India · Delayed Price · Currency is INR Allied Blenders and Distillers Earnings Call Transcripts
Fiscal Year 2026
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Record FY 2026 results with 11.5% revenue and 28.5% EBITDA growth, driven by premiumization, margin expansion, and strong cash flow. Outlook remains robust with mid- to high-teens top-line growth and further margin gains expected from integration and pricing actions.
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Q3 FY26 saw 2.8% YoY revenue growth and 14.1% YoY EBITDA growth, with strong premiumization and margin expansion. Double-digit sales growth is targeted for Q4, supported by new launches, international expansion, and ongoing CapEx, with margin guidance raised to 17%-18% by FY28.
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Q2 FY26 saw 14.4% revenue growth and 32.3% PAT increase, driven by premiumization and strong P&A segment performance. Regulatory headwinds impacted mass premium, but pipeline normalization is expected in Q3. International expansion and backward integration support margin gains.
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Q1 FY 2026 saw 22.5% revenue growth and a fivefold PAT increase, driven by premiumization, cost control, and strong P&A performance. Margin expansion is expected to continue, supported by backward integration and favorable market trends.
Fiscal Year 2025
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Record FY 2025 results with 6.2% revenue growth, 81.7% EBITDA increase, and strong margin expansion driven by premiumization, cost efficiencies, and strategic investments. Outlook remains positive with double-digit growth targeted and further margin gains expected from CapEx and FTA benefits.
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Q3 FY25 delivered double-digit revenue and EBITDA growth, driven by festive demand, premiumization, and new brand launches. Gross margin improved to 42.8%, and strategic acquisitions and CapEx are set to further boost margins and growth.
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Q2 FY25 saw robust sequential and year-over-year growth in revenue, EBITDA, and net profit, driven by premiumization, improved gross margins, and lower interest costs. Strategic initiatives included new brand launches, luxury segment expansion, and significant CapEx plans, with a positive outlook for H2 FY25 and ongoing focus on working capital optimization.
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Q1 FY25 saw lower revenue but strong EBITDA growth and margin expansion, driven by cost-saving initiatives and premiumization. IPO proceeds eliminated long-term debt, reducing interest costs, while receivables from Telangana remain a near-term challenge. Double-digit volume growth is targeted for FY25.
Fiscal Year 2024
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FY 2024 saw revenue growth, margin expansion, and a strong push toward premiumization, with P&A segment share rising and new luxury launches planned. Working capital challenges in Telangana impacted volumes, but post-IPO deleveraging and cost savings are set to boost profitability.