Associated Alcohols & Breweries Limited (507526) Earnings Call Transcripts

Associated Alcohols & Breweries Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Associated Alcohols & Breweries Limited reported net revenue of INR 239 crores, with a 13% year-on-year increase in EBITDA to INR 40 crores, reflecting improved operational efficiencies. The company experienced significant volume growth in its proprietary IMFL portfolio, achieving a 37% increase year-on-year. Management has set a target for double-digit revenue growth of over 10% for FY '27, with expectations of 25-30% growth in the IMFL segment, driven by new product launches and market expansions.

Reported metrics

Guidance from management

Management expects over 10% revenue growth for FY '27, with the IMFL proprietary brands projected to grow at 25-30%. They have maintained an EBITDA margin guidance of 15%.

What management said

The main reason of ethanol volume going down was the oversupply of ethanol in India. That's why we got a lesser allocation. But now new opportunities which are coming up is that OMCs, we are also looking at OMCs. And other than OMCs, we are also looking at other private players to sell ethanol to them. And then apart from that, present geopolitical situation, at the prices of crude, government is also considering to ...

So because of the wall, the major impact which has come is the increase in the packaging material cost, primarily the fine bottles and paper and aluminum. That is the major impact. And if the petrol price goes up substantially, then it will have a further impact in transportation as well.

What analysts pressed on

Analysts expressed concerns regarding the ethanol business due to declining volumes and profitability. Additionally, there were questions about the impact of rising packaging costs on margins and the timeline for new product launches.

Main topics on the call

• Strong Volume Growth in IMFL Portfolio — The proprietary IMFL portfolio delivered a remarkable 37% year-on-year volume growth in Q4 FY '26, with revenue from this segment increasing by 38% to INR 50 crores. Management noted, "Our proprietary MSL portfolio has d...
• Acquisition of SBF Industries — The acquisition of SBF Industries Limited is expected to enhance operational efficiencies and strengthen in-house bottling capabilities. This strategic move aims to fortify the company's presence in Kerala, where it has ...
• Ethanol Business Challenges — Ethanol volumes decreased by 35% year-on-year due to oversupply in the industry, impacting revenue. Management indicated that improvements are expected with potential changes in the ethanol blending policy, stating, "If ...
• Future Product Launches — Management plans to launch new products, including a single malt whiskey within the next 18 months, indicating a focus on premiumization. They stated, "We are steadily building a portfolio that caters to evolving consume...

Read the full Associated Alcohols & Breweries Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 4 Associated Alcohols & Breweries Limited earnings call transcripts on record, spanning January 27, 2025 to July 27, 2026. Based on this history, Associated Alcohols & Breweries Limited reports semi-annually. The most recent call on file is dated July 27, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

507526

Exchange

BSE

Country

IN

Sector

Consumer Staples

Industry

Beverages

Calls on record

4

First call

January 27, 2025

Most recent

July 27, 2026

Reporting cadence

semi-annually