Allied Blenders & Distillers Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 6 Aug 2026 | Beverages | Market Cap: ₹17.2K Cr
ABD Maestro currently has an annual run rate (ARR) of about Rs. ABD's Prestige & Above (P&A) segment showing strong growth with 8.3% QoQ and 28.8% YoY volume increase, expanding P&A salience to 47.1% from 39.7% in Q2 FY '25, indicating premiumization driving earnings growth. - ICONiQ White doubling volume organically and increasing market share, signaling robust top-line and profitability growth for the brand. - ABD Maestro's ARR at Rs.
From Allied Blenders & Distillers Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹595
Market Cap
₹17.2K Cr
P/E Ratio
77.0
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Allied Blenders & Distillers Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.0K Cr, net profit ₹38 Cr.
Full financials →📊 Revenue & Sales Performance
- →ABD Maestro currently has an annual run rate (ARR) of about Rs. 40 crores and is growing month-on-month, expected to expand distribution domestically and globally in H2 FY '26.
- →ICONiQ White has achieved nearly 5 million cases in H1 FY '26 and is on track to reach close to 10 million cases annualized volume within the year.
- →Prestige & Above (P&A) category continues growing strongly, with an 8.3% quarterly and 28.8% year-on-year volume growth, increasing its share to 47.1% of total volumes.
- →International market expanded from 14 to 30 countries and targets 35 countries by Q4 FY '26; aims to build a 1 million case business in Africa by FY '28 with international contribution expected to rise from 8% to 12%-15% of total revenue with ABDM portfolio roll-out.
- →Luxury brand portfolio focused on continuous product development and distribution expansion domestically and in travel retail, driving 4x growth in brands like Zoya Gin since April 2025.
- →Overall sales growth is supported by premiumization strategy, new product launches, and market share gains across segments.
📈 Profitability & Margins
- →ABD's Prestige & Above (P&A) segment showing strong growth with 8.3% QoQ and 28.8% YoY volume increase, expanding P&A salience to 47.1% from 39.7% in Q2 FY '25, indicating premiumization driving earnings growth.
- →ICONiQ White doubling volume organically and increasing market share, signaling robust top-line and profitability growth for the brand.
- →ABD Maestro's ARR at Rs. 40 crores and growing month-on-month, expected to scale significantly with approx. 8x top-line impact per 1% volume, contributing to future earnings expansion.
- →PET bottle manufacturing facility commissioned, expected to add Rs. 30+ crores to gross margin, supporting EBITDA expansion.
- →Capex of ~Rs. 527 crores, largely invested by FY '26 with operational efficiencies expected from new facilities, promising margin improvement.
- →International business targeted to grow from 8% to 12-15% of total revenue, contributing to diversified profit sources.
- →Margin improvement focus via unit economics, cost optimization, and portfolio premiumization, indicating future EPS growth.
🏗️ Capital Expenditure Plans
- →Completed Rs. 115 crore investment in a PET bottle manufacturing facility in Rangapur, Telangana, operational from Q2 FY '26, producing 600 million bottles annually.
- →Single malt distillery in Rangapur, Telangana and ENA distillation capacity expansion in Aurangabad, Maharashtra are ongoing, expected to be operational in Q4 FY '26 and Q4 FY '27 respectively.
- →Total capex program of approximately Rs. 527 crore: 25% spent last year, 60% planned for current financial year, and 15% in next financial year.
- →Capex funded partly through borrowing while keeping leverage ratios within internal guidelines.
- →New PET facility is EBITDA-accretive, improves gross margins through backward integration, supply chain efficiency, and packaging cost savings, supporting margin expansion and sustainability goals.
- →Operating cash flow strong (Rs. 147 crores in H1 FY '26) despite peak capex phase.
💰 Fundraising & Capital Structure
📋 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 company highlights the growth and expansion of its ABD Maestro (ABDM) business with a current annual run rate (ARR) of about Rs. 40 crores, growing month-on-month.
- →ABDM is focused on expanding distribution in key Indian states, global markets, and travel retail with plans to provide detailed data by the end of the financial year.
- →The international business is expanding from 14 to 30 countries, including GCC, Africa, western hemisphere, Europe, and Southeast Asia, targeting significant volume growth.
- →The company expects pipeline corrections in Telangana to normalize by Q3 FY '26, which may impact future orders and operations positively.
Key Metrics
Frequently Asked Questions
What were Allied Blenders & Distillers Ltd Q2 FY26 results?
ABD Maestro currently has an annual run rate (ARR) of about Rs. ABD's Prestige & Above (P&A) segment showing strong growth with 8.3% QoQ and 28.8% YoY volume increase, expanding P&A salience to 47.1% from 39.7% in Q2 FY '25, indicating premiumization driving earnings growth. - ICONiQ White doubling volume organically and increasing market share, signaling robust top-line and profitability growth for the brand. - ABD Maestro's ARR at Rs.
What is Allied Blenders & Distillers Ltd share price analysis?
Allied Blenders & Distillers Ltd currently shows a neutral. The stock trades at a P/E of 77.0 with a market cap of ₹17,178 Cr. Investors should review the full earnings analysis for detailed insights.
Is Allied Blenders & Distillers Ltd planning capital expenditure?
Completed Rs.
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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.