Synopsis: Allied Blenders and Distillers Limited reported Q4FY26 revenue of Rs. 1,909 crore while annual profit rose to Rs. 220 crore during FY26. The company continued benefiting from premium liquor demand and strategic acquisitions despite higher finance costs and labour-code-related exceptional expenses impacting quarterly profitability.
Allied Blenders and Distillers Limited has a total market capitalization of Rs. 15,574.26 crore, according to data on the NSE. Allied Blenders shares were trading at Rs. 556.80 apiece on the National Stock Exchange, up by 0.94 percent; the stock has declined around 5.23 percent over the last five sessions, while it has gone up about 7.67 percent in the 30 days. Over a six-month period, the stock has given a negative return of 16.94 percent, whereas on a year-on-year basis it has increased nearly 36 percent, reflecting good overall performance. The stock’s 52-week high was Rs. 696.80 and 52-week low was Rs. 376.30.
Allied Blenders and Distillers Limited reported consolidated financial results for the quarter and financial year ended March 31, 2026. The company posted revenue from operations of Rs. 1,908.77 crore in Q4FY26 compared to Rs. 1,934.72 crore in Q4FY25, reflecting growth of around 2.1 percent year-on-year. Quarter over quarter, revenue also improved from Rs. 1,933.61 crore reported in Q3FY26.
Total income for the quarter stood at Rs. 1,921.10 crore in Q4FY26 compared to Rs. 1,948.90 crore in the corresponding quarter last year. The company continued benefiting from stable demand across its alcoholic beverages portfolio and premium product categories during the quarter.
On the profitability front, the company reported profit after tax of Rs. 37.62 crore in Q4FY26 compared to Rs. 78.62 crore in Q4FY25, reflecting a sharp decline of around 52.1 percent year-on-year. Quarter over quarter, profit also declined from Rs. 67.34 crore reported in Q3FY26.
Profit before tax stood at Rs. 102.56 crore in Q4FY26 compared to Rs. 105.93 crore in Q4FY25, reflecting a marginal decline of around 3.2 percent year-on-year. The decline in profitability was mainly due to higher employee costs, finance expenses and exceptional items recorded during the quarter.
A major factor impacting profitability during the quarter was the exceptional expense of around Rs. 3.40 crore related to revised labour code regulations. The company recognized additional liabilities associated with gratuity and leave encashment following implementation of the new labour codes notified by the Government of India.
Employee benefit expenses increased to Rs. 52.45 crore in Q4FY26 compared to Rs. 40.61 crore in Q4FY25 due to workforce expansion and operational scaling. Finance costs also rose sharply to Rs. 58.18 crore compared to Rs. 28.43 crore in the previous year quarter, reflecting higher borrowing costs and working capital requirements.
For the full financial year FY26, Allied Blenders and Distillers reported revenue from operations of Rs. 7,571.34 crore compared to Rs. 8,073.15 crore in FY25. However, annual profit after tax improved to Rs. 220.11 crore compared to Rs. 194.85 crore reported in the previous financial year.
Profit before tax for FY26 stood at Rs. 351.67 crore compared to Rs. 265.72 crore in FY25, reflecting strong growth of around 32.3 percent year-on-year. Earnings per share (EPS) for FY26 improved to Rs. 8.16 compared to Rs. 7.19 in FY25.
A major development during FY26 was the company’s successful IPO completed in July 2024. Allied Blenders raised approximately Rs. 1,000 crore through a combination of fresh issue and offer for sale. The company utilized a significant portion of the proceeds towards repayment and prepayment of borrowings, helping strengthen its balance sheet.
The company also completed strategic acquisitions during the year including acquisition of UTO Asia Pte. Ltd. and stake acquisition in Sharanam KION, which may support future business expansion and international operations.
Allied Blenders and Distillers Limited operates in the alcoholic beverages segment and owns several Indian Made Foreign Liquor (IMFL) brands across whisky, rum, brandy and vodka categories. The company primarily operates in the spirits and alcoholic beverages industry.
India’s alcoholic beverages sector continues benefiting from rising premiumization trends, increasing urban consumption and improving discretionary spending. However, profitability remains sensitive to state regulations, raw material costs, taxation policies and changing consumer preferences.
Overall, Allied Blenders reported stable Q4FY26 operational performance despite margin pressure from rising costs and exceptional expenses. Going forward, premium product growth, debt reduction, margin management and expansion across domestic and international markets will remain key factors influencing the company’s future performance.
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