Allied Blenders and Distillers Limited (ABD) announced its financial results for the second quarter of FY27, reporting a consolidated Income from Operations of ₹1,152 crore, a 15.8% increase year-on-year. The company achieved a record quarterly volume of 10 million cases, up 11.1% year-on-year. ABD highlighted its strategic focus on premiumisation, backward integration, and international expansion, with plans for further margin enhancement.
Strong Q2 FY27 Performance
Allied Blenders and Distillers Limited (ABD) has declared its financial results for the second quarter of the financial year 2027 (Q2 FY27). The company reported a consolidated Income from Operations of ₹1,152 crore, marking a substantial 15.8% growth compared to the same period last year and a 17.1% increase quarter-on-quarter. A significant milestone was achieved as ABD’s quarterly volumes crossed 10 million cases for the first time, representing an 11.1% year-on-year increase from 9.0 million cases in Q2 FY26. This growth was broad-based across its Mass Premium & Others and Prestige & Above segments.
Key Financial Highlights
Gross margin stood at 45.3%, an expansion of 90 basis points year-on-year, driven by a favourable brand mix and improved realisations. 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. On a like-to-like basis, excluding supply chain disruption impacts, gross margin would have been 47.9% and EBITDA margin 14.9%.
For the first half of FY27 (H1 FY27), Income from Operations reached ₹2,135 crore, up 10.9% year-on-year. EBITDA was ₹263 crore, up 5.8%. Reported PAT for H1 FY27 was ₹114 crore.
Segment Performance and Brand Momentum
The Mass Premium & Others segment saw net sales grow by 15.9% year-on-year to ₹468 crore, with volumes up 15.5% to 5.5 million cases. The Prestige & Above segment grew 13.4% year-on-year to ₹605 crore, with volumes up 6.1% to 4.5 million cases. ICONIQ White continued its strong performance, delivering 3.2 million cases in Q2 FY27, up 20.6% year-on-year.
Officer’s Choice Blue saw a sequential improvement with its degrowth arrested, and Sterling Reserve B7 is undergoing a brand reset. New launches like ‘The Indian Edit’ in the premium whisky segment are showing encouraging market response.
Strategic Priorities and Outlook
ABD’s strategic priorities include strengthening core brands, accelerating premiumisation, scaling the super-premium and luxury portfolio (ABD Maestro), and expanding internationally. The company is investing in backward integration projects, including a captive malt distillery in Telangana and PET bottle manufacturing facilities, aimed at improving supply security and reducing structural costs.
International business is a key growth area, with expansion to 42 countries in Q2 FY27. The company also announced its first overseas local production arrangement for Officer’s Choice Blue in Malaysia. Looking ahead, ABD expects continued topline momentum, driven by premiumisation, ICONIQ White’s growth, and contributions from its luxury portfolio, while focusing on disciplined capital allocation and margin enhancement.
Source: BSE
