Allied Blenders Records Highest Annual EBITDA and Targets Mid-Teens Growth with Major Capacity Expansion

Allied Blenders Records Highest Annual EBITDA and Targets Mid-Teens Growth with Major Capacity Expansion​

Allied Blenders and Distillers Limited reported a robust financial performance for the fiscal year 2026, achieving record annual EBITDA of ₹ 568 Cr. The company also detailed an aggressive expansion plan focusing on backward integration and deepening its super-premium and luxury portfolio, positioning itself for long-term growth.

Record Financial Results for FY26​

The company reported key consolidated financial metrics for the year ended March 31, 2026.


Quarterly highlights showed a substantial increase in EBITDA for Q4 FY26, reaching ₹ 182 Cr, up 21.2% year-over-year (YoY).

Strategic Portfolio and Market Leadership​

Allied Blenders emphasized its strength across multiple segments, leveraging its flagship brand Officer's Choice whisky. The company noted that Officer's Choice whisky maintained its position as India's #1 exported brand and led the Mass Premium whisky segment, achieving sales of 16.9 million cases and a market share exceeding 40%+ in FY26.

The company also highlighted strong momentum in its growing segments:

• ICONiQ White Whisky: Achieved a milestone of 10.7 million cases in FY26, marking it as the fastest growing millionaire spirits brand in the world for the second consecutive year.
• P&A Segment: Strong growth in the Prestige and Premium segments continued, with the P&A category contributing 2,136 ₹ Cr in sales in FY26, an increase of 28.3% YoY.
• Luxury Expansion: The company initiated its presence in the ultra-luxury segment with 'The Collective' Limited Edition, a Speyside Single Malt Scotch Whisky, and expanded its super-premium offerings with Zoya Gin and Arthaus blended malt Scotch whisky.

Global Reach and Operational Strength​

The company asserted its status as the largest exporter of alcoholic beverages by volume from India to 36 countries. The export model is described as asset light, with profitability reported at approximately 1.3 times that of domestic operations and working capital usage one-third of the domestic requirement.

Investing in Future Growth and Supply Chain Security​

Allied Blenders announced a multi-year Capital Expenditure (CAPEX) program aimed at strengthening the supply chain and improving EBITDA Margins by approximately 300 basis points (bps) by FY28, followed by an incremental 100 bps by FY29.

The strategic investments include:

• Uttar Pradesh: An acquisition of assets, including a non-operational distillery and bottling facility from National Industrial Corporation Private Limited (NICOL), was announced for an aggregate consideration of ₹ 70 crore. A bottling unit upgradation is planned, with an investment of ₹ 40 crore, expected to be EBITDA accretive in Q3 FY27.
• Maharashtra: A bottling unit expansion at MAILLP facility in Aurangabad is planned with an investment of ₹ 54 crore, expected to be EBITDA accretive in Q4 FY27.
• Andhra Pradesh: A dual-mode distillery establishment is planned in partnership, requiring an investment of ₹ 300 crore.
• Telangana: A PET bottle manufacturing unit with an investment of ₹ 115 crore will support packaging requirements, meeting 70-75% of the total PET packaging demand and being EBITDA accretive.
• Single Malt Distillery: The planned establishment of India's first Single Malt Distillery in Telangana requires an investment of ₹ 75 crore, with capacity of approximately 4.0 MLPA, expected to be operational in H1 FY27.

Key Financial and Operational Projections​

The company anticipates sustained revenue growth in the mid-teens, underpinned by increased Premium and Alcohol (P&A) contribution, which is projected to account for about 50% of the volume by FY28.

The focus remains on expanding the Super-Premium to Luxury portfolio, enhancing the overall brand mix, and implementing structural cost efficiencies to optimize operational capabilities.

ABDL Stock Price Movement​

On Thursday, Allied Blenders and Distillers Limited shares slipped by 1.63% to settle at ₹551.6. The equity saw a total traded volume of 318,898 shares during the session.