Allied Blenders and Distillers Ltd — earnings calls

Allied Blenders and Distillers reported Q1 FY27 income from operations of ₹984 crores, up 5.8% year-on-year, with total volume growing 6.2% to 9 million cases, led by the Prestige and Above segment. Gross margin expanded 277 basis points to 46% while reported EBITDA was ₹120 crores and PAT was ₹45 crores, both impacted by an estimated ₹24 crores hit from global supply chain disruptions. Management discussed premiumization progress led by ICONiQ White, plans to relaunch Officer's Choice Blue and Sterling Reserve B7, backward integration capex, and outstanding receivables from the Telangana government.

Allied Blenders and Distillers reported consolidated FY26 income from operations of Rs 3,949 crore, up 11.5% year-on-year, with EBITDA of Rs 568 crore and PAT of Rs 220 crore. Q4 FY26 income from operations grew 9.1% to Rs 1,020 crore with EBITDA up 21.2% to Rs 182 crore, driven by Prestige & Above volume growth of 20.5% led by ICONiQ White. Management outlined FY27 guidance of mid-teens consolidated topline growth, margins broadly in line with FY26, and reiterated an FY28 EBITDA margin target of 18%, alongside continued backward integration and premiumization investments.