Latest news with #ABD
Mint
11 hours ago
- Business
- Mint
ABD predicts margin gains from India-UK trade deal
Next Story Suneera Tandon The maker of Officer's Choice whiskey, one of India's top-selling whiskey brands, imports bulk scotch worth ₹ 100 crore annually. The FTA is set to reduce duties on these imports, positively impacting ABD's cost structure, says managing director Alok Gupta Alok Gupta, managing director, ABD Gift this article NEW DELHI :Mumbai-based liquor maker Allied Blenders and Distillers Ltd anticipates its operating margin to improve by 2 percentage points once the India-UK free-trade agreement is implemented. Mumbai-based liquor maker Allied Blenders and Distillers Ltd anticipates its operating margin to improve by 2 percentage points once the India-UK free-trade agreement is implemented. The maker of Officer's Choice whiskey, one of India's top-selling whiskey brands, imports bulk scotch worth ₹ 100 crore annually. The FTA is set to reduce duties on these imports, positively impacting ABD's cost structure. "We are one of the largest importers of bulk scotch in India, if you take the multi-nationals out. Under the FTA, customs duties will come down over a period of 10 years; this alone should have about a 200 basis point impact on our margins," Alok Gupta, managing director of ABD, said in an interview with Mint on Wednesday. 'This is pretty significant, so we are looking forward to the final contours of the FTA and its implementation." This duty cut applies to both bottled-in-origin (BIO) and bulk Scotch, which is used in Indian made foreign liquor (IMFL) blends. 'As far as bottled (Scotch) is concerned, we do expect prices to fall by mid-single digit. That is assuming the entire benefit is passed on to the consumer. We will definitely see some reduction in end consumer prices. We import roughly north of ₹ 100 crore of bulk scotch, on which the current duty is 150% duty; this is expected to come down. As our portfolio grows, the quantum of savings will only get better. It should have about a 200 basis point impact on our EBITDA." ABD operates across the whisky, brandy, rum, vodka, and gin segments, with prominent brands including mass-market brand Officer's Choice Whisky and Sterling Reserve Premium Whiskies. Its manufacturing network comprises 37 units: 9 owned bottling units, two owned distilleries, and 26 non-owned manufacturing units. Premium push ABD has also been expanding its premium portfolio beyond mass-market whiskey, which forms the majority of its business. ABD Maestro, ABD's luxury spirits subsidiary, commenced operations in April 2025. Through its partnership with Roust Corporation, ABD Maestro introduced Russian Standard Vodka to India earlier this year. In the June quarter, the company's total income grew 0.8% on-year to ₹ 1,783 crore, with income from operations rising 22.5% to ₹ 930 crore. Profit surged from ₹ 11 crore in the same period last year to ₹ 56 crore. Cautious optimism Overall, the company sold 8.5 million cases, up 17.2% on-year, driven by strong growth across regions due to high consumer demand for its core brands. Earlier this year, the Mumbai-based company acquired the intellectual property rights and brands of Fullarton Distilleries Pvt Ltd for ₹ 39.50 crore. This acquisition includes popular brands like Woodburns whisky, Pumori small batch gin, and Segredo Aldeia rum. ABD also announced a ₹ 9 crore investment to acquire a 51% stake in Good Barrel Distillery Pvt Ltd, a startup known for its premium rum brand, Rock Paper Rum. Gupta said the June quarter started on a better note, citing income tax relief and prices coming down in many markets. 'This year should be actually better than last year in terms of both value and volume growth," he said. Also Read: Decathlon plans $3 billion of Indian sourcing by 2030 On future acquisitions and deals, Gupta said, "We are in a good place in terms of our portfolio. As far as the luxury segment is concerned, we have built our portfolio in an asset-light manner. We continue to focus on interesting opportunities in an asset-light manner." Topics You May Be Interested In Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Business Standard
20 hours ago
- Business
- Business Standard
Allied Blenders gains as Q1 PAT skyrockets 399% to Rs 56 crore
Allied Blenders and Distillers rose by 1.65% to Rs 495.30 after the company's consolidated net profit stood at Rs 56 crore in Q1 FY26, marking a 398.6% increase compared to Rs 11 crore in Q1 FY25. Revenue from operations (excluding excise duty) increased by 21.80% year-on-year (YoY) to Rs 922.86 crore in Q1 FY26. Profit before tax surged by 386.74% to Rs 75.64 crore in Q1 FY26, compared to Rs 15.54 crore recorded in Q1 FY25. EBITDA for the quarter stood at Rs 119 crore in Q1 FY26, reflecting a 56.4% increase compared to Rs 76 crore in Q1 FY25. EBITDA margin was 12.8% in Q1 FY26, compared to 10% in Q1 FY25. The Prestige & Above (P&A) portfolio continued to perform strongly in Q1 FY26, supported by robust consumer demand across regions. Total volumes grew by 17.2% year-on-year to 8.5 million cases, up from 7.3 million cases in Q1 FY25. The share of P&A in overall volume rose to 46.2% in Q1 FY26 from 36.9% in Q1 FY25, while its value contribution increased to 55.8% from 46.1% over the same period. ICONiQ White, recognized as the worlds fastest-growing Millionaire Spirits Brand in CY2023 and CY2024, maintained strong momentum across India, reinforcing its growing popularity and leadership in the premium segment. Golden Mist marks Allied Blenders and Distillers' entry into the fast-growing prestige brandy segment, strengthening its non-whisky offerings in the Prestige & Above category. The launch reflects the companys commitment to portfolio diversification and premiumization. Golden Mist has been introduced in key markets such as Karnataka and Telangana. Alok Gupta, managing director of ABD, stated, This quarter marks our fourth consecutive quarter of strong performance validating our strategy of prioritizing profitable volume growth, premiumization of portfolio and agile investments in backward integration to enhance margins. As we move forward, our strategic focus positions us strongly to sustain growth and consistently enhance customer value. Following the IPO in July 2024, the company recorded its 4th consecutive quarter of strong profitable performance. Allied Blenders and Distillers (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 Officers Choice Whisky, Officers Choice Blue Whisky, Sterling Reserve Premium Whiskies and ICONiQ White Whisky. Currently, its manufacturing network comprises 37 units, of which 9 are owned bottling units, 2 owned distilleries, and 26 non-owned manufacturing units.
Time of India
2 days ago
- Business
- Time of India
Allied Blenders and Distillers Q1 Results: Profit up fourfold to Rs 55 crore, revenue at Rs 1,776 crore
Allied Blenders and Distillers on Tuesday reported a four-fold jump in its consolidated net profit to Rs 55.83 crore in the June quarter of FY2025-26. The company, the maker of Officer's Choice Whisky , had posted a profit of Rs 11.19 crore in the April-June quarter a year ago, according to a regulatory filing from Allied Blenders and Distillers (ABD). Explore courses from Top Institutes in Please select course: Select a Course Category Technology MBA Public Policy Artificial Intelligence Operations Management Data Science Leadership Cybersecurity Digital Marketing others Degree Project Management CXO Product Management healthcare Management Design Thinking Others MCA Finance Data Analytics Healthcare Data Science PGDM Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details Its revenue from operations rose to Rs 1,776.37 crore in the June quarter from Rs 1,766.94 crore in the corresponding quarter of the previous fiscal year . ABD's total expenses were at Rs 1,664.78 crore, down 1.65 per cent in the June quarter. The total income of ABD, which includes other income, was at Rs 1,783.45 crore. Live Events Commenting on the results, ABD Managing Director Alok Gupta said that this is the fourth consecutive quarter of strong performance following the IPO and listing of the company. "As we move forward, our strategic focus positions us strongly to sustain growth and consistently enhance customer value," he said. Allied Blenders and Distillers, makers of Officer's Choice Whisky, Sterling Reserve Premium Whiskies and ICONiQ White Whisky - is the largest domestic Spirits company in India, in terms of annual sales volumes. Shares of Allied Blenders and Distillers Ltd on Tuesday settled at Rs 487.25 on BSE, up 2.07 per cent from the previous close.
News18
2 days ago
- Entertainment
- News18
Not Kohli Or Tendulkar! AB De Villiers Picks 166-Test Veteran As Greatest Of All Time
AB de Villiers is one of the greatest cricketers of all time. The 41-year-old wicketkeeper-batter, who also served as the captain of the South African men's cricket team, played a total of 114 Tests, 228 ODIs, and 78 T20Is during his 14-year-long international cricket career and scored more than 20,000 runs (20,014). For many fans, greats, and experts of the game, ABD is the Greatest Of All Time (G.O.A.T.), but recently when he was asked to name the first player that comes to his mind when he hears the word G.O.A.T., he mentioned Jacques Kallis' name.
Telegraph
2 days ago
- Telegraph
Police officer was wrongly arrested for ‘lightly' smacking misbehaving son
A police officer was wrongly arrested for 'lightly' smacking her misbehaving son, a judge has ruled. The Metropolitan Police officer, who is not named, and her husband, were arrested by Surrey Police officers after she smacked their teenage son in 2019. She gave her son what she described as a 'light smack on the left cheek' after he misbehaved, it was said. The couple, who have three children, sued Surrey Police, claiming their detention was unlawful as it was unnecessary. They had their claims dismissed following a civil trial last year and appealed against the decision at the High Court earlier this month. In a ruling on Monday, Mr Justice Bourne overturned the decision. He said: 'In my judgement, on a proper analysis of the evidence at trial, the police did not show that there was an objective basis for the belief that it was necessary to arrest either claimant.' 'An unfortunate history of challenging behaviour' The judge said in a 30-page ruling that at the time of the incident, the couple's son, referred to as ABD, had 'an unfortunate history of challenging behaviour' and had begun attending a youth centre to access mental health services. The couple cancelled ABD's birthday party in March 2019 after he misbehaved, causing him to go to his room, where he 'kicked things around'. This led his mother to smack her son while his father was asleep, which she said 'was not hard and did not cause any injury or leave any mark'. ABD attended the youth centre the following day and told staff he had been assaulted by his mother and that his father had done nothing to stop it. Despite offering to be interviewed voluntarily, both parents were arrested and detained for more than seven hours. ABD returned to the family home the following day, with police deeming that the children were not at risk of harm and telling the couple that they would face no further action three days after their arrest. Erring judge Following a five-day trial at Guildford county court, a judge dismissed their legal claims, finding that police 'reasonably believed' that their arrests were necessary 'to protect a child or children from the person in question and to enable a prompt and effective investigation'. The judge also ordered the couple to pay 70 per cent of the force's legal costs. At a hearing in London on July 2, barristers for the couple told the High Court that the judge 'erred' by finding that the arrests were 'objectively reasonable' as both parents had offered to give voluntary interviews. In his ruling, Mr Justice Bourne said he was 'unable to agree' with the trial judge's finding that there was a 'rational basis' for officers to conclude that voluntary interviews were not an option. He said: 'In the present case, no reason has been identified which actually explains why voluntary interviews were not a viable alternative. 'None of this means that police officers are entitled to special treatment when they find themselves suspected of an offence. 'But the police must assess the circumstances and make rational decisions as to whether coercive measures are needed or not. Merely referring to the need to protect children and to protect the integrity of the investigation was not and is not enough. It follows that the arrests were unlawful and the claims should have succeeded.'
