On a sequential basis, standalone net profit declined 30.2%, while revenue from operations slipped 1.35% compared with the preceding quarter.

Total expenses rose 24.6% to Rs 758.02 crore in Q1 FY27 from Rs 608.58 crore in the year-ago quarter. Raw material consumption increased 14.2% year-on-year to Rs 138.25 crore, while employee benefit expenses declined 6.5% to Rs 2.95 crore during the period.

Profit before tax (PBT) for the quarter stood at Rs 50.43 crore in Q1 FY27, up 45.9% from the Rs 34.56 crore reported in Q1 FY26.

GM Breweries is engaged in the manufacturing and marketing of alcoholic beverages, including country liquor (CL) and Indian-made foreign liquor (IMFL). The company is the largest producer of country liquor in Maharashtra and commands a significant share of the state’s market.