Associated Alcohols & Breweries Ltd. has informed the Exchange about Transcript
ASALCBR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Associated Alcohols & Breweries reported Q1 FY26 revenue of Rs. 276 crore, up 6% YoY, with EBITDA of Rs. 37 crore (up 32% YoY) and PAT of Rs. 24 crore at a 9% margin. Proprietary IMFL grew 21% in revenue and 31% in volume, driven by Hillfort whiskey, Nicobar Gin, and the newly launched Central Province Vodka which captured 4-5% market share in Madhya Pradesh within its first month. The company is expanding geographically into Maharashtra, Uttar Pradesh, Goa, and Puducherry, with plans to launch a new RTD brand 'Culture,' brandy before Diwali, and tequila within 2-3 months. Full-year CapEx is pegged at Rs. 100 crore, focused on a new malt plant and maturation facility for backward integration. The Inbrew partnership shifts from franchisee to contract manufacturing from next month, which will trim top line, though management plans to offset this via own premium brand growth. Ethanol margins held steady with full allocations secured.
Strong 32% EBITDA growth signals margin resilience and operational leverage from premiumization, which is positive for earnings. Near-term top line may look soft due to the Inbrew contract change and modest 6% revenue growth, but long-term story remains intact given pan-India expansion, backward integration, and a full premium portfolio build-out.