GM Breweries has reported results for third quarter ended December 31, 2018.
The company has reported a fall of 25.07% in its net profit at Rs 16.71 crore for the quarter under review as compared to Rs 22.30 crore for the same quarter in the previous year. However, total income of the company increased by 3.76% at Rs 451.53 crore for Q3FY19 as compared Rs 435.15 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.
