Associated Alcohols & Breweries Limited announced its financial results for the quarter and year ended 31 March 2026, reporting a 9% year-on-year increase in net profit to INR 885 Mn for FY26, up from INR 814 Mn in the previous year. The company's EBITDA grew by 12% to INR 1,429 Mn, with the EBITDA margin expanding by 200 basis points to 14%. For the fourth quarter of FY26, net profit increased by 5% to INR 235 Mn, while EBITDA rose 13% to INR 403 Mn, supported by a 200 bps expansion in EBITDA margin to 17%.

Operational Highlights and Segment Performance

The company demonstrated robust operational performance during Q4 FY26, with IMFL Proprietary volume growing by 37% year-on-year. ENA operating at full capacity utilization saw sales volume increase by 129% YoY to 7 Mn litres in Q4 FY26. Despite a 2% YoY decline in net revenues from operations to INR 2,385 Mn in Q4, gross profit margin improved from 43% to 49% due to softening raw material prices. For the full year FY26, net revenue from operations stood at INR 10,194 Mn compared to INR 10,759 Mn in FY25.

Strategic Investments and Acquisitions

Associated Alcohols & Breweries disclosed significant capital expenditures aimed at expanding its manufacturing capabilities and market presence. The company has incurred a capex of INR 550 Mn for its malt plant, with an additional INR 150 Mn expected to be spent on casks in FY27. Furthermore, the company announced plans to invest INR 100 Mn towards automation of its bottling unit. In a strategic move to strengthen its position in Kerala, the company acquired SDF Industries in April 2026 for a total consideration of INR 30.85 Cr, adding a bottling capacity of 4.3 Mn cases per annum.

Financial Position and Outlook

The company maintains a strong balance sheet with a net debt-to-equity ratio of (0.09)x as of FY26, indicating a net cash position. The interest coverage ratio stands at 23x. Management expressed confidence in future growth, driven by a focus on premiumisation, expansion into new geographies such as Odisha, and the maturation of the malt plant. The company targets a position among the top 10 IMFL companies in India with a Pan-India presence.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE073G01016/3ff8b816-5a0d-42e0-a7a9-0c26a3fe8b5b.pdf

Associated Alcohols & Breweries has intimated the stock exchanges of an upcoming Board of Directors meeting scheduled for Monday, May 18, 2026, pursuant to Regulation 29 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The meeting will be held at the company's registered and corporate office located at 4th Floor, BPK Star Tower, A.B. Road, Indore, Madhya Pradesh – 452008.

Agenda for the Board Meeting

The board is set to deliberate on several key matters during the meeting. The following table outlines the primary agenda items:

The board's consideration of both standalone and consolidated audited financial statements underscores the company's compliance with applicable regulatory disclosure requirements.

Trading Window Closure

In accordance with the company's code of conduct for the prohibition of insider trading under SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the company's securities has been closed effective April 1, 2026. The closure will remain in effect until the completion of 48 hours after the declaration of financial results.

All directors, designated employees of the company, and their relatives have been duly intimated to refrain from entering into any transaction involving the equity shares of the company during the period of trading window closure.

Company Details

The intimation was signed by Abhinav Mathur, Company Secretary and Compliance Officer, on May 9, 2026. Key details of the company are as follows:

The board meeting notification was filed with both BSE Limited and the National Stock Exchange of India Limited in compliance with applicable listing regulations.