G M Breweries Ltd
NSE:GMBREW
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|
G M Breweries Ltd
NSE:GMBREW
|
IN |
Income Statement
Earnings Waterfall
G M Breweries Ltd
Income Statement
G M Breweries Ltd
| Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
19
|
0
|
0
|
0
|
20
|
0
|
0
|
0
|
24
|
0
|
0
|
0
|
26
|
0
|
0
|
0
|
25
|
0
|
0
|
0
|
27
|
0
|
0
|
0
|
36
|
0
|
0
|
0
|
20
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
2 097
N/A
|
2 147
+2%
|
2 131
-1%
|
2 151
+1%
|
2 196
+2%
|
2 217
+1%
|
2 256
+2%
|
2 251
0%
|
2 316
+3%
|
2 322
+0%
|
2 409
+4%
|
2 505
+4%
|
2 570
+3%
|
2 668
+4%
|
2 738
+3%
|
2 809
+3%
|
2 878
+2%
|
2 872
0%
|
2 885
+0%
|
2 896
+0%
|
2 886
0%
|
2 975
+3%
|
3 025
+2%
|
3 044
+1%
|
3 073
+1%
|
3 129
+2%
|
3 316
+6%
|
3 458
+4%
|
3 596
+4%
|
5 882
+64%
|
8 068
+37%
|
10 627
+32%
|
13 566
+28%
|
14 132
+4%
|
14 855
+5%
|
15 705
+6%
|
16 052
+2%
|
16 434
+2%
|
16 721
+2%
|
16 871
+1%
|
17 046
+1%
|
17 302
+1%
|
17 413
+1%
|
17 216
-1%
|
16 813
-2%
|
13 482
-20%
|
11 858
-12%
|
11 660
-2%
|
12 325
+6%
|
14 085
+14%
|
15 961
+13%
|
17 008
+7%
|
17 781
+5%
|
20 567
+16%
|
21 686
+5%
|
22 637
+4%
|
23 257
+3%
|
23 538
+1%
|
23 864
+1%
|
23 954
+0%
|
24 153
+1%
|
24 365
+1%
|
24 378
+0%
|
24 638
+1%
|
25 037
+2%
|
25 411
+1%
|
26 632
+5%
|
28 276
+6%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(1 787)
|
(1 827)
|
(1 807)
|
(1 837)
|
(1 916)
|
(1 889)
|
(1 857)
|
(1 811)
|
(1 818)
|
(1 817)
|
(1 917)
|
(2 005)
|
(2 099)
|
(2 147)
|
(2 229)
|
(2 314)
|
(2 374)
|
(2 336)
|
(2 294)
|
(2 253)
|
(2 232)
|
(2 293)
|
(2 387)
|
(2 421)
|
(2 457)
|
(2 345)
|
(2 331)
|
(2 304)
|
(2 352)
|
(4 609)
|
(6 855)
|
(9 481)
|
(12 583)
|
(13 113)
|
(13 752)
|
(14 426)
|
(14 673)
|
(14 798)
|
(15 035)
|
(15 259)
|
(15 562)
|
(15 800)
|
(15 963)
|
(15 817)
|
(15 614)
|
(12 442)
|
(10 934)
|
(10 626)
|
(11 311)
|
(12 854)
|
(14 584)
|
(15 676)
|
(16 569)
|
(19 184)
|
(20 267)
|
(21 135)
|
(21 763)
|
(21 877)
|
(22 209)
|
(22 368)
|
(22 727)
|
(22 784)
|
(22 807)
|
(23 010)
|
(23 493)
|
(23 746)
|
(24 799)
|
(26 210)
|
|
| Gross Profit |
310
N/A
|
319
+3%
|
325
+2%
|
315
-3%
|
281
-11%
|
328
+17%
|
398
+21%
|
440
+10%
|
498
+13%
|
505
+1%
|
492
-3%
|
500
+2%
|
471
-6%
|
521
+11%
|
508
-2%
|
495
-3%
|
503
+2%
|
536
+7%
|
591
+10%
|
643
+9%
|
654
+2%
|
682
+4%
|
639
-6%
|
623
-2%
|
616
-1%
|
784
+27%
|
985
+26%
|
1 153
+17%
|
1 244
+8%
|
1 273
+2%
|
1 213
-5%
|
1 147
-5%
|
983
-14%
|
1 019
+4%
|
1 103
+8%
|
1 279
+16%
|
1 378
+8%
|
1 635
+19%
|
1 686
+3%
|
1 612
-4%
|
1 484
-8%
|
1 502
+1%
|
1 450
-3%
|
1 399
-4%
|
1 199
-14%
|
1 040
-13%
|
924
-11%
|
1 034
+12%
|
1 013
-2%
|
1 231
+21%
|
1 378
+12%
|
1 332
-3%
|
1 212
-9%
|
1 383
+14%
|
1 419
+3%
|
1 502
+6%
|
1 494
-1%
|
1 661
+11%
|
1 655
0%
|
1 586
-4%
|
1 426
-10%
|
1 581
+11%
|
1 571
-1%
|
1 628
+4%
|
1 544
-5%
|
1 666
+8%
|
1 833
+10%
|
2 066
+13%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(155)
|
(157)
|
(162)
|
(164)
|
(161)
|
(183)
|
(204)
|
(198)
|
(185)
|
(203)
|
(205)
|
(246)
|
(268)
|
(302)
|
(311)
|
(309)
|
(283)
|
(305)
|
(308)
|
(327)
|
(306)
|
(341)
|
(345)
|
(330)
|
(320)
|
(364)
|
(441)
|
(456)
|
(441)
|
(450)
|
(399)
|
(416)
|
(348)
|
(430)
|
(436)
|
(425)
|
(355)
|
(438)
|
(437)
|
(457)
|
(373)
|
(491)
|
(502)
|
(505)
|
(369)
|
(434)
|
(407)
|
(439)
|
(314)
|
(415)
|
(420)
|
(378)
|
(306)
|
(436)
|
(455)
|
(477)
|
(372)
|
(495)
|
(500)
|
(509)
|
(400)
|
(525)
|
(537)
|
(548)
|
(413)
|
(544)
|
(535)
|
(539)
|
|
| Selling, General & Administrative |
(34)
|
(29)
|
(30)
|
(30)
|
(44)
|
(37)
|
(43)
|
(41)
|
(138)
|
(44)
|
(40)
|
(48)
|
(227)
|
(52)
|
(53)
|
(54)
|
(233)
|
(61)
|
(65)
|
(71)
|
(255)
|
(71)
|
(72)
|
(71)
|
(255)
|
(82)
|
(82)
|
(83)
|
(371)
|
(90)
|
(97)
|
(101)
|
(289)
|
(90)
|
(85)
|
(82)
|
(297)
|
(99)
|
(99)
|
(116)
|
(310)
|
(112)
|
(121)
|
(111)
|
(303)
|
(99)
|
(90)
|
(85)
|
(256)
|
(89)
|
(90)
|
(89)
|
(252)
|
(83)
|
(89)
|
(94)
|
(316)
|
(107)
|
(107)
|
(111)
|
(347)
|
(113)
|
(114)
|
(117)
|
(360)
|
(122)
|
(127)
|
(127)
|
|
| Depreciation & Amortization |
(32)
|
(32)
|
(33)
|
(32)
|
(36)
|
(37)
|
(39)
|
(40)
|
(36)
|
(36)
|
(36)
|
(36)
|
(38)
|
(38)
|
(38)
|
(38)
|
(41)
|
(42)
|
(44)
|
(47)
|
(46)
|
(47)
|
(51)
|
(51)
|
(56)
|
(57)
|
(58)
|
(59)
|
(54)
|
(54)
|
(53)
|
(53)
|
(53)
|
(56)
|
(55)
|
(55)
|
(52)
|
(62)
|
(64)
|
(67)
|
(58)
|
(77)
|
(80)
|
(83)
|
(57)
|
(73)
|
(72)
|
(72)
|
(54)
|
(52)
|
(49)
|
(46)
|
(50)
|
(61)
|
(61)
|
(61)
|
(47)
|
(58)
|
(58)
|
(58)
|
(47)
|
(61)
|
(61)
|
(61)
|
(46)
|
(49)
|
(46)
|
(43)
|
|
| Other Operating Expenses |
(89)
|
(96)
|
(99)
|
(101)
|
(81)
|
(109)
|
(124)
|
(118)
|
(11)
|
(124)
|
(129)
|
(162)
|
(3)
|
(212)
|
(219)
|
(217)
|
(9)
|
(201)
|
(198)
|
(209)
|
(6)
|
(223)
|
(223)
|
(208)
|
(8)
|
(225)
|
(302)
|
(314)
|
(16)
|
(306)
|
(249)
|
(262)
|
(5)
|
(284)
|
(295)
|
(289)
|
(6)
|
(277)
|
(274)
|
(274)
|
(5)
|
(302)
|
(301)
|
(310)
|
(9)
|
(262)
|
(245)
|
(282)
|
(4)
|
(274)
|
(281)
|
(243)
|
(5)
|
(292)
|
(305)
|
(322)
|
(8)
|
(330)
|
(335)
|
(340)
|
(6)
|
(350)
|
(362)
|
(370)
|
(7)
|
(373)
|
(362)
|
(368)
|
|
| Operating Income |
155
N/A
|
162
+5%
|
162
N/A
|
151
-7%
|
119
-21%
|
145
+22%
|
194
+33%
|
241
+24%
|
313
+30%
|
303
-3%
|
287
-5%
|
254
-12%
|
203
-20%
|
219
+8%
|
198
-10%
|
186
-6%
|
220
+18%
|
232
+5%
|
283
+22%
|
316
+12%
|
348
+10%
|
340
-2%
|
293
-14%
|
294
+0%
|
297
+1%
|
420
+41%
|
544
+30%
|
698
+28%
|
803
+15%
|
823
+3%
|
814
-1%
|
731
-10%
|
635
-13%
|
589
-7%
|
667
+13%
|
854
+28%
|
1 024
+20%
|
1 197
+17%
|
1 249
+4%
|
1 155
-8%
|
1 111
-4%
|
1 012
-9%
|
948
-6%
|
894
-6%
|
830
-7%
|
606
-27%
|
516
-15%
|
596
+15%
|
699
+17%
|
816
+17%
|
958
+17%
|
954
0%
|
906
-5%
|
948
+5%
|
964
+2%
|
1 026
+6%
|
1 123
+9%
|
1 166
+4%
|
1 155
-1%
|
1 077
-7%
|
1 026
-5%
|
1 056
+3%
|
1 034
-2%
|
1 080
+4%
|
1 130
+5%
|
1 122
-1%
|
1 298
+16%
|
1 527
+18%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(18)
|
(19)
|
(19)
|
(19)
|
(19)
|
(21)
|
(22)
|
(23)
|
(9)
|
(27)
|
(28)
|
(28)
|
(23)
|
(26)
|
(28)
|
(29)
|
(13)
|
(26)
|
(21)
|
(23)
|
(24)
|
(30)
|
(35)
|
(35)
|
(14)
|
(34)
|
(31)
|
(28)
|
33
|
(14)
|
(7)
|
(3)
|
32
|
(2)
|
(2)
|
(1)
|
81
|
(0)
|
(0)
|
(1)
|
114
|
(1)
|
(1)
|
(0)
|
70
|
(1)
|
(1)
|
(1)
|
294
|
(0)
|
(0)
|
(0)
|
267
|
(0)
|
(0)
|
(0)
|
183
|
(1)
|
(1)
|
(2)
|
777
|
(6)
|
(7)
|
(6)
|
465
|
280
|
281
|
282
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
34
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
1
|
2
|
2
|
2
|
1
|
10
|
13
|
24
|
12
|
21
|
17
|
28
|
29
|
33
|
38
|
16
|
2
|
14
|
11
|
12
|
2
|
5
|
5
|
25
|
2
|
58
|
57
|
44
|
8
|
34
|
47
|
49
|
2
|
46
|
38
|
41
|
8
|
93
|
104
|
118
|
6
|
138
|
131
|
111
|
7
|
85
|
92
|
108
|
7
|
309
|
308
|
294
|
8
|
293
|
288
|
309
|
10
|
201
|
204
|
243
|
8
|
829
|
846
|
788
|
5
|
210
|
210
|
248
|
|
| Pre-Tax Income |
138
N/A
|
146
+5%
|
145
0%
|
134
-8%
|
102
-24%
|
135
+32%
|
186
+38%
|
243
+31%
|
317
+31%
|
296
-7%
|
277
-6%
|
254
-8%
|
209
-18%
|
226
+8%
|
207
-8%
|
174
-16%
|
210
+21%
|
221
+5%
|
273
+24%
|
305
+12%
|
326
+7%
|
316
-3%
|
263
-17%
|
283
+8%
|
285
+1%
|
443
+56%
|
570
+29%
|
714
+25%
|
878
+23%
|
844
-4%
|
853
+1%
|
777
-9%
|
670
-14%
|
634
-5%
|
704
+11%
|
894
+27%
|
1 113
+25%
|
1 290
+16%
|
1 353
+5%
|
1 272
-6%
|
1 232
-3%
|
1 149
-7%
|
1 078
-6%
|
1 005
-7%
|
908
-10%
|
690
-24%
|
607
-12%
|
703
+16%
|
1 001
+42%
|
1 124
+12%
|
1 266
+13%
|
1 248
-1%
|
1 181
-5%
|
1 241
+5%
|
1 252
+1%
|
1 334
+7%
|
1 316
-1%
|
1 366
+4%
|
1 358
-1%
|
1 318
-3%
|
1 812
+38%
|
1 879
+4%
|
1 874
0%
|
1 862
-1%
|
1 600
-14%
|
1 612
+1%
|
1 789
+11%
|
2 056
+15%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(48)
|
(49)
|
(49)
|
(46)
|
(36)
|
(47)
|
(60)
|
(80)
|
(108)
|
(101)
|
(98)
|
(90)
|
(70)
|
(76)
|
(69)
|
(58)
|
(70)
|
(74)
|
(91)
|
(101)
|
(111)
|
(108)
|
(91)
|
(93)
|
(98)
|
(144)
|
(199)
|
(248)
|
(295)
|
(294)
|
(286)
|
(267)
|
(234)
|
(221)
|
(245)
|
(311)
|
(384)
|
(441)
|
(467)
|
(442)
|
(409)
|
(385)
|
(310)
|
(264)
|
(229)
|
(150)
|
(154)
|
(178)
|
(200)
|
(231)
|
(267)
|
(262)
|
(247)
|
(262)
|
(265)
|
(286)
|
(318)
|
(330)
|
(325)
|
(318)
|
(297)
|
(314)
|
(316)
|
(309)
|
(309)
|
(312)
|
(357)
|
(424)
|
|
| Income from Continuing Operations |
91
|
96
|
96
|
88
|
67
|
88
|
125
|
163
|
208
|
196
|
179
|
164
|
138
|
150
|
138
|
116
|
139
|
147
|
182
|
204
|
215
|
208
|
172
|
190
|
186
|
300
|
371
|
466
|
583
|
550
|
567
|
510
|
436
|
413
|
459
|
583
|
729
|
849
|
886
|
830
|
823
|
764
|
768
|
741
|
679
|
540
|
454
|
525
|
801
|
893
|
999
|
986
|
934
|
979
|
987
|
1 049
|
999
|
1 036
|
1 033
|
1 000
|
1 515
|
1 566
|
1 559
|
1 552
|
1 290
|
1 300
|
1 432
|
1 632
|
|
| Net Income (Common) |
86
N/A
|
92
+6%
|
91
0%
|
84
-8%
|
66
-21%
|
87
+32%
|
128
+46%
|
166
+30%
|
210
+27%
|
198
-6%
|
178
-10%
|
164
-8%
|
138
-16%
|
150
+9%
|
138
-8%
|
116
-16%
|
139
+20%
|
147
+5%
|
182
+24%
|
204
+12%
|
215
+5%
|
208
-3%
|
172
-17%
|
190
+10%
|
186
-2%
|
300
+61%
|
371
+24%
|
466
+26%
|
583
+25%
|
550
-6%
|
567
+3%
|
510
-10%
|
436
-15%
|
413
-5%
|
459
+11%
|
583
+27%
|
729
+25%
|
849
+16%
|
886
+4%
|
830
-6%
|
823
-1%
|
764
-7%
|
768
+1%
|
741
-4%
|
679
-8%
|
540
-20%
|
454
-16%
|
525
+16%
|
801
+53%
|
893
+11%
|
999
+12%
|
986
-1%
|
934
-5%
|
979
+5%
|
987
+1%
|
1 049
+6%
|
999
-5%
|
1 036
+4%
|
1 033
0%
|
1 000
-3%
|
1 515
+52%
|
1 566
+3%
|
1 559
0%
|
1 552
0%
|
1 290
-17%
|
1 300
+1%
|
1 432
+10%
|
1 632
+14%
|
|
| EPS (Diluted) |
4.77
N/A
|
5
+5%
|
4.98
0%
|
4.57
-8%
|
3.66
-20%
|
4.77
+30%
|
7
+47%
|
9.06
+29%
|
11.66
+29%
|
10.81
-7%
|
9.72
-10%
|
8.98
-8%
|
7.66
-15%
|
8.2
+7%
|
7.56
-8%
|
6.36
-16%
|
7.72
+21%
|
8.02
+4%
|
9.97
+24%
|
11.13
+12%
|
11.94
+7%
|
11.37
-5%
|
9.31
-18%
|
10.39
+12%
|
10.33
-1%
|
16.39
+59%
|
20.26
+24%
|
25.46
+26%
|
32.38
+27%
|
30.05
-7%
|
30.97
+3%
|
27.87
-10%
|
24.22
-13%
|
22.54
-7%
|
25.06
+11%
|
31.84
+27%
|
40.5
+27%
|
46.38
+15%
|
48.4
+4%
|
45.34
-6%
|
45.72
+1%
|
41.73
-9%
|
41.97
+1%
|
40.48
-4%
|
37.72
-7%
|
29.51
-22%
|
24.79
-16%
|
28.68
+16%
|
44.5
+55%
|
48.79
+10%
|
54.61
+12%
|
53.89
-1%
|
51.88
-4%
|
53.48
+3%
|
53.94
+1%
|
57.29
+6%
|
43.71
-24%
|
56.72
+30%
|
45.17
-20%
|
43.77
-3%
|
66.32
+52%
|
68.54
+3%
|
68.18
-1%
|
67.89
0%
|
56.48
-17%
|
56.89
+1%
|
62.68
+10%
|
71.46
+14%
|
|