Associated Alcohols & Breweries Ltd. has informed the Exchange about Investor Presentation
ASALCBR · price
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Associated Alcohols & Breweries (AABL) shared its Q1FY26 earnings presentation. Net revenue grew 6% YoY to ₹2,667 Mn, while EBITDA jumped 32% YoY to ₹371 Mn with margins expanding 300 bps to 14%, aided by softening rice prices (correcting from ₹25,500/MT to ₹23,500/MT). Profit after tax rose 34% YoY to ₹237 Mn, with diluted EPS at ₹12.43 (up 27%). IMFL Proprietary volumes surged 31% YoY, led by premium brands like Nicobar and Hillfort, while IMFL Licensed volumes dipped 6% due to industry-wide slowdown. The company launched in Maharashtra and UP, with Puducherry and Goa next on the list. The 6,000 LPD malt plant is set to commence in September 2025, and the ethanol plant is running at 100% utilisation. A new Single Malt Plant and Bottling Plant expansion is planned with FY26E capex of ₹1,000 Mn, to be funded entirely through internal accruals.
Strong quarterly beat on margins and earnings, supported by easing input costs and premiumisation-led volume growth in the proprietary portfolio, should be viewed positively by investors. Low gearing (0.04x net debt/equity), robust cash flows, and a clear expansion roadmap (malt plant, single malt, pan-India push) provide comfort on growth visibility.