Allied Blenders reports flat Q1FY27 profit as supply chain disruptions dent margins

Allied Blenders and Distillers Limited (ABDL) posted a near-stagnant consolidated net profit of ₹45 crore for the quarter ended June 30, 2026, down 18.7 per cent year-on-year from ₹56 crore in Q1FY26, as global supply chain disruptions worth ₹24 crore weighed on earnings.

Income from operations rose 5.8 per cent year-on-year to ₹984 crore from ₹930 crore, driven by volume growth of 10.7 per cent in the Prestige & Above (P&A) segment and 2.3 per cent in Mass Premium. EBITDA held almost flat at ₹120 crore versus ₹119 crore a year ago, while EBITDA margin contracted 55 basis points to 12.2 per cent. The company said that excluding the supply chain impact, like-to-like EBITDA would have been ₹144 crore, up 21.4 per cent, with margin at 14.7 per cent.

Gross margins expanded 277 basis points to 46 per cent, supported by a favourable input cost environment and backward integration benefits. However, planned investments in people, core brands and the newly launched luxury portfolio offset these gains at the operating level.

ICONiQ White, the company’s fastest-growing brand, rose 33.8 per cent to 3.1 million cases in the quarter. Net debt declined by ₹33 crore to ₹947 crore, with Net Debt/EBITDA steady at 1.7x and Net Debt/Equity at 0.6x, both within stated financial guardrails.

On the expansion front, ABDL added three international markets during the quarter, taking its export presence to 39 countries. The company also progressed its multi-state capex programme spanning Telangana, Maharashtra, Uttar Pradesh and Andhra Pradesh, with a combined investment outlay of approximately ₹994 crore aimed at enhancing EBITDA margins by around 300 basis points by FY28.

ABDL shares were trading at ₹607.25 on the NSE on July 24, 2026, up 0.78 per cent intraday, giving the company a market capitalisation of approximately ₹16,992 crore.