India's GM Breweries jumps over 6% as Q1 sales more than doubles

G M Breweries

07/07/2022 08:46

** Shares of Indian liquor manufacturer G M Breweries Ltd
 GMBR.NS  rise more than 6%, on course for their best day since
May 20
    ** GMBR's provisional quarterly profit rose around 39% to
161.6 million rupees ($2.04 million)  urn:newsml:reuters.com:*:nFWN2YN15N
    ** GMBR's provisional Q1 sales more than doubled to 5.51 bln
rupees 
    ** Over 214,835 shares change hands, 16x 30-day average of
13,286
    ** GMBR shares down 28.72% YTD as of last close

($1 = 79.0850 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))