Allied Blenders

Q1 FY27Beverages

Allied Blenders Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹633

Market cap₹16.6K Cr

P/E74.6

Updated25 Aug 2026

Read4 min read

What the Q1 FY27 call signalled

2 of 3 strong

RevenueRank 3

MarginRank 1

CapexYes

Not discussed on this call: fundraise, order book.

The short version

ABD is on a transformational growth journey for the next 3 years with an optimistic outlook. ABD is on a transformational growth journey for the next 3 years with an optimistic outlook.

From Allied Blenders's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Rank 3

ABD is on a transformational growth journey for the next 3 years with an optimistic outlook.
Top line (revenue) is expected to grow at mid-teens percentage annually, with potential to increase to high teens.
Volumes expected to grow steadily, supported by ICONiQ White aiming for close to 15 million cases in FY27 (up from 10 million+ in FY26).
Prestige & Above segment volumes grew 10.7%, with continued premiumization focus.
ABD Maestro luxury segment turnover expected to double from ~₹40 crores in FY26 to FY27.
New product launches include deluxe vodka and premium whisky in H2 FY27, expanding white spaces.
Expansion in international markets beyond the current 10 countries.
Backward integration and distribution expansion to support sustained volume growth.
Overall, mid-teens revenue growth with volume growth driven by core brands, premiumization, and new launches.

Profitability & Margins

ABD is on a transformational growth journey for the next 3 years with an optimistic outlook.
Top line expected to grow in mid-teens for FY27, with potential to move to high teens as per management confidence.
EBITDA margins for FY27 expected to be broadly in line with FY26, with an aim for 18% by FY28 and further 1% improvement by FY29.
Margin expansion supported by premium mix improvement, backward integration benefits, operating leverage, and cost disciplines.
Q1 FY27 EBITDA margin at 12.2%, on a like-to-like basis (excluding supply chain disruptions) would be 14.7%, reflecting strong operating performance.
ICONiQ White and other premium/luxury portfolios like ABD Maestro to drive growth and profitability.
Revenue and EBITDA expected to improve with new premium launches and packaging revamps in H2 FY27.
Net debt and balance sheet remain well within management's financial framework for sustainable growth.

See what Allied Blenders said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

ABD's capex program focuses on improving supply security, reducing structural costs, and supporting margin expansion over the medium term.
Key investments include:
- PET bottles manufacturing facility at Rangapur, Telangana (commissioned in FY26, EBITDA accretive).
- Malt distillery at Rangapur expected to become operational in H1 FY27, strengthening in-house malt capacity.
- Strategic investments across Telangana, Maharashtra, Uttar Pradesh, and Andhra Pradesh to deepen in-house ENA, malt, PET, and bottling capabilities.
Capex program is planned to be funded through internal accruals and debt while maintaining leverage within defined financial framework.
ABD is evaluating new vendor options and value engineering measures in the packaging supply chain amid current buyers' market conditions.
Overall, these strategic investments aim to improve supply security, drive cost efficiencies, and enable margin growth in the medium to long term.

Top-ranked in Beverages

Ranked on what management guided this quarter

5x potential

1Varun Beverages₹1.4L Cr

Rev 2Mar 3

2Fratelli Vineyards Ltd₹565 Cr

Rev 2Mar 3

3₹12.9K Cr

Rev 3Mar 1

4₹33.2K Cr

Rev 3Mar 3

5₹1.5K Cr

Rev 3Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The company plans its capex program to be funded through a combination of internal accruals and debt.
There is no explicit mention of new equity fundraising in the transcript.
The company aims to maintain leverage within its defined financial framework throughout the investment cycle.
Net debt reduced by ₹33 crores in Q1 FY27, standing at ₹947 crores, with Net Debt to EBITDA at 1.7x and Net Debt to Equity at 0.6x, both within guidance.
Overall, Allied Blenders & Distillers Limited is focused on disciplined capital deployment and prudent capital allocation without signaling any immediate new fundraising plans via debt or equity.

See what Allied Blenders said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript does not explicitly mention the current or expected order book or pending orders for Allied Blenders & Distillers Limited. However, the following points related to business outlook and growth initiatives can be noted: - The company is on a transformation growth journey for the next 3 years with an optimistic outlook. - FY27 guidance projects mid-teens top-line growth with EBITDA margins broadly stable with FY26. - ABD Maestro (premium/luxury portfolio) is in the inception stage with growth expected to double in FY27 from ₹40 crores in FY26. - Several product launches and brand relaunches are planned in H2 FY27, including Deluxe Vodka and Premium Whisky. - Distribution expansion for ABD Maestro is underway, with presence in ~5,500 premium outlets. - Overdue payments largely cleared; new supplies are being paid on time. No direct data on specific order books or pending orders is provided in the transcript.

Allied Blenders — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.0K Cr, net profit ₹38 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Allied Blenders & Distillers Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Allied Blenders Q1 FY27 results?

ABD is on a transformational growth journey for the next 3 years with an optimistic outlook. ABD is on a transformational growth journey for the next 3 years with an optimistic outlook.

What is Allied Blenders share price analysis?

Allied Blenders currently shows a below-average growth signal. The stock trades at a P/E of 74.6 with a market cap of ₹16,643 Cr. Investors should review the full earnings analysis for detailed insights.

Is Allied Blenders planning capital expenditure?

ABD's capex program focuses on improving supply security, reducing structural costs, and supporting margin expansion over the medium term.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.