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Investor Presentation

Associated Alcohols & Breweries Investor Presentation: Key Takeaways

Q2FY27 net revenue ₹2,716 Mn (+7% YoY), but EBITDA ₹177 Mn (-26%) and PAT ₹80 Mn (-43%) on raw material inflation. IMFL(P) revenue rose 39%.

Guidance and delivery
Management target Revenue 30.0% FY30
Highlights
MarginsEBITDA margin 7% vs 9% YoY; IMFL(P) 15% H1FY27 vs 18% FY26.
Demand visibilityCP series volume +56%; Arcana tequila and Kultur RTD launches expanding reach.

Growth

IMFL(P) revenue +39% YoY, volume +28%; Alcohol revenue +14%. Ethanol revenue -7%, IMFL(L) -43%. H1 net revenue +6%.

Outlook

IMFL(P) margin guided 15–17%; ~30% revenue CAGR to ₹5,530 Mn by FY30. Malt captive use from Q3FY28.

Risks

Elevated raw material prices compressing margins; ethanol oversupply and grain inflation; IMFL(L) business arrangement change with Inbrew.

Last quarter's promises, checked

Delivered

  • IMFL(P) revenue ~30% YoY → +39% (= BEAT)

Partly delivered

  • IMFL(P) volume ~30% → +28% (= PARTIAL)
  • RTD registration in 8 added states → live in 3 (= PARTIAL)
  • Tequila at ₹5,000–7,000 → launched at ₹7,500 (= PARTIAL)

Missed

  • Ethanol revenue flat YoY → -7% (= MISS)
  • Q1 IMFL(P) EBITDA margin 20% → H1FY27 15% (= MISS)
Source

Investor Presentation filed with BSE, NSE: ASALCBR. Summary written with AI assistance from the document.

Read the document ↗

Associated Alcohols & Breweries Ltd: key numbers

Share price
₹566.50
Market cap
₹1,075 Cr
Revenue (annual)
₹1,019 Cr
Net profit (annual)
₹88.45 Cr
P/E (TTM)
14.0×Sector 29.1×
Promoter holding
62.35%+0.00% QoQ
FII holding
1.02%Current quarter

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

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