MUREB 9MFY26 profit grows 9%

April 24, 2026 (MLN): Murree Brewery Company Limited (PSX: MUREB) reported a steady 9% increase in its net profit for the nine months ended March 31, 2026, recording Rs2.69bn compared to Rs2.47bn in the corresponding period last year.

Reflecting this consistent bottom-line growth, the company's earnings per share (EPS) improved to Rs97.34 from Rs89.16 in 9MFY25.

The company also declared dividend at Rs10 per share.

The growth was primarily driven by a robust top-line performance, although inflationary pressures slightly squeezed gross margins. MUREB’s net turnover posted a strong 17% year-on-year increase, rising to Rs22.59bn from Rs19.29bn.

However, the cost of sales grew at a slightly faster pace of 19%, reaching Rs16.71bn. Despite this mild margin compression, the higher volume of sales allowed the gross profit to secure a 12% expansion, settling at Rs5.87bn up from Rs5.26bn in the prior year.

On the operational front, the company maintained commendable discipline over its overheads.

Selling and distribution expenses were kept almost flat, inching up just 2% to Rs1.10bn.

Administrative expenses rose by 13% to Rs653.48m, while other expenses increased by 13% to Rs311.30m.

Bolstered by a 21% jump in other income (Rs68.66m) and tight control over selling costs, MUREB's operating profit expanded by a healthy 15% to Rs3.88bn.

Below the operating line, the company faced a slight drag from reduced financial inflows.

While finance costs were more than halved, dropping 57% to just Rs3.07m, the company's finance income also declined by 20% to Rs539.71m. This dynamic caused the net finance income to drop by 19% to Rs536.64m compared to Rs663.52m last year.

This reduction in net finance income moderated the robust operational gains. Profit before tax grew by 9% to Rs4.41bn.

After accounting for a proportionally higher taxation expense of Rs1.72bn (up 9% year-on-year), Murree Brewery successfully retained its growth trajectory, closing the nine-month period with a final net profit of Rs2.69bn.

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