Investor Presentation

Here's a summary of AABL's Q1FY26 investor presentation: **Financial Highlights:** AABL delivered strong Q1FY26 results: Net Revenue stood at ₹266.7 Cr (+6% YoY), EBITDA surged to ₹37.1 Cr (+32% YoY) with margins expanding to 14%, and PAT grew to ₹23.7 Cr (+34% YoY) with 9% margins.

Proprietary IMFL volumes jumped 31% YoY, supported by softening rice prices which boosted gross margins.

The company maintains a robust balance sheet with a low 0.04x Net Debt/Equity. **Strategic Initiatives & Growth Drivers:** The company is aggressively pursuing premiumization, launching 'Nicobar' gin & 'Hillfort' whiskey, with Premium RTDs and other spirits planned.

The recently commissioned Ethanol plant achieved 100% utilization, diversifying revenue.

A malt plant is set for Sep 2025 production.

Geographic expansion is underway, targeting key states like Maharashtra & UP for wider reach. **Business Developments:** AABL's proprietary IMFL segment saw significant volume growth, while licensed IMFL experienced a slight dip due to industry trends.

The company demonstrated strong success in Kerala, hitting 1 million cases in just 4 years.

Long-term partnerships with Diageo and Inbrew underpin its integrated business model across the liquor value chain. **Market Position & Competitive Advantage:** AABL boasts India's largest integrated liquor manufacturing facility at a single location, offering flexible feedstock use and energy self-sufficiency (10.5 MW captive power). Its four decades of expertise, coupled with strategic partnerships and a financially sound position, provide a distinct competitive edge in the market. **Investor Implications:** These results highlight AABL's solid execution in boosting profitability through strategic premiumization and operational efficiencies.

The expansion into new geographies and full utilization of new capacities indicate a positive growth trajectory.

Robust financials offer comfort for future strategic investments.