Associated Alcohols & Breweries Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Associated Alcohols & Breweries reported consolidated Q1 FY27 income from operations of INR2,809 million, up 5% year-on-year, with EBITDA margin at 11% and PAT margin at 6%. The IMFL proprietary business posted its highest ever quarterly revenue of INR729 million, growing 58% year-on-year in value and 40% in volume, while the ethanol segment saw margin pressure from oversupply and lower government quota allocation. Management discussed progress on the SDF Kerala bottling facility, malt maturation for a planned single malt launch, and upcoming tequila and RTD product rollouts.
Associated Alcohols & Breweries reported flattish overall top-line growth in FY26 due to the transition of its Inbrew business from an IMFL licensing agreement to a contract manufacturing model, while its proprietary IMFL portfolio grew 32% year-on-year in volume for the full year and 37% in Q4. The company commissioned a 6,000 KLPD malt facility during the year and announced the acquisition of SDF Industries Limited, a distillery-cum-bottling unit in Kerala, on 16th April 2026. Management discussed segmental performance across IMFL, IMIL, ethanol and Merchant ENA, noting ethanol volumes declined 35% year-on-year due to industry oversupply while Merchant ENA volumes grew 129%.