India · Delayed Price · Currency is INR Allied Blenders and Distillers Earnings Call Transcripts
Fiscal Year 2026
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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 revenue and profit growth, driven by premiumization, cost efficiencies, and new brand launches. Net profit surged 324% YoY, gross margin improved by 370 bps, and net debt fell as IPO proceeds repaid high-cost borrowings.
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Q1 FY25 saw revenue decline but strong EBITDA growth and margin expansion, driven by cost savings and premiumization. IPO proceeds eliminated long-term debt, and management guides for double-digit volume growth, with receivables from Telangana expected to normalize soon.
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.