Associated Alcohols & Breweries Ltd. — PPTs, 26-04-2025: Investor Presentation

**Financial Highlights:**

In Q4 FY25, Associated Alcohols & Breweries Limited reported a 93% surge in EBITDA to ₹355 million, with a margin expansion of 700 bps to 15%, attributed to lower grain prices. Profit After Tax soared 83% YoY to ₹223 million, reflecting a diluted EPS of ₹11.68, up 72%. For the full fiscal year, net revenues reached ₹10,759 million, a 42% increase, while EBITDA rose 67% to ₹1,280 million, achieving a 12% margin. PAT for FY25 was ₹814 million, marking a 61% rise.

**Strategic Initiatives and Growth Drivers:**

The company is strategically expanding its geographic footprint, with ongoing efforts in Daman, Delhi, and Chhattisgarh, while preparing for launches in Maharashtra and Uttar Pradesh. The new Ready-to-Drink (RTD) line is set to commence operations by June.

**Business Developments:**

AABL's IMFL proprietary segment saw a robust 26% volume growth YoY, driven by strong brand performance and the premium offerings. The establishment of its 40 MLPA ethanol plant, which began operations in January 2024, is expected to enhance revenue contributions significantly.

**Market Position and Competitive Advantage:**

With a dominant presence in Madhya Pradesh, holding a 20-25% market share, AABL has positioned itself as a key player in the IMIL and IMFL segments. Recent launches of super premium products, like “Nicobar” gin, underscore its commitment to premiumisation.

**Investor Implications:**

Positive growth trajectories, bolstered by operational strengths and a strong balance sheet, offer promising investment potential. Investors should watch closely the company’s geographic expansion and product diversification strategies, which aim to capture the growing premium market segment.