Associated Alcohols & Breweries Ltd reported consolidated revenue from operations of ₹2.65 billion in the December 2025 quarter, reflecting a decline compared to last year’s performance. Despite revenue pressures, the company posted a net profit of ₹273 million, up 4.6% year-on-year, highlighting resilience amid challenging market conditions and rising input costs.
Associated Alcohols & Breweries Posts Mixed Q3 Results Amid Industry Headwinds
India’s leading liquor manufacturer, Associated Alcohols & Breweries Ltd, announced its December 2025 quarter results, showing a consolidated revenue of ₹2.65 billion. While sales dipped compared to the previous year, profitability improved modestly, underscoring the company’s ability to manage costs and sustain growth in a competitive environment.
Notable Updates
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Revenue from operations: ₹2.65 billion in Q3 FY26.
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Standalone sales: ₹260.38 crore, down 20.3% year-on-year.
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Net profit: ₹273 million, up 4.6% YoY from ₹261 million.
Major Takeaways
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Revenue decline reflects sluggish demand and higher excise duties in key markets.
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Profit growth driven by cost optimization and premium product sales.
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The company continues to expand its portfolio of IMFL (Indian Made Foreign Liquor) brands.
Important Points
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Associated Alcohols remains a key supplier to Diageo India, strengthening its contract manufacturing business.
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Analysts caution that margin pressures may persist due to rising raw material costs.
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The company’s focus on premiumization and exports could offset domestic challenges in the coming quarters.
Sources: Business Standard, Kotak Neo, Reuters, Associated Alcohols & Breweries Ltd Investor Filings