Q1 2025 Associated Alcohols & Breweries Ltd Earnings Call Transcript
Key Points
- Achieved an all-time high quarterly revenue of INR252 crores in Q1 FY25.
- Launched new premium products, including Hillfort whiskey and Nicobar gin, expanding the IMFL proprietary brands portfolio to nine.
- Strong partnerships with Diageo and Inbrew, expected to drive future growth and enhance operating margins.
- Commissioned a 130 KLPD ethanol plant, now operating at full capacity, contributing to improved operational efficiency and margins.
- Geographic expansion into new states, including Delhi, Chhattisgarh, and West Bengal, expected to drive double-digit revenue growth.
- High grain prices and elevated costs for packing materials, impacting overall profitability.
- IMFL proprietary revenue growth was nearly stagnant in FY23 and FY24.
- Significant reliance on Madhya Pradesh for revenue, with 40% of IMFL proprietary sales coming from the state.
- Seasonal fluctuations in IMFL licensed brand volumes, with Q4 typically being the highest quarter.
- Ongoing challenges in registering new products in targeted states, which is a lengthy and complex process.
Ladies and gentlemen, good day, and welcome to the Associated Alcohol and Breweries limited Q1 FY25 earnings conference call hosted by GO India Advisors. (Operator Instructions) Please note that this conference is being recorded. And I now hand the conference over to Ms. Priya Sen from Go India Advisors. Thank you and over to you, ma'am.
Thank you, Neha. Good afternoon, everybody, and welcome to Associated alcohols and Breweries Limited earnings conference call to discuss the Q1 FY25 results. We have on the call Mr. Anshuman Kedia, Whole-Time Director and Mr. Ankit Agarwal, Chief Financial Officer. We must remind you that the discussion on today's call may include certain forward-looking statements and must be therefore viewed in conjunction with the risks that the company faces. May I now request Mr. Anshuman Kedia to take us through the company's business outlook and performance, subsequent to which we will open the floor for Q&A. Thank you, and over to you, sir.
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