Associated Alcohols & Breweries Ltd. — PPTs, 10-11-2025: Investor Presentation

Associated Alcohols & Breweries (AABL) saw mixed results in Q2 FY26, with net revenue flat YoY at ₹253.8 Cr and profit after tax (PAT) down 9% to ₹14 Cr. However, H1 FY26 showcased stronger growth: net revenue rose 3% YoY to ₹520.5 Cr, PAT increased 14% to ₹37.7 Cr, and EBITDA margin expanded to 12%. Its own IMFL brands saw impressive 37% volume growth in Q2.

AABL is strategically shifting towards premiumisation, launching new brands like Nicobar Gin, Hillfort Whisky, and Central Province Vodka, aiming for a 50% revenue share from premium products. Geographical expansion is also key, with new entries into Maharashtra and Uttar Pradesh. Key initiatives include commissioning a new 6,000 LPD Malt plant for premium whiskies and 85% utilization at its Ethanol plant.

New products like Ready-to-Drink (RTD) are set for H2 FY26, with Tequila and Premium Brandy also coming by end of FY26. Management projects strong growth: 15-18% for proprietary IMFL and 18-20% for premium lines. The company maintains a strong balance sheet, fueling expansion through internal accruals, aiming to be a top 10 IMIL/IMFL player nationwide.