Investors react to falling EBITDA margin, GM Breweries stock slides to ₹921

The Q2 results of GM Breweries highlighted a mixed picture: revenue grew 18.2% year‑on‑year to ₹214 crore and net profit rose 12.3% to ₹39.3 crore, but the EBITDA margin contracted sharply to 23.5% from 25% previously. The margin erosion, amounting to more than 250 basis points, sparked concern among shareholders. Trading on the BSE saw the stock briefly rise 2% before a steep sell‑off erased gains, leaving the share at an intraday low of ₹921, down 6.61%. The decline added to the pressure on the stock, which has been trading about 25% below its 52‑week high and is down roughly 22% for the current fiscal year.