Associated Alcohols & Breweries Ltd
Associated Alcohols & Breweries Q3 FY25 earnings call: Revenue & Margins
Q3 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
Proprietary IMFL brand sales expected to constitute around 50%-60% of top-line over the long term. IMFL proprietary brand volume is expected to grow sustainably at 12%-15%, supporting revenue growth.
From Associated Alcohols & Breweries Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Proprietary IMFL brand sales expected to constitute around 50%-60% of top-line over the long term.
- New premium products (Nicobar gin and Hillfort whiskey) showing steady growth; volumes currently ~3,000 cases, expected to scale fast.
- Expansion into large states like UP, Maharashtra, and Goa underway, with market-share gains anticipated, especially in Kerala and similar markets.
- Ethanol plant running at optimum capacity; revenues around INR68-70 crores expected to sustain.
- Contract manufacturing business growing substantially, with projected revenue exceeding INR1,200 crores by FY '26.
- RTD and tequila segments expected to grow quickly with RTD forecasted market growth of 17%-20% and tequila 30%-40%.
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Profitability & Margins
See what Associated Alcohols & Breweries Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capex of around INR 100 crores planned each for FY '25 and FY '26, funded through internal accruals and preferential allotment.
- New state-of-the-art bottling hall established with 10 automated lines, involving approximately INR 50 crores capex, primarily for contract manufacturing growth.
- Malt plant expected to start production in April with a capacity of 6,000 liters per day.
- Ongoing investment in a single malt plant aligns with long-term vision for premium, high-quality products.
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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
See what Associated Alcohols & Breweries Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The company operates on a yearly tender basis for supplying Country Liquor (IMIL) in specific districts.
- They are the sole supplier in those districts and supply volumes as per tender wins.
- The IMIL segment is expected to stabilize and grow only at the pace of the tender volumes in those districts.
- For ethanol, the company has secured tenders from OMCs with an allocation of 29,724 kiloliters for the supply year 2024-25.
- The ethanol plant is running at optimum capacity currently, indicating full utilization of current orders.
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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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Frequently Asked Questions
What were Associated Alcohols & Breweries Ltd Q3 FY25 results?
Proprietary IMFL brand sales expected to constitute around 50%-60% of top-line over the long term. IMFL proprietary brand volume is expected to grow sustainably at 12%-15%, supporting revenue growth.
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?
Capex of around INR 100 crores planned each for FY '25 and FY '26, funded through internal accruals and preferential allotment.
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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.