Associated Alcohols & Breweries Ltd (NSE:ASALCBR)
₹ 764.25 -4.55 (-0.59%) Market Cap: 15.37 Bil Enterprise Value: 15.38 Bil PE Ratio: 17.55 PB Ratio: 2.17 GF Score: 94/100

Q1 2027 Associated Alcohols & Breweries Ltd Earnings Call Transcript

Jul 27, 2026 / 09:30 AM GMT
Release Date Price: ₹791.7 (-3.62%)

Key Points

Positve
  • Associated Alcohols & Breweries Ltd (BOM:507526) reported its highest ever quarterly IMFL proprietary revenue of $729 million, marking a 58% year-on-year growth in value.
  • The CP Series, including CP Rum, Vodka, and Whiskey, showed impressive growth with a 260% year-on-year volume increase.
  • The company is expanding its product portfolio with the launch of premium tequila and brandy, targeting new markets like Madhya Pradesh and Kerala.
  • Backward integration initiatives are progressing well, with plans to enhance profitability through malt maturation and the launch of single-malt whiskey.
  • The company is entering the ready-to-drink (RTD) segment, which is a fast-growing market, with plans to expand across eight additional states.
Negative
  • Ethanol segment faced challenges with lower realizations due to oversupply and lower quota allocation by the government.
  • Margins in the ethanol business were under pressure, with a reported negative EBITDA margin due to increased grain prices.
  • The IMFL license business experienced a decline due to changes in business arrangements from licensing to contract manufacturing.
  • The company faces challenges in scaling its Hillford brand due to tough competition and changing consumer preferences.
  • The ethanol business adds volatility to earnings, with current raw material costs leading to losses at current realization prices.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ASAL.NS - Associated Alcohols & Breweries Ltd
Q1 2027 Associated Alcohols & Breweries Ltd Earnings Call
Jul 27, 2026 / 09:30AM GMT

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Presentation
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Unidentified_1 [1]
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And gentlemen, good day and welcome to Associated Alcohol and Breweries Limited Q1 FY27 Earnings Conference Call.

As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation continues.

Should you need assistance during the conference call, please signal an operator by pressing star, then zero on your touchstone phone. Please note that this call is being recorded.

I now hand the conference over to Ms. Ridhi Shah from Go India Advisors.

Thank you and over to you, ma'am.

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