Associated Alcohols & Breweries Ltd. — PPTs, 08-08-2025: Investor Presentation

Here's a summary of AABL's Q1FY26 investor presentation:

**Financial Highlights:**

AABL delivered strong Q1FY26 results: Net Revenue stood at ₹266.7 Cr (+6% YoY), EBITDA surged to ₹37.1 Cr (+32% YoY) with margins expanding to 14%, and PAT grew to ₹23.7 Cr (+34% YoY) with 9% margins. Proprietary IMFL volumes jumped 31% YoY, supported by softening rice prices which boosted gross margins. The company maintains a robust balance sheet with a low 0.04x Net Debt/Equity.

**Strategic Initiatives & Growth Drivers:**

The company is aggressively pursuing premiumization, launching 'Nicobar' gin & 'Hillfort' whiskey, with Premium RTDs and other spirits planned. The recently commissioned Ethanol plant achieved 100% utilization, diversifying revenue. A malt plant is set for Sep 2025 production. Geographic expansion is underway, targeting key states like Maharashtra & UP for wider reach.

**Business Developments:**

AABL's proprietary IMFL segment saw significant volume growth, while licensed IMFL experienced a slight dip due to industry trends. The company demonstrated strong success in Kerala, hitting 1 million cases in just 4 years. Long-term partnerships with Diageo and Inbrew underpin its integrated business model across the liquor value chain.

**Market Position & Competitive Advantage:**

AABL boasts India's largest integrated liquor manufacturing facility at a single location, offering flexible feedstock use and energy self-sufficiency (10.5 MW captive power). Its four decades of expertise, coupled with strategic partnerships and a financially sound position, provide a distinct competitive edge in the market.

**Investor Implications:**

These results highlight AABL's solid execution in boosting profitability through strategic premiumization and operational efficiencies. The expansion into new geographies and full utilization of new capacities indicate a positive growth trajectory. Robust financials offer comfort for future strategic investments.