Latest news with #ABD
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Business Standard
15 hours 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
4 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.
Hospitality Net
5 days ago
- Business
- Hospitality Net
Travel & Tourism in LAC Set to Add US$206BN to Regional Economy Over the Next Decade, Says WTTC
Santo Domingo, Dominican Republic - The World Travel & Tourism Council (WTTC), in partnership with the Inter-American Development Bank (IDB), announced the launch of the Tourism Task Force during the Plenary Meeting of the Americas Business Dialogue (ABD) – a public-private platform to elevate Travel & Tourism as a key driver of growth, jobs, and resilience across Latin America and the Caribbean (LAC). The Task Force will convene throughout 2025 to shape policy recommendations and investment strategies. Its conclusions will be presented at the CEO Summit of the Americas in Punta Cana this December, offering a blueprint for regional collaboration in Travel & Tourism. The launch comes at a critical moment, as WTTC unveils new figures that highlight the growing importance of the Travel & Tourism sector to the region's prosperity. Travel & Tourism: A Key Asset for LAC According to the latest Economic Impact Research (EIR), produced in collaboration with Oxford Economics, Travel & Tourism contributed US$714 billion to LAC's economy in 2024, accounting for 10% of the region's total GDP. It also supported 28.2 million jobs, or one in every 11 jobs across the region. International visitors spend reached US$144.4 billion last year, providing a vital source of export income for many national economies. Travel & Tourism is one of the most powerful levers for inclusive economic growth in Latin America and the Caribbean. The region has a generational opportunity to put Travel & Tourism at the centre of their development agenda. With the ABD Task Force now in place, we can drive smarter investment, unlock growth, and deliver jobs and opportunity at scale. Christopher Imbsen, WTTC VP Policy This launch marks a milestone in the integration of tourism into the productive agenda of the IDB and IDB Invest, recognizing its transformative potential for the region. In collaboration with our private sector partners and WTTC, we are working to deliver concrete results: more investment, jobs, and regional growth. Fabrizio Opertti, IDB Sector Manager of Productivity, Trade, and Innovation A Decade of Opportunity: 2035 Projections Looking ahead, the next decade offers unprecedented opportunity. By 2035, the Travel & Tourism sector could contribute US$944.8 billion to the regional economy and support more than 35.4 million jobs. Compared to 2025, this would represent an additional US$206 billion in economic value and 6 million new jobs, reflecting the sector's unique ability to scale inclusive and sustainable growth. Priorities for Action and Growth To unlock the sector's full potential, WTTC highlights five core enablers for sustainable tourism growth in LAC: talent and employment, resilient infrastructure & connectivity, digital transformation, business environment and access to finance. However, challenges persist. Tourism investment across LAC continues to trail behind global benchmarks. Creating a more investment-friendly environment will be crucial, demanding bold reforms, improved regulation, and stronger collaboration between the public and private sectors. With the ABD Tourism Task Force now in motion, the region has a unique opportunity to place Travel & Tourism at the heart of its long-term development agenda. For further information or to access the full regional factsheets, including WTTC's latest Environmental & Social Research (ESR), please visit WTTC's Research Hub. * All figures are in USD. * 'Latin America and the Caribbean (LAC)" includes Mexico, Central and South America, and the Caribbean, as defined in WTTC's Economic Impact Research About IDB The Inter-American Development Bank (IDB) is devoted to improving lives across Latin America and the Caribbean. Founded in 1959, the IDB works with the region's public sector to design and enable impactful, innovative solutions for sustainable and inclusive development. Leveraging financing, technical expertise and knowledge, it promotes growth and well-being in 26 countries. Visit our website: About ABD The Americas Business Dialogue (ABD) is an initiative led by the private sector and facilitated by the Inter-American Development Bank (IDB) that fosters a high-level exchange between governments and the private sector of the Americas on policies that promote development and sustainable and inclusive economic growth. About WTTC The World Travel & Tourism Council (WTTC) represents the global travel & tourism private sector. Members include 200 CEOs, Chairs and Presidents of the world's leading travel & tourism companies from all geographies covering all industries. For more than 30 years, WTTC has been committed to raising the awareness of governments and the public of the economic and social significance of the travel & tourism sector. WTTC Press Office WTTC
Indian Express
6 days ago
- Entertainment
- Indian Express
5 must-read books for every cricket enthusiast
Written by : Chanakya Chandrupatla For a true cricket fan, understanding the game goes beyond just watching matches—it's about appreciating the tactics, the history, the artistry of captaincy, and the personal journeys of legendary players. Whether you're fascinated by the science behind pitch conditions, the psychology of leadership, or the cultural impact of the sport, these five books offer deep insights into cricket's rich legacy. Beyond A Boundary – by Cyril Lionel Robert James A timeless classic, Beyond a Boundary explores cricket's profound influence on society, particularly during the colonial era. The book intertwines the author's personal connection with West Indian legends such as George John and Wilton St Hill, while posing a thought-provoking question: 'what do they know of cricket who only cricket know?' More than just a sports memoir, it's a reflection on race, politics, and identity through the lens of the game. AB The Autobiography – by Abraham Benjamin de Villiers The book is an autobiography of the South African legend Abraham Benjamin DeVillers, popularly known as ABD. DeVillers had represented the Royal Challengers Bengaluru at the Indian Premier League. The book aims to speak about ABD's journey on the verge of becoming a cricketer. It speaks about his early days as a cricketer apart from that, the book also aims to speak about his inspiration from India too. Jonty Rhodes, legendary South African fielder, writes the foreword. The book also conveys ABD's relation with his fellow teammates Virat Kohli, Faf Du Plessis and others. Cricket Grounds of the World – The Times Network This visually stunning book takes readers on a global tour of cricket's most iconic stadiums—from the hallowed Lord's Cricket Ground to Kolkata's roaring Eden Gardens and the picturesque Adelaide Oval. Packed with breathtaking photographs, historical anecdotes, and key statistics, it celebrates the architectural and emotional significance of these legendary venues. A must-have for fans who cherish the sport's heritage. The Art of Captaincy – by Mike Brearley Regarded as one of cricket's sharpest minds, former England captain Mike Brearley dissects the nuances of leadership in The Art of Captaincy. Drawing from his experience in the historic 1981 Ashes victory, Brearley breaks down tactical decision-making, man-management, and the psychological battles that define great captains. This book is an essential guide for aspiring leaders, both on and off the field. The Commonwealth of Cricket – Ramachandra Guha Historian and cricket aficionado Ramachandra Guha pens a heartfelt tribute to the sport in The Commonwealth of Cricket. Chronicling his lifelong passion—from childhood games in Dehradun to witnessing India's cricketing evolution—Guha blends personal nostalgia with sharp analysis. He also offers rare insights into the challenges faced by cricket administrators, making this a compelling read for fans who love the game's history and cultural impact. ( Chanakya Chandrupatla is an intern at the Indian Express )
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First Post
7 days ago
- Business
- First Post
After IMF, another bailout package for Pakistan; ADB okays $800 mn aid despite India's objection
The ABD package comes just days after Islamabad secured a $1 billion package from the IMF despite New Delhi's objections read more The Asian Development Bank (ADB) on Wednesday (June 4) approved a $800 million bailout package for Pakistan despite India's 'vehement objections'. New Delhi was opposed to any financial assistance to Pakistan over its role in terror financing in the region. The ABD package comes just days after Islamabad secured a $1 billion package from the IMF . India had criticised the IMF's decision, with Defence Minister Rajnath Singh saying the money would be used to finance terrorism. STORY CONTINUES BELOW THIS AD The new ADB package is aimed at improving public financial management, at least on paper. Out of the $800 million package, $300 million is a policy-based loan, while the rest is programme-based guarantee. India registered its strong objection According to sources, the Indian government had strongly objected to ADB's financial aid to Pakistan, citing concerns of misuse. India highlighted how Pakistan was rapidly ramping up its defence budget despite economic fragility and tax revenue dropping from 13 per cent of GDP in 2018 to just 9.2 per cent in 2023. New Delhi fears that Pakistan could channel money meant for growth to boost defence spending. India argues that this misuse of funds is the reason why Pakistan has failed to overcome economic challenges even after securing multiple loans from the ADB and the IMF. India unhappy over Pak military's role in economy India also pointed out Pakistan's poor governance and the large role its military plays in the economy. It noted that the military's influence is strong, particularly through the Special Investment Facilitation Council. This council was established in June 2023 to encourage and support investment, especially foreign direct investment. India also expressed serious concerns about Pakistan's support for cross-border terrorism and its failure to comply with important mandates of the Financial Action Task Force (FATF), such as freezing the assets of UN-designated terrorist groups. India emphasised that these issues not only threaten regional peace but also increase the risk for the Asian Development Bank (ADB). India is likely to push the FATF to put Pakistan back on its 'grey list', which would increase scrutiny on its financial transactions.
