Associated Alcohols & Breweries Limited has reported mixed financial results for the third quarter, with revenue declining significantly while demonstrating strong profitability and operational efficiency improvements. The company's quarterly revenue dropped to ₹2.64 billion compared to ₹3.34 billion in the corresponding quarter of the previous year, marking a substantial year-on-year decline of 21%.

Strong EBITDA Performance Amid Revenue Challenges

Despite revenue headwinds, the company delivered impressive operational metrics with EBITDA reaching ₹415 million compared to ₹395 million in the previous year, representing a year-on-year growth. More significantly, EBITDA margin expanded substantially to 15.69% from 11.83% in the corresponding quarter of the previous year, indicating enhanced operational efficiency and cost management.

Q3 Financial Performance Overview

The company maintained profitability growth alongside improved margins. Standalone net profit reached ₹273 million compared to ₹261 million in the previous year's corresponding quarter, representing a growth of 4.60%. This performance demonstrates the company's ability to enhance profitability despite challenging top-line conditions.

Board Meeting and Results Approval

The financial results were formally approved during the board meeting held on February 04, 2026, at the company's registered office. The board considered and approved both standalone and consolidated unaudited financial results for the quarter ended December 31, 2025.

Management Communication

Following the results announcement, the company hosted an earnings conference call on February 5, 2026, at 04:00 PM IST. The call was conducted by Go India Advisors and featured key management members including Mr. Anshuman Kedia (Whole Time Director & CEO), Mr. Tushar Bhandari (Whole Time Director), and Mr. Dilip Kumar Inani (Chief Financial Officer).

Company Operations

Associated Alcohols & Breweries Limited operates from its registered office in Indore and maintains its manufacturing plant at Khodigram, Tehsil Barwaha, District Khargone in Madhya Pradesh. The company markets various alcoholic beverage brands including Nicobar, Hillfort, Titanium, CP, Jamaican Magic, and James Mc Gill.

Equity Intelligence India Private, the investment firm led by prominent investor Porinju Veliyath, has made a strategic acquisition in Associated Alcohols & Breweries during the third quarter. The firm acquired a 1.05% stake in the company, marking a notable investment move in the alcoholic beverages sector.

Investment Details

The stake acquisition by Equity Intelligence India Private represents a significant institutional investment in Associated Alcohols & Breweries. The 1.05% shareholding demonstrates the firm's confidence in the company's business model and growth prospects within the alcoholic beverages industry.

Strategic Significance

Porinju Veliyath, known for his investment acumen and market insights, leads Equity Intelligence India Private in identifying value opportunities across various sectors. This acquisition in Associated Alcohols & Breweries adds to the firm's portfolio diversification strategy and reflects institutional interest in the alcoholic beverages segment.

Market Impact

The investment by a well-regarded institutional investor like Equity Intelligence India Private typically signals positive sentiment toward the target company. Such strategic acquisitions often indicate thorough due diligence and confidence in the company's operational performance and future potential within its sector.