The shares of one of the leading suppliers of Indian-made foreign liquor (IMIL) rose 8% to ₹862 per share after the company reported net profit growth of 50% in Q1FY25.
At 1:45 p.m., Associated Alcohols & Breweries Ltd shares were trading at Rs 822.30 a share, up Rs 24 or 3.01 percent from the previous close price on the Exchange, and the company has a market capitalization of Rs 1,501 crores.
What Happened: Associated Alcohols & Breweries Ltd reported strong financial performance for Q1 FY25, achieving a consolidated net profit of ₹18 crores a 50% increase compared to the same quarter last year. Total revenue for the quarter reached ₹252 crores, marking a 61% rise from the previous year’s quarter.
In comparison to the previous quarter, Q4 FY24, the company’s consolidated net profit remained at ₹18 crores, reflecting a 50% increase from that period. Additionally, the total revenue for the fiscal year saw a 4% growth, totaling ₹252 crores.
About the company: Associated Alcohols & Breweries Ltd is in the business of manufacturing and trading ENA, Indian Made Indian Liquor, Indian Made Foreign Liquor, and Hand sanitizer.
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The company is a leading producer of Extra Neutral Alcohol (ENA) in India and is actively involved in the promotion and distribution of various liquor brands. To leverage favorable government policies, it is expanding into grain-based ethanol production, with a new capacity of 40 million liters per annum (MLPA) for FY24. Additionally, the company owns a portfolio of nine proprietary brands.
The company’s well-known brand portfolio features James McGill Whisky, Bombay Special Series, McDowell’s No. 1 Rum, Black & White Whiskey, Signature Whiskey, VAT 69 Whiskey, and several others.The company generates 58% of its revenue from B2B sales and 42% from B2C sales.
Shares of Associated Alcohols & Breweries Ltd have increased by 66% over the past six months and by 65% year-to-date.
Written by Omkar Chitnis
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