Latest news with #ABD
Time of India
6 hours ago
- Business
- Time of India
tilaknagar industries: Allied Blenders buys rights to Mansion House and Savoy Club Brands
Mumbai: Allied Blenders and Distillers Ltd (ABD) said it has acquired global rights for Mansion House and Savoy Club brands from UTO Asia for $1.2 deal excludes territories such as Singapore, Malaysia, Indonesia, Philippines, Thailand, Cambodia, Vietnam, Laos, China, and Myanmar."The acquisition of UTO Asia and the associated ownership of worldwide right, title interest in the Mansion House and Savoy Club brands aligns with ABD's strategic expansion objectives, allowing it to gain full control over the Mansion House and Savoy Club brands on a global scale, while specifically addressing regional interests in key markets," it said in a BSE filing. In India, Tilaknagar Industries Ltd and ABD are involved in a trademark dispute over these brands. While Tilaknagar holds exclusive rights to sell these brands in India, ABD has been granted permission by the Bombay High Court to launch products under the same brand names, particularly in West Industries entered a pact with Herman Jensen (formerly UTO) nearly four decades ago and had claimed the latter ceded the rights of Mansion House brandy to rescue itself from a court action in Rotterdam in 1987. Under this arrangement, Jensen would retain Mansion House brand in whisky, which was a bigger business then. The Dutch side, however, argued that the arrangement was never legally solemnised and moved courts in 2008, when Mansion House brandy had emerged as a formidable brand in the Indian December 2011, a one-member bench of the Bombay HC held that Tilaknagar had the rights to Mansion House in India, but Herman Jensen went on to appeal before a division bench. In 2014, ABD bought a 50% stake in the two brands from Herman Jansen, giving ABD rights to produce and sell them in the country. In February this year, the Bombay HC dismissed Tilaknagar's plea and granted Allied Blenders permission to use the Mansion House brand name for some of its products in West Bengal.
Time of India
8 hours ago
- Business
- Time of India
Allied Blenders buys rights to Mansion House and Savoy Club Brands
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Mumbai: Allied Blenders and Distillers Ltd (ABD) said it has acquired global rights for Mansion House and Savoy Club brands from UTO Asia for $1.2 deal excludes territories such as Singapore, Malaysia, Indonesia, Philippines, Thailand, Cambodia, Vietnam, Laos, China, and Myanmar."The acquisition of UTO Asia and the associated ownership of worldwide right, title interest in the Mansion House and Savoy Club brands aligns with ABD's strategic expansion objectives, allowing it to gain full control over the Mansion House and Savoy Club brands on a global scale, while specifically addressing regional interests in key markets," it said in a BSE filing. In India, Tilaknagar Industries Ltd and ABD are involved in a trademark dispute over these brands. While Tilaknagar holds exclusive rights to sell these brands in India, ABD has been granted permission by the Bombay High Court to launch products under the same brand names, particularly in West Industries entered a pact with Herman Jensen (formerly UTO) nearly four decades ago and had claimed the latter ceded the rights of Mansion House brandy to rescue itself from a court action in Rotterdam in 1987. Under this arrangement, Jensen would retain Mansion House brand in whisky, which was a bigger business then. The Dutch side, however, argued that the arrangement was never legally solemnised and moved courts in 2008, when Mansion House brandy had emerged as a formidable brand in the Indian December 2011, a one-member bench of the Bombay HC held that Tilaknagar had the rights to Mansion House in India, but Herman Jensen went on to appeal before a division bench. In 2014, ABD bought a 50% stake in the two brands from Herman Jansen, giving ABD rights to produce and sell them in the country. In February this year, the Bombay HC dismissed Tilaknagar's plea and granted Allied Blenders permission to use the Mansion House brand name for some of its products in West Bengal.
Time of India
13 hours ago
- Business
- Time of India
Mansion House brand's global ownership goes to Allied Blenders
Allied Blenders and Distillers Ltd (ABD) has acquired global ownership of the 'Mansion House' and 'Savoy Club' liquor brands by fully acquiring Singapore-based UTO Asia Pte. Ltd. In a meeting held on June 10, 2025, ABD's board of directors approved the acquisition of 100% equity share capital of UTO Asia, the spirits co announced on Wednesday. The total consideration for the deal was €1.225 million (excluding stamp duty and levies), and the transaction has been concluded with immediate effect. With this acquisition, UTO Asia becomes a wholly owned subsidiary of ABD. The company holds legal and beneficial rights to the Mansion House and Savoy Club brands globally — excluding certain Southeast Asian markets : Singapore, Malaysia, Indonesia, Philippines, Thailand, Cambodia, Vietnam, Laos, China, and Myanmar. ABD said the deal aligns with its strategic expansion goals and enables it to strengthen its brand positioning across international markets. 'The acquisition of UTO Asia and the associated ownership of worldwide right, title and interest in the Mansion House and Savoy Club brands… allows it to gain full control over the brands on a global scale, while specifically addressing regional interests in key markets,' the company said in a statement. The acquisition, ABD added, is expected to help enhance brand presence and drive growth in the global liquor segment.
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Business Standard
2 days ago
- Business
- Business Standard
Smallcap spirits stock zooms 50% from May low, hits record high; here's why
Allied Blenders and Distillers (ABD) share price today Shares of Allied Blenders and Distillers (ABD) hit an all-time high of ₹454.10, soaring 6 per cent on the BSE in Tuesday's intra-day trade on the back of over two-fold jump in trading volumes. In comparison, the BSE Sensex was down 0.07 per cent at 82.389 at 02:45 PM. The stock price of this smallcap spirits company surpassed its previous high of ₹444.95, hit on January 3, 2025. It has zoomed 50 per cent from its previous month low of ₹302.50 touched on May 2, 2025. Allied Blenders Q4FY25 performance ABD's consolidated net revenue grew 20 per cent year-on-year (YoY) to ₹920.6 crore in March 2025 quarter (Q4FY25), driven by 20.8 per cent volume growth to 8.5 million cases. Prestige & Above (P&A) sales volume grew by 32 per cent YoY to 3.6 million cases and mass premium sales volume grew by 13 per cent YoY to 4.9 million cases. The company reported its highest-ever quarterly profit after tax (PAT) at ₹79 crore in Q4FY25, against a loss of ₹2.4 crore. The company also reported its highest-ever earnings before interest, taxes, depreciation and amortisation (EBITDA) at ₹150 crore, up 141.5 per cent YoY from ₹62 crore in Q4FY24. Gross margins improved by 436 bps YoY to 43.4 per cent (improved by 61 bps QoQ) due to improved product mix, softening of input prices and supply efficiencies. This along with cost saving initiatives led to 698 bps YoY improvement in the EBIDTA margins to 14.8 per cent (277bps improvement QoQ) ahead of analyst's expectation of around 12 per cent. The strong performance in EBITDA was driven by continued strong focus on profitable state brand mix and cost optimization initiatives. The robust performance in PAT was led by strong EBITDA growth and interest cost savings, the management said. Management expects EBIDTA margins to touch 15 per cent by FY28 driven by investment in backward integration (likely expansion of 300 bps in EBIDTA margins), improved mix to premium products and stable input prices. India-UK FTA Agreement The India-UK Free Trade Agreement is a truly significant milestone for the Indian spirits industry, opening up exciting new avenues for collaboration and growth for the sector as a whole and whisky category in particular. ABD is one of the largest importers of bulk scotch in India to benefit as lower import duty is expected to be largely margin accretive. In addition, this agreement will also benefit ABD's Super-Premium to Luxury portfolio by making these products more accessible. The management anticipates this will offer Indian consumers greater choice and an opportunity to enjoy a wider range of high-quality spirits. ICICI Securities view on Allied Blenders and Distillers Analysts at ICICI Securities expect EBIDTA margins of 13.5 per cent by FY27E. However, any benefits coming in from signing of FTA with UK will incrementally add-on to the margins in the coming years. ABD is focusing on expanding its premium portfolio, driving efficiencies through backward integration and increasing footprints in the domestic & international market. This will aid the company in its transformation journey of delivering consistent growth in the near to medium term. The brokerage firm has recommended a 'Buy' rating on ABD with a price target of ₹ 495, valuing stock at 43x its FY27E EPS of ₹ 11.6. About Allied Blenders and Distillers Allied Blenders and Distillers Limited (ABD) is the largest domestic spirits company in India, in terms of annual sales volumes. ABD has a presence in five main flavors, i.e., whisky, brandy, rum, vodka, and gin, with 'millionaire' brands like Officer's Choice Whisky, Officer's Choice Blue Whisky, Sterling Reserve Premium Whiskies and ICONiQ White Whisky. Currently, its manufacturing network comprises 36 units, of which 9 are owned bottling units, 2 owned distilleries, and 25 non-owned manufacturing units.
Yahoo
5 days ago
- Yahoo
‘Terrified' black man died after police restrained him, inquest hears
A vulnerable and 'terrified' black man who was suffering a medical emergency and crying out for help died after police dragged him across a bathroom floor by his collar and handcuffed him, an inquest jury has heard. Godrick Osei, 35, who was said to be experiencing acute behavioural disturbance (ABD), became 'floppy' and suffered a fatal collapse within two minutes of being restrained. Relatives of Osei have claimed at the inquest in Truro that he was treated 'inhumanely' because of his race, which was denied by the Devon and Cornwall police officers involved in the incident. Osei's family described him as a deeply loved son, brother, father and uncle, a 'gentle giant' who had struggled with his mental health after the death of his father. The inquest heard Osei, a student, experienced ABD in the early hours of Sunday 3 July 2022 after taking cannabis and cocaine, and drinking alcohol. He thought he was being chased by someone and called the police asking for help before breaking into a care home in Truro and entering a narrow bathroom. Care home staff called 999 and when police officers arrived, Osei was locked inside the bathroom screaming and calling for help. Officers forced their way in and found Osei on the floor. One of the officers, PC Peter Boxall, told the inquest on Wednesday that he dragged Osei by his collar as this was the safest way to get him out of the narrow space. He argued that handcuffing him was justified for the safety of the officers and members of the public, including Osei. Una Morris, the family's lawyer, suggested to Boxall that his attitude changed when he saw Osei was black. He told a colleague to 'red dot' him – aim a Taser at him, though the electrical weapon was not discharged – and said: 'Fucking hell, look at the sight of his fingers,' the inquest heard. The lawyer asked Boxall if dragging a black man by the collar across the floor and swearing at him was 'inhumane'. Boxall replied that the man's race made no difference. 'We needed to gain control,' he said. However, he apologised for his language. Morris put it to Boxall that Osei was 'terrified'. The officer replied there was a 'certain amount of shock on his face'. Osei's family also claimed Boxall kicked Osei while he was on the floor, but he denied this. Within two minutes of being restrained, Osei collapsed and died. The inquest heard Osei had ABD, which presents with symptoms such as extreme agitation, paranoia, rapid breathing and sweating, and can be exacerbated by restraint. Boxall said he had been trained in ABD but had not recognised it in Osei. Earlier this week, the inquest heard there was an unfounded suspicion that Osei may have been a black man suspected of pushing a man from a bridge in Truro into the river the night before. Morris told the inquest the colour of the two men's skin was their only similarity. She suggested that this was an indicator of 'racial bias'. Rosie Antonio, another of the five officers who attended, said she had been worried that Osei could have a knife because care home staff reported he had blood on him and she heard the sound of a metal object hitting a hard surface. Antonio, who has since left the police, said she had had a 'small amount' of training on ABD but did not think when she arrived at the scene that this was what Osei was experiencing. A third officer, PC Katie Bagguley, said it did not cross her mind that it could have been ABD. The inquest continues.
