company has reported 23.46% rise in its net profit at Rs 19.42 crore for the quarter under review as compared to Rs 15.73 crore for the same quarter in the previous year. Total income of the company increased by 7.72% at Rs 415.04 crore for Q2FY19 as compared Rs 385.28 crore for the corresponding quarter previous year.

GM Breweries is engaged in the manufacture of alcoholic liquor. The company markets their products brandy, rum and whiskey under brand names Pioneer Doctor Brandy, Pioneer Special Doctor Brandy, Hot Shot Rum and Reporter Choice Whiskey. The company has imported oakwood barrels to mature the whiskey in order to impart the liquor with the correct character, color, strength and distinctive taste.

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