ABDL
Allied Blenders and Distillers share price & financials
- Price
- ₹631.25
- Market cap
- ₹17.3k Cr
- Sector
- Fast Moving Consumer Goods
- Calls analysed
- 5
Allied Blenders and Distillers Limited Q1 FY27
What went well
- Income from operations grew 5.8% YoY to ₹984 crores, outperforming industry growth.
- Total volume increased by 6.2% YoY to 9 million cases, driven by premiumization.
- Prestige and Above portfolio volume grew 10.7%, with ICONIQ White leading at 33.8% YoY growth.
What to watch
- Reported PAT declined from ₹56 crores in Q1 FY26 to ₹45 crores in Q1 FY27.
- Profitability was impacted by global supply chain disruptions, with an estimated cost of ₹24 crores in Q1 FY27.
What Allied Blenders and Distillers Limited does
Allied Blenders and Distillers (ABDL) manufactures and markets Indian-made foreign liquor — whisky, brandy, rum, vodka and gin — spanning Mass Premium to Ultra-Luxury price points. It runs a backward-integrated supply chain with its own distilleries, a PET bottle plant and a pan-India bottling network, and sells through one of the widest retail footprints among domestic spirits players. The company also exports its brands internationally and is building out a super-premium-to-luxury portfolio (ABD Maestro) alongside its legacy mass-premium brands.
Segments
- Prestige & Above (P&A)
- Mass Premium & Others
- Market position
- No. 2 Indian spirits company by volume
- Brand portfolio
- 31 brands across whisky, brandy, rum, vodka and gin
- Millionaire brands (1M+ case volume)
- 4 (Officer's Choice, Officer's Choice Blue, Sterling Reserve B7, ICONiQ White)
- Manufacturing facilities
- 40 (2 distilleries, 1 PET bottle unit, 37 bottling units)
- Distilleries
- 2, located in Maharashtra and Telangana
- Retail outlet reach
- 80,000+ retail outlets across India
Guidance record · Q1 FY27
what the last two calls moved 22 tracked 2 delivered 2 missed 18 open- Export Footprint (Number of Countries) delivered said Q1 FY26 Promised: 33 to 35 countries by year-end Q1 FY27: Promise remains achieved. Commentary noted ABD Maestro portfolio is now expanding into 39 countries, showing continued focus.
- Africa Market Volume went quiet said Q2 FY26 Promised: 1 million cases by FY28 Q1 FY27: No specific update provided on the Africa market volume target for the second consecutive quarter.
- EBITDA Margin Improvement from UK FTA delayed said Q1 FY26 Promised: 200 basis point margin improvement starting Q4 FY26 Q1 FY27: Timeline delayed again. Management now expects benefits to flow in H2 FY27, later than the previously guided Q2 FY27.
All 22 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 5.5%, net profit up 11.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 868 | 974 | 921 | 919 | 984 +13% | 985 +1% | 993 +8% | 970 +6% |
| EBITDA | 104 | 117 | 136 | 115 | 132 +27% | 147 +26% | 181 +33% | 134 +17% |
| Net profit | 48 | 58 | 81 | 61 | 72 +50% | 78 +34% | 57 −30% | 68 +11% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +24.4% 1Y
1Y: ₹508.35 on 10 Sept 2025 → ₹632.5. High ₹702.7 (6 Jul 2026), low ₹384.15 (23 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- +3.0%
- 24 Jul
- Q4 FY26
- +0.9%
- 21 May
- Q3 FY26
- +6.6%
- 30 Jan
- Q2 FY26
- −4.5%
- 6 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 8.0% a year over 2 years, FY24 to FY26. Operating margin widened to 14.8%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹3.3k Cr | ₹3.5k Cr | ₹3.9k Cr |
| Operating profit | ₹242 Cr | ₹431 Cr | ₹575 Cr |
| Operating margin | 7.3% | 12.2% | 14.8% |
| Interest | ₹173 Cr | ₹124 Cr | ₹130 Cr |
| Depreciation | ₹54 Cr | ₹58 Cr | ₹70 Cr |
| Net profit | ₹7 Cr | ₹199 Cr | ₹268 Cr |
| Net margin | 0.2% | 5.7% | 6.9% |
| Cash from operations | ₹186 Cr | ₹-676 Cr | ₹453 Cr |
| Free cash flow | ₹141 Cr | ₹-799 Cr | ₹182 Cr |
| ROCE | 16.0% | 21.0% | 20.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹47 Cr | ₹47 Cr | ₹49 Cr | ₹49 Cr | ₹56 Cr | ₹56 Cr |
| Reserves | ₹338 Cr | ₹372 Cr | ₹376 Cr | ₹381 Cr | ₹1.5k Cr | ₹1.7k Cr |
| Borrowings | ₹958 Cr | ₹847 Cr | ₹789 Cr | ₹831 Cr | ₹1.1k Cr | ₹1.1k Cr |
| Other liabilities | ₹962 Cr | ₹987 Cr | ₹1.3k Cr | ₹1.4k Cr | ₹1.2k Cr | ₹1.3k Cr |
| Total liabilities | ₹2.3k Cr | ₹2.3k Cr | ₹2.5k Cr | ₹2.7k Cr | ₹3.8k Cr | ₹4.2k Cr |
| Fixed assets | ₹635 Cr | ₹594 Cr | ₹562 Cr | ₹540 Cr | ₹735 Cr | ₹715 Cr |
| Capital work in progress | ₹13 Cr | ₹11 Cr | ₹10 Cr | ₹12 Cr | ₹129 Cr | ₹93 Cr |
| Investments | ₹24 Cr | ₹77 Cr | ₹3 Cr | ₹89 Cr | ₹0 Cr | ₹323 Cr |
| Other assets | ₹1.6k Cr | ₹1.6k Cr | ₹1.9k Cr | ₹2.0k Cr | ₹3.0k Cr | ₹3.0k Cr |
| Total assets | ₹2.3k Cr | ₹2.3k Cr | ₹2.5k Cr | ₹2.7k Cr | ₹3.8k Cr | ₹4.2k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −0.76 pp while FIIs added +0.42 pp. The shareholder count grew 6% to 1,12,420.
- Promoters
- 80.9%
- FIIs
- 3.2%
- DIIs
- 5.1%
- Public
- 10.8%
Since Jun 2025
- Public −0.76 pp
- FIIs +0.42 pp
- DIIs +0.34 pp
How it drifted, 9 quarters
Over this window DIIs went from 3.5% to 5.1% — +1.6 pp.
Ownership split by quarter, oldest first. Jun '24: Promoters 80.9%, FIIs 3.8%, DIIs 3.5%, Public 11.7%.Sep '24: Promoters 80.9%, FIIs 2.8%, DIIs 4.1%, Public 12.1%.Dec '24: Promoters 80.9%, FIIs 2.5%, DIIs 4.0%, Public 12.5%.Mar '25: Promoters 80.9%, FIIs 2.7%, DIIs 4.0%, Public 12.3%.Jun '25: Promoters 80.9%, FIIs 2.8%, DIIs 4.7%, Public 11.5%.Sep '25: Promoters 80.9%, FIIs 3.0%, DIIs 4.6%, Public 11.6%.Dec '25: Promoters 80.9%, FIIs 3.4%, DIIs 4.6%, Public 11.1%.Mar '26: Promoters 80.9%, FIIs 3.2%, DIIs 4.8%, Public 11.0%.Jun '26: Promoters 80.9%, FIIs 3.2%, DIIs 5.1%, Public 10.8%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- BKC Family Trust – II newly disclosed 0.00% held
- BKC Family Trust – I newly disclosed 0.00% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Allied Blenders and Distillers Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Bina Kishore Chhabria | 58.20% | unchanged |
| Resham Chhabria J Hemdev | 19.40% | unchanged |
| Oriental Radios Pvt Ltd | 3.26% | unchanged |
| Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund Mutual fund | 2.11% | unchanged |
| Jupiter India Fund Global fund house | 1.16% | −0.07 pp |
| Bina Chhabria Enterprises Private Limited | 0.05% | unchanged |
| Power Brands Enterprises India Private Limited | 0.00% | unchanged |
| Netravathi Estates Private Limited | 0.00% | unchanged |
| Neesha Family Trust | 0.00% | unchanged |
| Nebraska Enterprises Private Limited | 0.00% | unchanged |
| Matangi Realtors Private Limited | 0.00% | unchanged |
| Marleshwar Properties Private Limited | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in ABDL
Filings to Aug 2026
2 new, 4 added, 1 trimmed, 0 sold out — net +0.93 L shares (+1.8%).
- Held by funds
- ₹325 Cr
- 10 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹258 Cr · 0.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹258 Cr | held | Jun '24 |
| Nippon India Value Fund Nippon India Mutual Fund | ₹44 Cr | held | Aug '24 |
| Nippon India Active Momentum Fund Nippon India Mutual Fund | ₹8 Cr | held | Jan '26 |
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹5 Cr | +0.01 L | Mar '26 |
| Nippon India Consumption Fund Nippon India Mutual Fund | ₹5 Cr | new | Aug '26 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹3 Cr | +0.00 L | Mar '26 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 L | Mar '26 |
| SBI Midcap Fund SBI Mutual Fund | ₹1 Cr | new | Aug '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
4 added, 1 trimmed — net +92,786 shares (+1.8%)
- Funds are sitting on
- +99%
- vs est. average cost
- Held by funds
- ₹325 Cr
- 10 schemes · ≈ 1.9% of the company
- Biggest holder
- Nippon India Small Cap Fund
- ₹258 Cr · 0.3% of that fund
Shares held by these funds −12%
Jun '24 51.65 L shares Jul '26
All earnings calls (5)
Read the Q1 FY27 call →Learn to analyse Allied Blenders and Distillers Limited
Guides on how to read this kind of business and the numbers that matter.