Synopsis:
Allied Blenders and Distillers shares rose 4.7 percent intraday after reporting a strong 409 percent YoY jump in net profit to Rs 56 crore, despite a 29.1 percent QoQ decline.
A liquor stock jumped nearly 5 percent intraday after delivering its fourth straight profitable quarter, although margins saw pressure on a sequential basis. While top line growth remained modest quarter-on-quarter, the strong year-on-year jump in profit kept investor sentiment optimistic.
Allied Blenders and Distillers Ltd, with a market capitalisation of Rs 13,830 crore, opened at Rs 500 and touched an intraday high of Rs 512, compared to its previous close of Rs 487.70, marking an intraday gain of 4.7 percent.
What’s the News?
Quarter-on-quarter, revenue from operations grew marginally by 0.2 percent from Rs 921 crore in Q4FY25 to Rs 923 crore in Q1FY26. However, operating profit declined by 17.6 percent from Rs 136 crore to Rs 112 crore, while profit before tax dropped 28.3 percent from Rs 106 crore to Rs 76 crore. Net profit fell 29.1 percent from Rs 79 crore to Rs 56 crore. Operating margin for the quarter stood at 12 percent, contracting from 15 percent in the previous quarter.
Year-on-year, the company reported strong growth across key metrics. Revenue from operations rose by 21.77 percent from Rs. 758 crore in Q1FY25 to Rs. 923 crore in Q1FY26. Operating profit surged 51.35 percent from Rs. 74 crore to Rs. 112 crore. Profit before tax grew sharply by 375 percent from Rs. 16 crore to Rs. 76 crore, while net profit jumped 409.09 percent from Rs. 11 crore to Rs. 56 crore.
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Comments from Management
Commenting on the results, Alok Gupta, Managing Director of ABD, stated, “This quarter marks our fourth consecutive quarter of strong performance validating our strategy of prioritizing profitable volume growth, premiumization of portfolio and agile investments in backward integration to enhance margins. As we move forward, our strategic focus positions us strongly to sustain growth and consistently enhance customer value.”
Operational Highlights
Total sales volume stood at 8.5 million cases in Q1FY26, reflecting 17.2 percent growth over 7.3 million cases in Q1FY25, led by robust consumer demand across regions. The premiumisation drive remained central, with Prestige & Above (P&A) volumes rising to 46.2 percent from 42.4 percent in Q4FY25 and 36.9 percent in Q1FY25.
Value contribution from this segment also increased to 55.8 percent from 51.6 percent sequentially and 46.1 percent on a year-on-year basis. ICONiQ White continued to be a standout performer and maintained strong growth momentum across domestic markets.
The company launched ‘Golden Mist’ to mark its entry into the fast-growing prestige brandy category. In the super-premium and luxury segment, ABD Maestro Pvt. Ltd. began operations in April 2025.
Russian Standard Vodka was introduced in India in June 2025 and is now available across key states. Other high-end brands such as Zoya Gin, Arthaus Blended Malt Scotch Whisky, and Woodburns Contemporary Indian Whisky continued to expand presence both in India and internationally. ABD is now present in 27 countries, up from 14 in FY24, and has secured approvals for Canada and key EU markets for exports.
About the Company
Allied Blenders and Distillers Limited is India’s largest domestic spirits company by annual volumes. Its portfolio spans whisky, brandy, rum, vodka, and gin, with flagship brands like Officer’s Choice Whisky, Sterling Reserve, and ICONiQ White Whisky. ABD operates through 37 manufacturing units, including 9 owned bottling units, 2 distilleries, and 26 non-owned facilities.
Written By Manan Gangwar
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