Introduction:
FMCG stock has announced the incorporation of a wholly owned subsidiary to expand into infrastructure development, including residential housing projects. This strategic move diversifies its business operations, positioning it for growth in the real estate sector while leveraging its financial strength for new opportunities.
Share Price movement of G. M. Breweries:
On March 6, 2025, GM Breweries Ltd opened at ₹642.45, reaching a high of ₹665.95, up 4.12% from its previous close of ₹632.95, and a low of ₹640.00. The stock is currently trading at ₹659.00, with a market cap of ₹1,505.61 crore.
G. M. Breweries share price rise:
G. M. Breweries Limited has announced the incorporation of a wholly owned subsidiary, Buildfort Infradev Private Limited, to expand into the infrastructure development sector, including residential housing projects. The subsidiary will be established with an initial equity capital of ₹1 lakh.
Upon incorporation, Buildfort Infradev will become a related party to G. M. Breweries, but the promoter group has no direct interest apart from its stake in the parent company. The subsidiary will be fully owned by G. M. Breweries, with 9,999 shares held by the company and one share held by a nominee.
The establishment of Buildfort Infradev requires no regulatory approvals and will be funded through cash. As the company is newly incorporated, it has no prior turnover. This move aligns with G. M. Breweries’ strategy to diversify its business into infrastructure development.
Also Read: IT stock hits 5% upper circuit after partnership with Altera for aerospace and defence computing
Recent news About G. M. Breweries:
G.M. Breweries Limited (GMBL) reported a 3% year-on-year decline in profit after tax, amounting to ₹22 crore for the quarter ending December 31, 2024. The company’s revenue from operations stood at ₹595.78 crore, a marginal increase of 0.22% compared to the same period in the previous year.
Stock performance of G. M. Breweries for Period of 1 week, 6 months and 1 year:
Over the past week, G. M. Breweries’ stock saw a slight decline of 0.78%, reflecting short-term volatility. In the last six months, the stock dropped 24.6%, indicating a prolonged correction. However, over the past year, it recorded a 27.6% gain, showcasing long-term growth.
Also Read: EV stock jumps after it enters into battery swapping technology
Shareholding pattern of G. M. Breweries:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 74.43 | 74.43 | 74.43 |
| FII | 0.37 | 0.34 | 0.63 |
| DII | 0 | 0 | 0 |
| Retail & others | 25.2 | 25.22 | 24.94 |
About G. M. Breweries :
G. M. Breweries Limited is a leading Indian manufacturer of alcoholic beverages, specializing in country liquor. The company has a strong presence in Maharashtra and Goa, focusing on producing affordable spirits. It continues to expand while diversifying into new sectors like infrastructure development.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
