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Associated Alcohols - Is it time to say cheers?

Liquor consumption presents an attractive opportunity in India for Associated Alcohols & Breweries (AABL) as the country has a large young population and remains an underpenetrated market in the alcoholic beverage segment

September 18, 2020 / 01:41 PM IST
Associated Alcohols - Is it time to say cheers?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Year 2020 is proving to be a tough year for firms across many industries due to the fallout of COVID-19. Liquor contract manufacturer Associated Alcohols & Breweries (AABL) was no exception, and its first-quarter earnings were significantly impacted due to the headwinds generated by the pandemic-induced lockdown. However, we saw progressive signs of improvement as restrictions on movement eased, and this could improve further with recovery gathering pace across geographies. Quarterly result snapshot AABL logged a decent financial performance in...

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