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Business Standard
16-05-2025
- Business
- Business Standard
Allied Blenders posts Q4 net profit at Rs 78.62 crore on premium push
Allied Blenders and Distillers has reported a consolidated net profit of Rs 78.62 crore during the March quarter, led by premiumisation of the portfolio. The company had posted a loss of Rs 240.62 crore in the January-March period a year ago, according to a late night regulatory filing from Allied Blenders and Distillers (ABD) on Thursday. Its revenue from operations was up 10 per cent to Rs 1,934.72 crore in the quarter. It was at Rs 1,757.42 crore in the corresponding quarter of the previous fiscal year. ABD's total expenses were at Rs 1,798.80 crore, up 6 per cent in the March quarter. The total income of ABD, which includes other income, was at Rs 1,948.99 crore, up 10.7 per cent. For the financial year ended March 31, 2025, Allied Blenders and Distillers' profit increased multifold to Rs 194.84 crore, from Rs 1.82 crore a year ago. The company said this was its highest-ever profit. In FY25, ABD's total consolidated income rose 5.46 per cent to Rs 8,094.02 crore. ABD Managing Director Alok Gupta said this is the third consecutive quarter of robust performance following the IPO of the company. "The consistent positive outcome of our four point transformation agenda -- premiumisation, supply chain security, margin enhancement, and enhance governance framework -- is demonstrated in these results, validating both our strategic direction and its effective execution. With this solid foundation, we are confident in sustaining our profitable growth," he said. The ABD board has also recommended a final dividend of Rs 3.60 per equity share of Rs 2 for 2024-25. Besides, it has also approved raising of funds of Rs 1,000 crore from market by issuance of securities or any combination of securities with or without premium for cash, in one or more tranches. The board also approved the proposal for a capex of Rs 29 crore for upgrade of the ABD's existing plant at Derabassi, Punjab, to facilitate capacity expansion. 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 the country, in terms of annual sales volumes. Shares of Allied Blenders and Distillers Ltd on Friday were trading at Rs 398.05 on the BSE, down 2.58 per cent from its previous close.
Business Standard
13-05-2025
- Business
- Business Standard
Allied Blenders' board to mull fund-raising plan on 15 May
Allied Blenders & Distillers said that its board is scheduled to meet on Thursday, 15 May 2025, to consider raising funds through issuance of various securities via different modes. The company will raise funds either by way of issuance of equity shares and / or other securities including securities convertible into equity shares, warrants or fully convertible debentures, partly convertible debentures, non-convertible debentures along with warrants, or convertible preference shares, by way of public issue, rights issue, preferential allotment, private placement, including qualified institutions placement(s) (QIP) in one or more tranches. Meanwhile, the board will also announced the audited financial result for financial year ended 31st March 2025. Allied Blenders and Distillers (ABD) is the third largest Spirits company in India. It 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. The company reported consolidated net profit of Rs 57.47 crore in Q3 FY25 as compared with net loss of Rs 4.42 crore in Q3 FY24. Net sales increased 8.8% YoY to Rs 973.94 crore in Q3 FY25. The counter rallied 7.08% to settle at Rs 352.30 on Monday, 12 May 2025.
