Associated Alcohols & Breweries Ltd
Associated Alcohols & Breweries Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
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The short version
The company targets around 30% to 35% year-on-year growth in its own IMFL Proprietary brands, building on the 35% increase seen recently. The company targets around 30% to 35% growth in its proprietary IMFL brands, which is expected to continue in the coming years.
From Associated Alcohols & Breweries Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company targets around 30% to 35% year-on-year growth in its own IMFL Proprietary brands, building on the 35% increase seen recently.
- Revenue guidance expects approximately 10% overall growth.
- The focus is on expanding proprietary IMFL brands, premium offerings, and entering new geographies like Maharashtra and Uttar Pradesh.
- Initial sales in Maharashtra and UP are positive but volumes are currently low, expected to stabilize in about one quarter.
- Growth in segments like gin (Nicobar Gin) is around 15%, while tequila is a fast-growing category with plans for aggressive expansion following regulatory approvals.
2 more points from Associated Alcohols & Breweries Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Commissioned malt plant in Barwaha with a capacity of 6,000 liters per day, a key milestone in backward integration ensuring quality and cost optimization.
- Capex of INR 55 crores incurred for malt plant; an additional INR 55-60 crores expected in casks over next 2-3 years to support premium whisky portfolio.
- Bidding for SDF Industries manufacturing unit in Palakkad to gain greater control over manufacturing, increase sales capacity, and bridge gap with top competitors.
- Focus on expanding proprietary IMFL portfolio and own brand building, reducing reliance on contract manufacturing.
- Strategic expansion into new states (Maharashtra, Uttar Pradesh, Rajasthan, Jharkhand, Goa, Mahe, Assam, Odisha) requiring investment in distribution and marketing infrastructure.
2 more points from Associated Alcohols & Breweries Ltd's call on capex
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Top-ranked in Beverages
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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Associated Alcohols & Breweries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹238 Cr, net profit ₹24 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Assoc.Alcohols's management said in earlier quarters
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Potential multibaggers · Q2 FY27
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on management's own guidance
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Associated Alcohols & Breweries Ltd Q2 FY26 results?
The company targets around 30% to 35% year-on-year growth in its own IMFL Proprietary brands, building on the 35% increase seen recently. The company targets around 30% to 35% growth in its proprietary IMFL brands, which is expected to continue in the coming years.
What is Associated Alcohols & Breweries Ltd share price analysis?
Associated Alcohols & Breweries Ltd currently shows a neutral. The stock trades at a P/E of 17.3 with a market cap of ₹1,434 Cr. Investors should review the full earnings analysis for detailed insights.
Is Associated Alcohols & Breweries Ltd planning capital expenditure?
Commissioned malt plant in Barwaha with a capacity of 6,000 liters per day, a key milestone in backward integration ensuring quality and cost optimization.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.