Murree Brewery Company Limited (PSX: MUREB) announced a consolidated profit after tax of Rs. 960.4 million for the first quarter of fiscal year 2025, marking a 5.1% increase compared to Rs. 913.9 million in the same period last year.
The company’s performance was anchored by a robust 13.6% year-on-year increase in net turnover, which reached Rs8.07 billion, indicating solid market demand. However, the cost of sales grew slightly faster at 14.4%, rising to Rs5.93 billion. This led to a healthy 11.5% expansion in gross profit to Rs2.14 billion, though it caused a marginal contraction in the gross margin to 26.5% from 27%. A significant highlight was the 17.2% surge in operating profit to Rs1.40 billion, demonstrating effective control over operating expenses, which grew at a modest pace. The bottom-line growth was partially tempered by a steep 43.1% decline in finance income, which fell to Rs172.0 million.
Key Financial Highlights (3MFY25):
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Earnings Per Share (EPS):Â Increased to Rs. 34.72 from Rs. 33.03.
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Dividend:Â Declared a cash dividend of Rs. 5 per share.
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Net Turnover:Â Rose 13.6% to Rs. 8.07 billion, demonstrating solid market demand.
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Gross Profit:Â Grew 11.5% to Rs. 2.14 billion, though the gross margin saw a slight contraction to 26.5%.
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Operating Profit:Â Surged 17.2% to Rs. 1.40 billion, indicating improved operational control.
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Net Profit Margin: Stood at 11.9%, compared to 12.9% in same period last year.
The quarter was characterized by robust revenue growth, which was the primary driver of the higher profit. However, this was partially offset by a significant decline in finance income and a slight compression in margins. The company effectively managed its operating expenses, which grew at a slower rate than sales, contributing to the strong double-digit growth in operating profit.
