AABL reports Q2 FY'26 results, expansion, and new CFO

AABL announced strong Q2 FY'26 results, with proprietary IMFL brands achieving 37% year-on-year volume growth and 35% value growth, supported by an improved product mix and expanded distribution. Net revenue from operations stood at INR253 crores, broadly flat year-on-year, primarily due to a shift in Inbrew’s business model. EBITDA for the quarter was INR240 million, down 4% year-on-year, translating to a 9% EBITDA margin. Profit after tax reached INR140 million with a PAT margin of 6%.

The company is strategically expanding its presence into new geographies like Maharashtra and Uttar Pradesh, with plans to enter Pondicherry, Goa, Odisha, and Jharkhand. AABL also commissioned its malt plant in Barwaha with a capacity of 6,000 liters per day, incurring a capex of INR55 crores and an additional INR55-60 crores expected for casks over the next 2-3 years. The newly launched Central Province Orange Vodka has captured around 15% market share in Madhya Pradesh.

Mr. Dilip Kumar Inani has joined as the new chief financial officer. AABL targets 30-35% revenue growth in proprietary IMFL brands, with an EBITDA margin guidance of 8-11% on a consolidated basis. The company also announced plans to launch a tequila product in January 2026.