Allied Blenders and Distillers Ltd (ABDL) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- Management targets nearly 14 million cases for ICONiQ White in FY27, projecting over 25% growth, and aims to reach 20 million cases within two years.
- The 1600 crore backward integration capex plan is expected to boost EBITDA margin by 300 bps by FY28 and a further 150 bps by FY29.
- A new packaging refresh for Officer's Choice Blue is showing early signs of success in arresting declines, with a similar brand reset planned for Sterling Reserve B7.
Performance Overview
- Achieved a historic milestone by crossing 10 million cases in quarterly volume for the first time, an 11.1% YoY increase.
- Reported strong top-line growth with consolidated income from operations rising 15.8% YoY to 1,152 crore.
- Gross margins expanded by 90 basis points YoY to 45.3%, driven by a favorable product mix and backward integration benefits.
- Profitability was significantly impacted by global supply chain disruptions, which reduced PAT by an estimated 22 crore during the quarter.
- Made substantial progress on backward integration projects, including commissioning a new captive malt distillery in Telangana and a bottling facility in Uttar Pradesh.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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Tone & Disclosure
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