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Earnings Call

Associated Alcohols & Breweries Earnings Call: Key Takeaways

Associated Alcohols (AABL) delivered a solid FY26 with 14% EBITDA margins despite a flattish 5% revenue decline. Strategy focuses on premiumisation (IMFL Proprietary grew 37% YoY) and Pan-India expansion.

Why this was an Alfa AlertNot a filter event. Results are generally in line with internal strategy; no explicit guidance beat of >5% reported.
Highlights
Revenue growthFY26 Net Revenue ₹10,194 Mn, down 5% YoY.
MarginsEBITDA margin improved 200 bps to 14% for FY26.
Demand visibilityHigh traction in Central Province Series and Keralam market.
Management confidenceStrong; pursuing Pan-India player status and premium brand traction.

Growth

FY26 Revenue at ₹10,194Mn (-5% YoY), but PAT grew 9% to ₹885Mn. IMFL Proprietary volume grew 32% for FY26.

Outlook

Targeting IMFL(P) to contribute ~50% of revenue (ex-ethanol) by FY30. Revenue guidance for IMFL(P) is 25-30% YoY growth.

Risks

Ethanol sales subdued due to industry oversupply; raw material price fluctuations impact gross margins.

Source

Earnings Call filed with BSE, NSE: ASALCBR. Summary written with AI assistance from the document.

Read the document ↗

Associated Alcohols & Breweries Ltd: key numbers

Share price
₹644.95
Market cap
₹1,224 Cr
Revenue (annual)
₹1,019 Cr
Net profit (annual)
₹88.45 Cr
P/E (TTM)
14.8×Sector 29.0×
Promoter holding
62.35%+0.00% QoQ
FII holding
0.68%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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17:29 IST BSE
Annual General Meeting

Associated Alcohols & Breweries Annual General Meeting

Associated Alcohols & Breweries Limited held its 37th Annual General Meeting on September 16, 2026. The meeting covered routine business, including the adoption of financial statements.