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Associated Alcohols & Breweries Ltd
NSE:ASALCBR

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Associated Alcohols & Breweries Ltd
NSE:ASALCBR
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Price: 717.95 INR -1.35% Market Closed
Market Cap: ₹13.6B

Associated Alcohols & Breweries Ltd
Investor Relations

Associated Alcohols & Breweries Ltd. engages in the manufacture and trading of Extra Neutral Alcohol, Indian Made Indian Liquor and Indian Made Foreign Liquor. The company is headquartered in Indore, Madhya Pradesh and currently employs 547 full-time employees. The Company’s principal business is manufacturing and trading of extra neutral alcohol (ENA), Indian Made Indian Liquor (Country Liquor), Indian Made Foreign Liquor and hand sanitizer. The company also manufactures alcoholic beverages. Its product portfolio includes Central Province Whisky, Titanium Triple Distilled Vodka, James McGill Whisky, Jamaican Magic Rum, Super Man Series, and Bombay Special Series. The Company’s contracted manufacturing brands include Black Dog Scotch Whisky, VAT 69 Scotch Whisky, Smirnoff Vodka, and Black & White Scotch Whisky. The Company’s licensed brands/franchised brands include Bagpiper Deluxe Whisk, Directors Special Whisky, Flavoured White Mischief, Director’s Special Gold Whisky, and McDowell’s No. 1 XXX Rum. The firm has manufacturing facility is located in Khodigram (Barwaha district, Khargone, Madhya Pradesh.

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Last Earnings Call
Fiscal Period
Q3 2026
Call Date
Feb 5, 2026
AI Summary
Q3 2026

Revenue Flat QoQ: Management expects FY '26 revenue to end broadly in line with FY '25, with Q4 expected to be the strongest quarter.

Margin Expansion: EBITDA margin for Q3 FY '26 rose to 16%, up from 12% last year, driven by lower raw material costs and improved product mix.

Premiumization Focus: Company is deepening presence in premium segments, expanding into new geographies, and launching new products including tequila, brandy, and RTDs.

IMFL Proprietary Growth: Proprietary IMFL volumes grew 32% YoY for 9 months FY '26, with revenue up 30% YoY.

Licensed IMFL Decline: Licensed IMFL volumes and revenues declined due to transition from license arrangement with Inbrew to contract manufacturing.

Ethanol Oversupply: Ethanol supply exceeds demand, but company is exploring private party sales to manage this.

CapEx & Expansion: Ongoing investments in malt maturation and plans to acquire more distillery units to support pan-India growth.

Key Financials
Net Revenue (Q3 FY '26)
INR 260 crores
EBITDA (Q3 FY '26)
INR 42 crores
EBITDA Margin (Q3 FY '26)
16%
Gross Margin (Q3 FY '26)
46%
Profit After Tax (Q3 FY '26)
INR 27 crores
PAT Margin (Q3 FY '26)
10%
Net Revenue (9M FY '26)
INR 781 crores
EBITDA (9M FY '26)
INR 103 crores
PAT (9M FY '26)
INR 65 crores
IMFL Proprietary Volume (9M FY '26)
1.7 million cases
IMFL Licensed Volume (9M FY '26)
1.02 million cases
IMFL Proprietary Revenue (9M FY '26)
INR 127 crores
IMFL Licensed Revenue (9M FY '26)
INR 122 crores
Merchant ENA Volume (9M FY '26)
14.7 million liters
Ethanol Volume (9M FY '26)
25 million liters
Merchant ENA Revenue (9M FY '26)
INR 100 crores
Ethanol Revenue (9M FY '26)
INR 178 crores
Raw Material Cost (Q3 FY '26)
Around INR 20,000
Other Earnings Calls

Management

Mr. Anshuman Kedia
CEO & Whole Time Director
No Bio Available
Mr. Prasann Kumar Kedia
MD & Executive Director
No Bio Available
Mr. Sanjay Kumar Tibrewal
President of Purchase
No Bio Available
Mr. Ankit Agrawal
Group Chief Financial Officer of Associated Kedia Group
No Bio Available
Mr. Tushar Bhandari
CFO & Whole-Time Director
No Bio Available
Mr. Vashisht Narayan Dubey
Vice President of Legal
No Bio Available
Mr. Sanjay Kumar Tulsyan
Head of Marketing
No Bio Available
Mr. Rajeev Nema
Head of Human Resources
No Bio Available
Mr. Harshan Kumar Bhandari
Senior Executive & Plant Head
No Bio Available
Mr. Arun Sahni
Unit Head
No Bio Available

Contacts

Address
MADHYA PRADESH
Indore
BPK Star Tower, 4th Floor, ,, AB Road
Contacts
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