Allied Blenders Q2 FY27: Volumes cross 10 Mn cases, Revenue up 15.8%
Allied Blenders and Distillers (ABDL) reported Q2 FY27 results with Income from Operations at ₹1,152 crore, up 15.8% YoY. Quarterly volumes crossed 10 million cases for the first time. PAT was ₹69 crore, up 9.7% YoY. The company commissioned a new malt distillery and a bottling facility as part of its backward integration strategy.
The announcement details significant financial performance improvements, milestone achievements (crossing 10 million cases), and strategic investments in capacity and backward integration, which are expected to drive future growth and profitability.
The company reported strong year-on-year growth in revenue, volumes, and profit, along with positive commentary on future outlook and strategic initiatives like backward integration and premiumization.
Allied Blenders and Distillers Limited (ABDL) announced its financial results for the second quarter and first half of fiscal year 2027 (Q2 FY27 and H1 FY27).
In Q2 FY27, the company achieved a significant milestone by crossing 10 million cases in quarterly volumes for the first time, with total volumes reaching 10 million cases, an 11.1% increase year-on-year. Income from Operations stood at ₹1,152 crore, marking a growth of 15.8% year-on-year and 17.1% quarter-on-quarter. Gross margin expanded by 90 basis points year-on-year to 45.3%, driven by a profitable brand mix and backward integration benefits. Reported EBITDA was ₹143 crore, up 10.0% year-on-year, with an EBITDA margin of 12.4%. Profit After Tax (PAT) was ₹69 crore, a 9.7% increase year-on-year.
For H1 FY27, Income from Operations grew by 10.9% year-on-year to ₹2,135 crore, and EBITDA was ₹263 crore, up 5.8%. Reported PAT for the half-year stood at ₹114 crore.
The company witnessed broad-based growth across its segments. The Mass Premium & Others category saw net sales of ₹468 crore, up 15.9% year-on-year, with volumes growing 15.5% to 5.5 million cases. The Prestige & Above segment reported sales of ₹605 crore, up 13.4% year-on-year, with volumes at 4.5 million cases.
ABDL highlighted the strong performance of its millionaire brand ICONiQ White, which grew 20.6% year-on-year to 3.2 million cases in Q2 FY27. The company also introduced refreshed packaging for Officer’s Choice Blue and launched a new premium whisky, The Indian Edit.
Significant progress was reported on backward integration and capital expenditure. A captive malt distillery was commissioned in Telangana with an investment of ₹75 crore. In Uttar Pradesh, a new bottling facility commenced operations with an initial capacity of 6 million cases per annum, as part of a ₹600 crore investment plan in the state. These initiatives are expected to improve supply security, reduce costs, and support EBITDA margin expansion.
The company's international business expanded to 42 countries, with a focus on asset-light models like the recent overseas local production arrangement for Officer’s Choice Blue in Malaysia.
Management expressed confidence in future growth, driven by premiumisation, expansion of the ABD Maestro portfolio, and continued focus on backward integration benefits. They anticipate margin expansion of approximately 300 basis points by FY28 and a further 150 basis points in FY29 from these initiatives.
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