Assoc Alcohols &Brew

Associated Alcohols & Breweries received communication from BPCL on 15 August for an additional allocation of 87.4 lakh litres of ethanol for Q4 of the 2025-26 Ethanol Supply Year, following a Supreme Court order on allocation methodology. The volume was in addition to the allocation already made to the company. Ethanol accounted for about 20% of the company's FY26 revenue of roughly ₹1,019 crore. Its ethanol segment had remained under pressure from oversupply, while proprietary IMFL volumes grew 32% in FY26.

Powered by Tijori

** Liquor manufacturer Associated Alcohols & Breweries' shares ASAL.NS rise as much as 4.22%, their biggest intraday rise in a month, to 753.7 rupees apiece

** ASAL shares last up 2.2%

** Uptick comes after the High Court of Madhya Pradesh grants a stay on the order passed by the Food Safety and Standards Authority of India (FSSAI) prohibiting the sale of one of the Whiskey and Rum brands manufactured by the company

** ASAL shares are down 22.6% in 2026 so far, according to exchange data

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

Associated Alcohols & Breweries received a Madhya Pradesh High Court stay against an FSSAI order that had prohibited the sale of one of the whiskey and rum brands it manufactured. The court issued the order on 6 August 2026, and the company received it on 12 August. The company’s FY26 revenue mix comprised IMIL at 25%, proprietary IMFL at 17%, licensed IMFL at 15%, ENA at 14%, ethanol at 20% and other businesses at 9%. Proprietary IMFL volumes rose 32% year on year in FY26 and 37% in the fourth quarter. The company reported FY26 revenue of ₹10,194 million and an EBITDA margin of 14%.

Powered by Tijori

Aug 12 (Reuters) - Associated Alcohols & Breweries Ltd ASAL.NS:

• ASSOCIATED ALCOHOLS - STAY GRANTED BY COURT AGAINST FSSAI ORDER PROHIBITING SALE OF ONE OF WHISKEY AND RUM BRANDS OF CO

Source text: [ID:]

Further company coverage: ASAL.NS

(([email protected];))

Associated Alcohols & Breweries received a communication from the Food Safety and Standards Authority of India (FSSAI) prohibiting the sale of one whiskey and one rum brand, citing that the declaration of 'artificial flavour' on labels is not in conformity with food safety regulations. The company stated that the labelling practice is in line with long-standing industry norms and is approaching the High Court for immediate intervention. The proprietary IMFL segment, which includes such brands, has been a key growth driver for the company, with volumes rising 32% year-on-year in FY26 and momentum continuing into the first quarter of FY27. Revenue for the year to March 2026 stood at ₹1,019 crore, with an EBITDA margin of 14%, supported by a portfolio of 17 proprietary brands including Hillfort and Nicobar. The industry bodies CIABC and ISWAI have also taken up the matter with FSSAI, arguing that the labelling approach is consistent with established practice. The company is in the process of assessing the operational and financial impact.

Powered by Tijori

May 18 (Reuters) - Associated Alcohols & Breweries Ltd ASAL.NS:

• ASSOCIATED ALCOHOLS BREWERIES LTD MARCH-QUARTER CONSOL NET PROFIT 235 MILLION RUPEES

• ASSOCIATED ALCOHOLS BREWERIES LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 2.42 BILLION RUPEES

• ASSOCIATED ALCOHOLS & BREWERIES LTD - RECOMMENDS DIVIDEND OF 2 RUPEES PER SHARE

Source text: [ID:]

Further company coverage: ASAL.NS

(([email protected];))

** Liquor maker Associated Alcohols & Breweries' ASAL.NS shares rise 2.9% to 910.3 rupees

** National Company Law Tribunal approves co's 308.5 million-rupee ($3.30 million) acquisition of SDF Industries SUPR.BO

** The acquisition is expected to close within 30 days under the NCLT order, ASAL says

** ASAL trades at a trailing 12-month PE of 20.34 vs industry median of 17.55

** YTD, stock has fallen 4.6% vs 9.3% decline in the BSE fast moving consumer goods index .BSESCGIP

($1 = 93.5525 Indian rupees)

(Reporting by Abhinav Parmar in Bengaluru)

(([email protected];))

Feb 4 (Reuters) - Associated Alcohols & Breweries Ltd ASAL.NS:

• ASSOCIATED ALCOHOLS & BREWERIES LTD DEC-QUARTER CONSOL NET PROFIT 273 MILLION RUPEES

• ASSOCIATED ALCOHOLS & BREWERIES LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.65 BILLION RUPEES

Further company coverage: ASAL.NS

(([email protected];))

** Shares of Associated Alcohols & Breweries ASAL.NS rise 2.6% to 1,005 rupees

** Liquor maker starts manufacturing malt spirits at Barwaha facility after getting license from excise department

** ASAL down ~9% YTD

(Reporting by Vijay Malkar)

(([email protected];))

July 11 (Reuters) - Associated Alcohols & Breweries Ltd ASAL.NS:

• FRANCHISEE ARRANGEMENT BETWEEN CO AND INBREW BEVERAGES REVISED

Source text: [ID:]

Further company coverage: ASAL.NS

(([email protected];;))

** Shares of Associated Alcohols & Breweries Ltd ASAL.NS rise as much as 8.3% to 1,165 rupees

** Liquor maker launches premium blended malt whisky ‘Hillfort’ in Uttar Pradesh

** Adds, co continues to strengthen national footprint through launches in high-potential states

** Stock on track to gain for 4th straight day

** More than 172,000 shares traded as of 10:16 a.m. IST, 3.8x their 30-day moving avg

** ASAL last up 5.4%, cutting YTD losses to 2.5%

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

** Shares of Associated Alcohols & Breweries ASAL.NS rise 7.5% to a record high of 1,218.7 rupees

** Co reports Q3 profit of 260.9 mln rupees ($3.02 mln), up more than 100% year-on-year; rev up 73.5%

** Stock sees busiest day since Sept. 11, with over 394,000 shares traded

** ASAL stock price more than doubled in 2024 vs 29% gain in peer Varun Beverages VARB.NS

($1 = 86.4425 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Jan 24 (Reuters) - Associated Alcohols & Breweries Ltd ASAL.NS:

• DEC-QUARTER CONSOL NET PROFIT 260.9 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.34 BILLION RUPEES

Source text: ID:nBSE2K9xyn

Further company coverage: ASAL.NS

(([email protected];;))

Oct 24 (Reuters) - Associated Alcohols & Breweries Ltd ASAL.NS:

• SEPT-QUARTER CONSOL NET PROFIT 153.2 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 2.58 BILLION RUPEES

Source text for Eikon: ID:nBSE2Rk5TP

Further company coverage: ASAL.NS

(([email protected];;))

May 2 (Reuters) - Associated Alcohols & Breweries Ltd ASAL.NS:

• ASSOCIATED ALCOHOLS & BREWERIES LTD - DIVIDEND 2 RUPEES PER SHARE

• ASSOCIATED ALCOHOLS & BREWERIES - ANSHUMAN KEDIA TO BE DESIGNATED AS WHOLE TIME DIRECTOR & CHIEF EXECUTIVE OFFICER

• ASSOCIATED ALCOHOLS & BREWERIES MARCH-QUARTER NET PROFIT 122.5 MILLION RUPEES VERSUS PROFIT 98 MILLION RUPEES

• ASSOCIATED ALCOHOLS & BREWERIES MARCH-QUARTER REVENUE FROM OPERATIONS 2.44 BILLION RUPEES VERSUS 1.86 BILLION RUPEES

Source text for Eikon: ID:nBSE7gt8jf

Further company coverage: ASAL.NS

(([email protected];))

Feb 26 (Reuters) - Associated Alcohols & Breweries Ltd ASAL.NS:

• ASSOCIATED ALCOHOLS & BREWERIES LTD - APPROVED FOR ISSUANCE OF UPTO 900,000 WARRANTS OF 485 RUPEES EACH

Source text for Eikon: ID:nNSEb4fHvZ

Further company coverage: ASAL.NS

(([email protected];))

Feb 21 (Reuters) - Associated Alcohols & Breweries Ltd ASAL.NS:

• ASSOCIATED ALCOHOLS & BREWERIES LTD - TO CONSIDER FUND RAISING

Source text for Eikon: ID:nNSEbQMNGj

Further company coverage: ASAL.NS

(([email protected];))

Jan 25 (Reuters) - Associated Alcohols & Breweries Ltd ASAL.NS:

• APPROVED INCORPORATION OF UNIT ASSOCIATED ALCOHOLS & BREWERIES (AWADH)

• CO’S SUBSIDIARY WILL BE INCORPORATED MAINLY FOR GREEN FIELD PROJECT TO BE SET UP AT UNNAO

Source text for Eikon: ID:nBSE2vKkDn

Further company coverage: ASAL.NS

(([email protected];))

** Shares of Associated Alcohols & Breweries ASAL.NS up 2.6% to 521.85 rupees in early trade

** Alco beverage co said it began commercial production at its ethanol plant in central state of Madhya Pradesh

** Co hits its highest since Jan. 2022

** Stock has been trading above its 200-day simple moving avg since July 2023

** It gained ~14% in 2023

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Nov 8 (Reuters) - Associated Alcohols & Breweries Ltd ASAL.NS:

• INDIA'S ASSOCIATED ALCOHOLS & BREWERIES LTD SEPT-QUARTER NET PROFIT 134.5 MILLION RUPEES VERSUS 75.4 MILLION RUPEES

• ASSOCIATED ALCOHOLS & BREWERIES LTD SEPT-QUARTER REVENUE FROM OPERATIONS 1.71 BILLION RUPEES VERSUS 1.47 BILLION RUPEES

Source text for Eikon: ID:nBSE23Hj4t

Further company coverage: ASAL.NS

(([email protected];))

** Shares of India's Associated Alcohols & Breweries ASAL.NS down as much as 11.91% to 415.50 rupees, their sharpest intraday loss since May 26, 2022

** Stock posts lowest level since July 12

** Co's Q1 net profit slid 8% at 123.5 million Indian rupees ($1.49 million) while revenue slipped 15%

** More than 680,649 shares changed hands, more than 9x of 30-day avg

** Co stock sees busiest day since Sept 27, 2022

** Including session's losses, ASAL stock down ~8%

($1 = 82.7650 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected]))

Aug 10 (Reuters) - Associated Alcohols & Breweries Ltd ASAL.NS:

• ASSOCIATED ALCOHOLS & BREWERIES LTD JUNE-QUARTER NET PROFIT 123.5 MILLION RUPEES VERSUS 134.1 MILLION RUPEES

• ASSOCIATED ALCOHOLS & BREWERIES LTD JUNE-QUARTER REVENUE FROM OPERATIONS 1.56 BILLION RUPEES VERSUS 1.84 BILLION RUPEES

Source text for Eikon: ID:nBSE4YTdmX

Further company coverage: ASAL.NS

(([email protected];))

** Shares of Associated Alcohols & Breweries Ltd ASAL.NS fall as much as 4.3% to 360 rupees

** Co reports 35.3% fall YoY in March-qtr profit to 98 mln rupees ($1.2 mln), rev from ops up ~25%

** About 15,728 shares change hands by 9:27 a.m. IST, 0.6x the 30-day avg - Refinitiv Data

** Stock sees steepest pct drop since March 28

** Stock down 11.8% YTD as of last close

($1 = 81.7800 Indian rupees)

(Reporting by Priya Sagar in Bengaluru)

(([email protected]))