Outcome earnings call
ASALCBR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Associated Alcohols & Breweries reported Q4 FY26 net revenue of Rs 2,385 million (down 2% YoY) with EBITDA of Rs 403 million at 17% margin, improving 200 bps YoY. FY26 full-year revenue was Rs 10,194 million (down 5% YoY) with EBITDA of Rs 1,429 million at 14% margin and PAT of Rs 885 million (up 9% YoY). IMFL Proprietary volume surged 37% YoY in Q4, while ENA sales volume jumped 129% YoY to 7 million litres. Gross profit margin expanded from 43% to 49% YoY due to softening raw material prices. Credit rating was upgraded from A- Stable to A- Positive. The company acquired SDF Industries in April 2026 for Rs 30.85 crore to strengthen bottling operations in Kerala.
Strong operational performance with margin expansion and credit upgrade signals improving financial health. The focus on high-margin IMFL proprietary brands and geographic expansion should support future growth, though ethanol segment remains subdued due to industry oversupply.