Associated Alcohols & Breweries Limited (AABL), a prominent player in India's distilling industry, has added another feather to its cap. The company, part of the Associated Kedia Group, has been honored with the 'Barclays Private Clients Hurun India Legacy Builder of India's Distilling Industry' award. This prestigious recognition underscores AABL's enduring legacy, leadership, and significant contributions to the Indian distilling sector.

Award Ceremony Details

The award was presented at a ceremony held at the Four Seasons Hotel in Worli, Mumbai. The event, jointly organized by Hurun India and Barclays Private Clients, brought together luminaries from the business world to celebrate excellence in various industries.

Key Recipients

The award was received by key members of the Associated Kedia Group:

• Anshuman Kedia: Whole Time Director & CEO
• Anand Kedia: Promoter
• Garima Kedia: Member of the promoter group

Their presence at the ceremony highlights the company's strong leadership and family-driven ethos.

Corporate Disclosure

In compliance with regulatory requirements, Associated Alcohols & Breweries Limited promptly informed the stock exchanges about this achievement. The company filed an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating its commitment to transparency and corporate governance.

About Associated Alcohols & Breweries Limited

Associated Alcohols & Breweries Limited, with its registered office in Indore, Madhya Pradesh, has been a key player in the Indian alcoholic beverage industry. The company operates a plant in Khodigram, Tehsil Barwaha, District Khargone, showcasing its strong manufacturing presence in the region.

This award serves as a testament to AABL's long-standing commitment to excellence in the distilling industry. It not only recognizes the company's historical contributions but also acknowledges its ongoing role in shaping the future of the sector.

As Associated Alcohols & Breweries Limited continues to build on its legacy, this recognition from Barclays Private Clients and Hurun India is likely to further cement its position as a leader in India's dynamic and growing distilling industry.

Associated Alcohols & Breweries Ltd (AABL) has unveiled ambitious plans for nationwide expansion, aiming to achieve 15-20% yearly growth in its premium Indian Made Foreign Liquor (IMFL) segment. The company's strategy focuses on brand improvement and entering new markets across India.

Expansion into New Markets

AABL is set to expand its footprint beyond its current presence in Madhya Pradesh, Chhattisgarh, Kerala, Delhi, and West Bengal. The company has identified Maharashtra, Puducherry, Uttar Pradesh, Karnataka, and Goa as target markets for its expansion drive. This move is expected to significantly boost AABL's market presence and revenue streams.

Focus on Premium IMFL Products

The company's growth strategy is centered on its premium IMFL offerings. AABL has reported a 31% year-on-year growth in IMFL proprietary volumes, driven by strong brand performance and robust consumer traction for premium offerings. The company's portfolio includes popular brands such as Central Province Whisky, Titanium Vodka, and the recently launched premium products Nicobar Gin and Hillfort Premium Blended Malt Whisky.

Financial Performance

For the most recent quarter, AABL reported:

Ethanol Capacity Maximization

As part of its diversification strategy, AABL aims to maximize its ethanol production capacity. The company's 40 MLPA ethanol plant, commissioned in January 2024, has achieved 100% utilization in the recent quarter. This move is expected to boost profits and revenue, capitalizing on the government's Ethanol Blending with Petrol (EBP) program.

Upcoming Projects

AABL has several projects in the pipeline to support its growth objectives:

1. Malt Plant: A 6,000 LPD malt plant is set to commence production.
2. UP Bottling and Distillery Unit: The company is setting up a new facility in Uttar Pradesh through its wholly-owned subsidiary, Associated Alcohols and Breweries (Awadh) Limited.
3. Ready-to-Drink (RTD) Products: Launch scheduled for the near future, slightly delayed due to equipment-related issues.

Market Expansion and Brand Development

AABL has successfully launched its products in Maharashtra and Uttar Pradesh, with plans to enter Puducherry and Goa next. The company is maintaining momentum across key brands like Central Province, Vodka, Hillfort, and Nicobar.

Conclusion

Associated Alcohols & Breweries Ltd's expansion plans and focus on premium products position it for strong growth in the coming years. With a diversified product portfolio, increasing focus on IMFL business, and strategic market expansion, AABL is poised to capitalize on the growing demand for premium alcoholic beverages in India.

The company's strong financial performance, coupled with its expansion initiatives, reflects its commitment to becoming a pan-India player in the alcoholic beverage industry. As AABL continues to execute its growth strategy, investors and industry observers will be watching closely to see if the company can achieve its ambitious 15-20% annual growth target in the premium IMFL segment.