Allied Blenders And Distillers Limited · NSE:ABDL
Allied Blenders And Distillers — Q1 FY2026 Earnings Presentation
34 slides from Allied Blenders And Distillers's earnings presentation, Jul 29, 2025
Slide 1: Exchange filing cover letter for investor presentation
July 29, 2025 To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street Bandra Kurla Complex, Mumbai - 400 001 Bandra (E), Mumbai - 400 051 Scrip Code (BSE): 544203 Symbol: ABDL Our Reference No. 45/ 2025-26 Our Reference No. 45/ 20
Slide 2: Q1FY26 Earnings Presentation
Q1FY26 Earnings Presentation July 2025 (BSE: 544203 | NSE: ABDL)
Slide 3: Agenda
Agenda 1 ABD Overview 3 2 Investment Case 4 3 Q1FY26 Performance Highlights 5 4 Management Perspectives 13 5 Annual Financial Summary 14 6 Future Ready Transformation 15 7 Key Brand Portfolio Overview 26 2
Slide 4: ABD Overview: Millionaire Brands
ABD Overview 4 Millionaire Brands Prestige / Premium / Luxury Officer’s Choice Blue Whisky Officer’s Choice Whisky Launched in 2011 Launched in 1988 • Regional power brand in the Prestige • Among top 10 global spirits brands category • 5th largest whisky brand in the world • Leverages strength of fl
Slide 5: ABD Investment Case
ABD Investment Case Platform of scale in the attractive, rapidly premiumising 4 Prestige & Above brand portfolio well positioned for high growth 1 Indian consumer market trajectory • No.1 Indian spirits company by volume (33.1 Mn cases in FY25) • Strong growth in Prestige Millionaire Brand whiskies
Slide 6: Consolidated Q1FY26 Highlights YoY
Consolidated Q1FY26 Highlights YoY ABD Delivers a Strong Performance, PAT Surged 5x in Q1FY26 Total Volume Total Realization (Mn Cases) (Per Case) • Topline growth driven by strong P&A volume 8.5 ₹ 1,022 up 17.2% up 6.2% • Significant increase in Gross Margins +448 bps and EBITDA margins +277 bps Yo
Slide 7: Consolidated Quarterly Performance Trend
Consolidated Quarterly Performance Trend Income from Operations (₹ Cr) EBITDA (₹ Cr) Topline growth (vs Q1FY25): 22.5% 56.4% • Higher by 22.5% driven by: 935 930 150 • Strong volume growth of 17.2% led by P&A category 759 119 • Improvement in realization per case by 6.2% due to mix and price increas
Slide 8: Q1FY26 Brand Portfolio Highlights
Q1FY26 Brand Portfolio Highlights Sales (₹ Cr) Q1FY26 Q4FY25 Q-o-Q Q1FY25 Y-o-Y Sales Contribution P&A 485 453 7.1% 322 50.5% Q1FY25 Q1FY26 Mass Premium 384 425 (9.6%) 376 2.1% Total Sales 869 878 (1.0%) 698 24.6% 44.2% 46.1% 53.9% 55.8% Others 60 57 5.3% 61 (1.6%) Income from Operations 930 935 (0.
Slide 9: Golden Mist: ABD's Entry Into Fast Growing Prestige Brandy Category
Golden Mist: ABD’s Entry Into Fast Growing Prestige Brandy Category Golden Mist by ABD Brings French Cask Sophistication to Indian Brandy Lovers Strategic Significance • Marks ABD’s entry into the fast-growing Prestige brandy category • Enhances ABD’s Premium non-whisky product portfolio • Positione
Slide 10: ABD Maestro Super-Premium to Luxury Portfolio
ABD Maestro Super-Premium to Luxury Portfolio: Strong Build-up in Key Markets Whisky Gin Vodka Rum New Brands Blended Malt Scotch and Super-Premium and Luxury Premium to Luxury BIO Super-Premium Indian Malt Whisky Continued range expansion in select Super-Premium and Luxury categories 1 Blending wor
Slide 11: Russian Standard Vodka: Entry Into Super-Premium to Luxury Vodka
Russian Standard Vodka: Entry Into Super-Premium to Luxury Premium Vodka Category Russian Standard Vodka expands in India through ABD Maestro Super Premium to Luxury Proposition: • Russia’s number one premium vodka, which is available in 85+ countries • Crafted using glacial water from Lake Ladoga a
Slide 12: Key Awards and Recognition
Key Awards and Recognition International Whisky Competition 2025 Monde Selection Awards 2025 • Woodburns was awarded 1st place for “Best Blended Indian Whisky” at the prestigious ICONiQ White, ARTHAUS, and ZOYA Special International Whisky Competition 2025 Batch Gin were each awarded the prestigious
Slide 13: Consolidated Income Statement
Consolidated Income Statement ₹ Cr Q1FY26 Q4FY25 Q-o-Q Q1FY25 Y-o-Y Total Income 1,783 1,949 (8.5%) 1,769 0.8% Excise Duty 854 1,014 (15.8%) 1,009 (15.4%) Income from Operations 930 935 (0.5%) 759 22.5% Cost of Goods Sold 524 521 0.5% 464 12.9% Total Operating Expenses 287 263 9.1% 219 31.0% EBITDA
Slide 14: Management Perspectives
Management Perspectives • This set of financial results marks our fourth consecutive quarter of strong performance validating our strategy of prioritizing profitable volume growth, premiumization of portfolio and agile investments in Portfolio Premiumization backward integration to enhance margins.
Slide 15: Consolidated Annual Financial Summary
Consolidated Annual Financial Summary Gross Margin (₹ Cr) EBITDA (₹ Cr) Income from Operations (₹ Cr) Net Profit (₹ Cr) Gross Margin (%) EBITDA Margin (%) 1,481 451 3,541 3,334 195 3,158 1,230 1,173 2,697 1,057 248 42.1% 208 196 12.7% 39.4% 37.3% 37.0% 7.7% 7.5% 6.2% 1.5 1.6 1.8 FY22 FY23 FY24 FY25
Slide 16: Future Ready Transformation
Future Ready Transformation Where were we? Where are we now? Initiatives Way Forward in ~3 years FY24 FY25 Q1FY26 P&A Salience (Volume) 25.0% (FY18) – 37.3% (FY24) FY25: 40.4%; Q1FY26: 46.2% ~50% Portfolio Build-up 1. ZOYA 4. Russian Standard Continued range expansion in Super-Premium to Luxury No p
Slide 17: Portfolio Build Up: Enhancing Presence in Premium and Luxury Category
Portfolio Build Up: Enhancing Presence in Premium and Luxury Category 5500 5300 5000 Mass Prestige Premium Super-Premium to Luxury 5200 Russian Premium Standard 4500 Platinum Vodka 4000 Arthaus Blended Malt MRP 750 ml SKU (₹) Whisky 3500 3200 3200 3200 3000 2650 2500 2500 2400 2400 Segredo Pumori Wo
Slide 18: Portfolio Build Up: Increasing Market Share in P&A
Portfolio Build Up: Increasing Market Share in P&A Segment Strategy Accelerate growth of Prestige whiskies Prestige Gain additional market share with the launch of brandy – Golden Mist P&A Drive growth in Indian market with sharper focus on both domestic and defense markets Premium Portfolio Initial
Slide 19: Strategic Investments: Margin Accretive Backward Integration Projects
Strategic Investments: Margin Accretive Backward Integration Projects Total of ~₹525 Cr investments includes ₹ 72 Cr for MAILLP distillery acquisition Balance to be funded through internal accruals and debt PET Bottle • Advanced stage of commissioning a captive PET bottle manufacturing facility of ~
Slide 20: Strategic Investments: Strategically Located Manufacturing Facilities
Strategic Investments: Strategically Located Manufacturing Facilities 2 Distilleries ~71 MLPA • Acquisition of MAILLP completed in Dec-24. Annual Distillation Capacity Operations of existing ~11 MLPA facility commenced in Feb-25 • Strategic Investment: Expansion by additional ~50 MLPA expected by Q4
Slide 21: Broadening Horizons: Expanding Export Markets
Broadening Horizons: Expanding Export Markets Overview • Expanded export market reach to 27 countries from 14 countries in FY24 Russia Canada • Increasing presence in the high EU growth markets of Africa and now USA USA Lebanon • The latest Millionaire Brand Bahrain Qatar ICONiQ White has already be
Slide 22: Strategically Located: World Class Manufacturing Facilities
Strategically Located: World Class Manufacturing Facilities 2 Distilleries* 9 ~71 Mn liters Owned Jammu and Annual Distillation Capacity Kashmir 5 Purkhali Nalagarh 35 Bottling Units Third Party Derabassi Ambala Haridwar Exclusive Hapur Aligarh Naharlagun ~25.2 Mn cases Owned 21 Jodhpur Jaipur Baran
Slide 23: Pan-India Distribution Network with Ability to Scale
Pan-India Distribution Network with Ability to Scale Multiple Route-to-Market capabilities cover channels including: • Open Market 30+ • Part Corporation Market States and UTs Ludhiana Chandigarh • Full Corporation Market 79,329 Retail Reach Gurgaon 12 Jaipur Guwahati Sales Support Office ABD is one
Slide 24: Board of Directors: Stewardship and Expertise
Board of Directors: Stewardship and Expertise Kishore Rajaram Chhabria Vivek Anilchand Sett Chairman & Non-Executive Director Independent Director • ABD • Ispat Industries Limited • Nectar Life Sciences • Shaw Wallace & Company Ltd • Tata Teleservices Ltd. • New Silk Route Advisors Ltd • Tata Realty
Slide 25: Senior Management Team: Industry and Multi Sector Experience
Senior Management Team: Industry and Multi Sector Experience Alok Gupta Arvind Mohta Managing Director Marketing Director Joined ABD In 2023, work experience ~35 years Joined ABD In 2025, work experience 19+ years • Dabur Ltd • • Whyte & MacKay Café Coffee Day Ltd • United Spirits Ltd • Johnson &
Slide 26: Key Milestones
Key Milestones 2001 2017-19 2024 Officer’s Choice Whisky Launch of Russian ranked 3rd among the largest Standard Vodka in Indian Expanded offering to prestige selling whisky brands globally markets in June-25 segment with launch of two new in CY2021 Entered into Rum and brands – Jolly Roger rum and
Slide 27: Key Brand Portfolio Overview
Key Brand Portfolio Overview Officer’s Choice Officer’s ICONiQ Sterling Golden Mist Srishti Kyron Sterling Rock Paper Zoya Gin Woodburns Segredo Pumori Arthaus Blended Russian Whisky Choice Blue White Reserve B7 Brandy Whisky Brandy Reserve B10 Rum Whisky Aldeia Gin Malt Whisky Standard Whisky Whisk
Slide 28: Portfolio of Core Brands
Portfolio of Core Brands Segment To Category Whisky Brandy Rum Vodka Gin * Super-Premium To Luxury Premium Prestige Mass Premium *Board approved in Jan-25 investment in Rock Paper Rum brand 27
Slide 29: Mass Premium: Officer's Choice
Mass Premium Officer’s Choice Flagship brand continues to maintain market Awards Category: Whisky leadership in mass premium whisky segment • Leading the Mass Premium whisky segment in India for over a decade • India’s #1 exported whisky brand • Market leader in the Middle East; strengthening positi
Slide 30: Prestige
Prestige Officer’s Choice Blue ICONiQ WHITE Category: Whisky Category: Whisky Millionaire Brand in the prestige segment offering distinguished Millionaire Brand Achieving Global Recognition in ~15 Months and appealing choice of Launch • Continues to enjoy position as a regional power brand in the P&
Slide 31: Prestige and Premium
Prestige and Premium Srishti Select Collection Category: Whisky (Prestige) Crafted to elevate the everyday whiskey experience • Srishti is an Indian whisky infused with India’s golden saffron (Curcumin)—an ancient symbol of trade, tradition, and royalty. • With 2 Variants in Market – Srishti & Srish
Slide 32: Super-Premium to Luxury
Super-Premium to Luxury Rock Paper Rum Zoya Gin Category: Rum Category: Gin Expansion into Premium Rum category Foray into the Super-Premium Segment • Strategic investment in Good Barrel Distillery Private Limited* a • 1st non whisky super premium brand launched in high growth, startup with premium
Slide 33: Super-Premium to Luxury
Super-Premium to Luxury Pumori Gin Segredo Aldeia Category: Gin Category: Rum New addition to Premium Gin segment New addition to Premium Rum segment • The acquisition of Pumori and Pumori Pink gin marks a new • Entered into the Luxury rum category with the acquisition of 2 addition to the Premium G
Slide 34: Disclaimer
Disclaimer This document contains ‘forward-looking’ statements. These statements can be identified by the fact that they do not relate only to historical or current facts. In particular, forward-looking statements include all statements that express forecasts, expectations, plans, outlook and projec
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