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📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
166 announcements match the current filters (relevance ≥ 5).
Allied Blenders Appoints Uday Rao as Marketing Director; Roshni Chatterjee Resigns
Allied Blenders and Distillers Limited (ABDL) has announced a leadership transition in its marketing department. Mr. Uday Rao, a veteran with over 25 years of experience in the alcobev and consumer sectors, has been appointed as Marketing Director and Senior Management Personnel effective March 4, 2026. He succeeds Ms. Roshni Chatterjee, who has resigned for personal reasons and will be relieved on March 13, 2026. This move comes as the company seeks to strengthen its brand performance in the prestige and premium market categories.
Key Highlights
Mr. Uday Rao appointed as Marketing Director and Senior Management Personnel effective March 4, 2026
Incoming Director brings 25+ years of experience from firms like Pernod Ricard India and Tilaknagar Industries
Outgoing Marketing Director Ms. Roshni Chatterjee to depart on March 13, 2026, due to personal reasons
New leadership will focus on driving performance in prestige, semi-premium, and premium market segments
👀 What to Watch
Investors should monitor if the change in marketing leadership accelerates the company's premiumization strategy and improves market share in high-margin segments. No immediate portfolio action is required based on this management transition.
ABDL to Acquire 50% Stake in Kion Blenders for Rs 300 Cr Distillery Project
Allied Blenders and Distillers Limited (ABDL) has approved the acquisition of up to a 50% stake in Kion Blenders Industries Private Limited, making it a subsidiary. The partnership aims to set up a 200 KLPD dual-mode distillery in Andhra Pradesh with a total investment of approximately Rs. 300 crores. ABDL will invest up to Rs. 45 crores in equity tranches, with the remaining project cost funded through debt. This strategic move is intended to enhance distillation capacity, improve margins, and ensure supply security for ENA and Ethanol.
Key Highlights
Acquisition of up to 50% stake in Kion Blenders for a total equity investment of up to Rs. 45 crores.
Planned setup of a 200 KLPD dual-mode distillery in Vizianagaram, Andhra Pradesh, with a total project cost of Rs. 300 crores.
The distillery is expected to be commissioned by Q4FY28, focusing on Extra Neutral Alcohol (ENA) and Ethanol.
Kion Blenders will become a subsidiary of ABDL, strengthening the company's backward integration and supply chain.
Initial acquisition expected to be completed by June 2026, with project funding balanced through market-benchmarked debt.
👀 What to Watch
Investors should monitor the execution of the distillery project as it represents a significant capacity expansion and margin improvement play. While the commissioning is set for FY28, the move strengthens ABDL's supply chain security in the AlcoBev sector.
Embassy Developments (EMBDL) CIRP Stay Extended by NCLAT to March 13
Embassy Developments Limited (EMBDL) provided an update regarding the Corporate Insolvency Resolution Process (CIRP) proceedings. During the hearing on February 27, 2026, the National Company Law Appellate Tribunal (NCLAT) continued the stay on the NCLT order that had allegedly admitted the company into insolvency. The matter is now treated as part-heard and is scheduled for further arguments on March 13, 2026. The company maintains that it remains fully operational and financially sound while the legal proceedings are ongoing.
Key Highlights
NCLAT has extended the stay on the NCLT order admitting the company into CIRP.
The next hearing for continuation of arguments is scheduled for March 13, 2026.
Management confirms the company remains fully operational and financially sound.
The impugned NCLT order is currently inoperative, halting all insolvency-related proceedings.
👀 What to Watch
Investors should remain cautious and monitor the outcome of the March 13 hearing, as any reversal of the stay could trigger insolvency proceedings. The stock will likely remain volatile until a final verdict on the CIRP admission is reached.
Embassy Developments: NCLAT Adjourns Insolvency Hearing to Feb 27; CIRP Order Remains Stayed
Embassy Developments Limited (EMBDL) has announced that the NCLAT hearing regarding its insolvency status has been adjourned to February 27, 2026. The stay on the NCLT order admitting the company into the Corporate Insolvency Resolution Process (CIRP) remains in effect, rendering the insolvency order inoperative for now. This allows the company to continue its business operations under existing management. The company maintains it is financially sound, though the legal outcome remains a critical pivot point for shareholders.
Key Highlights
NCLAT hearing adjourned from February 19 to February 27, 2026, for further arguments.
Stay on the NCLT order admitting the company into CIRP continues to remain in effect.
The NCLT order is currently inoperative, allowing the company to maintain normal operations.
Management asserts the company remains fully operational and financially sound despite the proceedings.
👀 What to Watch
Investors should monitor the outcome of the February 27 hearing closely, as the final disposal of the CIRP matter will determine the company's control and future valuation.
Embassy Developments Gets RERA Approval for ₹400 Cr Alibaug Project
Embassy Developments Limited (EMBDL) has secured MahaRERA approval for its first project in Alibaug, 'Embassy Serenity,' which carries an estimated Gross Development Value (GDV) of ₹400 crore. This project marks the company's strategic entry into the luxury second-home segment within the Mumbai Metropolitan Region. The development spans 7 acres and will offer 52 high-end residences, with a launch scheduled for the current quarter. This milestone follows a robust Q3 FY26 performance where the company achieved ₹1,392 crore in pre-sales and secured approvals for projects totaling over ₹12,800 crore in GDV.
Key Highlights
Received MahaRERA approval for Embassy Serenity in Alibaug with a ₹400 crore estimated GDV.
Project includes 52 luxury residences across 0.2 million sq. ft. of RERA carpet area.
Launch is scheduled for Q4 FY26 with possession targeted for 2030.
Company achieved ₹1,392 crore in pre-sales in Q3 FY26, a 240% increase quarter-on-quarter.
Aggregate GDV of recent project approvals exceeds ₹12,800 crore, providing high revenue visibility.
👀 What to Watch
The RERA approval and entry into the Alibaug market strengthen EMBDL's premium positioning and growth pipeline. Investors should monitor the launch success and the company's ability to maintain the high pre-sales momentum seen in Q3 FY26.
Embassy Developments (EMBDL) Q3 FY26: Pre-sales Surge 240% QoQ to ₹1,392 Cr
Embassy Developments Limited (formerly Indiabulls Real Estate) reported a strong operational Q3 FY26 with pre-sales reaching ₹1,392 crores, a 240% QoQ increase. While 9M FY26 revenue stood at ₹1,495 crores, the company posted a negative EBITDA of ₹107 crores due to high costs associated with legacy Indiabulls projects. Management is targeting ₹5,000 crore in pre-sales for FY26 and has a robust pipeline of ₹41,000 crore GDV over the next three years. A key legal watchpoint is the ₹372 crore insolvency claim by Canara Bank, currently stayed by NCLAT with a hearing on Feb 19.
Key Highlights
Q3 FY26 pre-sales grew 240% QoQ to ₹1,392 crores; 9M FY26 collections reached ₹1,096 crores.
Targeting ₹5,000 crore pre-sales for FY26 with ₹19,000 crore worth of projects launching this fiscal year.
Negative EBITDA of ₹107 crores for 9M FY26 due to legacy project costs in Vizag and Thane.
NCLAT has stayed insolvency proceedings regarding a ₹372 crore claim by Canara Bank; next hearing Feb 19, 2026.
Pipeline includes ₹41,000 crore GDV over 3 years on fully paid-up land across 8 cities.
👀 What to Watch
Investors should monitor the NCLAT hearing on Feb 19 and the company's ability to transition from legacy project losses to high-margin new launches. While operational momentum is strong, the negative EBITDA and legal overhang require a cautious approach.
Embassy Developments Reports 240% QoQ Pre-sales Growth in Q3 FY26
Embassy Developments (EMBDL) reported a massive 240% QoQ surge in pre-sales to INR 1,392 crore for Q3 FY26, driven by successful new launches in North Bengaluru. The company achieved new bookings of 1.19 million sq. ft., while 9M FY26 cumulative pre-sales reached INR 1,999 crore, a 46% YoY increase. Financial health remains stable with a low net debt-to-equity ratio of 0.29x and a strong project surplus of INR 28,200 crore. Management is optimistic about Q4 with a launch pipeline exceeding INR 12,000 crore in GDV, including the high-value Embassy Citadel in Worli.
Key Highlights
Pre-sales grew 240% QoQ to INR 1,392 crore, with new bookings rising 193% to 1.19 million sq. ft.
9M FY26 cumulative pre-sales reached INR 1,999 crore, marking a 46% growth compared to the previous year.
Strong execution with construction spend of INR 401 crore, representing a 97% spend-to-collections ratio.
Robust launch pipeline for Q4 FY26 including Embassy Citadel in Worli with an estimated GDV of INR 8,800 crore.
Maintained a healthy balance sheet with a net debt-to-equity ratio of 0.29x and cash equivalents of INR 670 crore.
👀 What to Watch
Investors should view the strong sales momentum and low leverage as positive indicators of the company's growth trajectory. Monitor the execution of the high-value Worli project in Q4 as a key catalyst for further valuation re-rating.
Embassy Developments Q3 Pre-sales Surge 240% QoQ to ₹1,392 Cr; NCLAT Stays Insolvency Order
Embassy Developments reported a strong operational Q3 FY26 with pre-sales reaching ₹1,392 Cr, a 240% QoQ increase driven by successful new launches in Bengaluru. Despite this growth, the company recorded a negative EBITDA of ₹101 Cr, primarily due to high costs associated with legacy projects and advance CAM payments. A critical legal update confirms that NCLAT has granted an unconditional stay on a legacy insolvency order from 2011, with the next hearing scheduled for February 19, 2026. The company maintains a healthy net debt-to-equity ratio of 0.29x and is targeting ₹5,000 Cr in pre-sales for FY26.
Key Highlights
Pre-sales grew 240% QoQ to ₹1,392 Cr in Q3 FY26, while 9M FY26 pre-sales rose 46% YoY to ₹1,999 Cr.
Consolidated EBITDA for the quarter was negative ₹101 Cr due to legacy Indiabulls portfolio costs and rebranding expenses.
NCLAT granted an unconditional stay on an NCLT insolvency order regarding a ₹372 Cr legacy claim from 2011.
Net Institutional Debt stands at ₹3,000 Cr with a conservative Net Debt to Equity ratio of 0.29x.
Four new launches are planned for Q4 FY26, including the high-value Embassy Citadel project in Worli with ₹8,800 Cr GDV.
👀 What to Watch
Investors should closely monitor the NCLAT hearing on February 19 and the company's potential exit from the ASM framework to restore stock liquidity. While operational momentum is robust, the focus should remain on the successful launch of the Mumbai portfolio and the turnaround of EBITDA margins as legacy projects phase out.
Embassy Developments Q3 Loss Widens to ₹739.6M; ₹1,325M Warrant Money Forfeited
Embassy Developments Limited (formerly Indiabulls Real Estate) reported a sharp decline in standalone revenue to ₹405.22 million for Q3 FY26, down from ₹1,662.45 million in the previous quarter. The company's net loss widened to ₹739.63 million compared to a loss of ₹404.79 million in Q2 FY26. A significant corporate event occurred as ₹1,324.95 million was forfeited and moved to capital reserves due to the non-exercise of 47.53 million warrants. Despite the operational loss, the company has successfully raised ₹14,058.25 million through warrants over the nine-month period.
Key Highlights
Revenue from operations dropped to ₹405.22 million in Q3 FY26 from ₹2,948.33 million in the same quarter last year.
Net loss for the quarter stood at ₹739.63 million, a reversal from a profit of ₹28.97 million YoY.
Forfeited ₹1,324.95 million in warrant subscription money after holders of 47.53 million warrants failed to convert.
Total funds received from share warrants during the nine months ended Dec 31, 2025, totaled ₹14,058.25 million.
Finance costs decreased significantly to ₹143.33 million in Q3 FY26 from ₹589.18 million in Q3 FY25.
👀 What to Watch
Investors should exercise caution as the company continues to report widening losses and volatile revenue post-merger. While the capital infusion from warrants is substantial, the operational turnaround following the reverse acquisition of NAM Estates remains the key monitorable.
Embassy Developments (EMBDL) NCLAT Hearing Adjourned to Feb 19; CIRP Stay Continues
Embassy Developments Limited (EMBDL) has informed that the NCLAT hearing scheduled for February 5, 2026, regarding its insolvency proceedings has been adjourned to February 19, 2026, due to paucity of time. Importantly, the NCLT order admitting the company into the Corporate Insolvency Resolution Process (CIRP) remains stayed by the NCLAT, rendering it currently inoperative. The company maintains that it is financially sound and continues to be fully operational during this legal process. Investors should note that this is a procedural delay in a critical legal matter that will determine the company's control and future.
Key Highlights
NCLAT hearing regarding CIRP proceedings adjourned from February 5 to February 19, 2026.
The NCLT order admitting the company to insolvency remains stayed and is currently inoperative.
Management confirms the company remains fully operational and financially sound.
The matter is being heard by the Principal Bench of the NCLAT in New Delhi.
The company was formerly known as Equinox India Developments and Indiabulls Real Estate.
👀 What to Watch
Investors should closely monitor the outcome of the next hearing on February 19, 2026, as it is critical for the company's status. Avoid taking aggressive positions until there is clarity on whether the insolvency stay is made permanent or vacated.
Allied Blenders Wins Trademark Suit Against Batra Breweries for 'Principal Choice' Mark
Allied Blenders and Distillers Limited (ABDL) has successfully secured a permanent injunction from the Delhi High Court against Batra Breweries and Distilleries Private Limited. The court's decree, dated February 4, 2026, restrains the defendants from using the trademark 'Principal Choice,' which was contested for infringing upon ABDL's intellectual property. While the company won the legal battle to protect its brand identity, it voluntarily waived its claims for damages or legal costs. This outcome is a strategic win for ABDL in maintaining its brand exclusivity in the competitive spirits market.
Key Highlights
Delhi High Court decreed suit CS(COMM) 551/2023 in favor of ABDL on February 4, 2026
Permanent injunction granted against Batra Breweries restraining the use of the mark 'Principal Choice'
ABDL voluntarily gave up all claims towards damages, legal costs, or costs of any nature
The ruling prevents potential brand dilution and consumer confusion in the alcoholic beverages segment
👀 What to Watch
Investors should view this as a positive development for brand protection, though it will not result in any immediate cash inflow due to the waiver of damages. Monitor for similar IP enforcement actions that protect the company's core 'Officer's Choice' franchise.
BDL Appoints Cmde. Sujay Kapoor as Director (Production) for 5-Year Term
Bharat Dynamics Limited (BDL) has received approval from the Ministry of Defence for the appointment of Cmde. Sujay Kapoor (Indian Navy) as Director (Production). The appointment is for a tenure of five years from the date of assuming charge, or until further orders. This leadership role is vital for overseeing the company's manufacturing operations and order book execution. The position carries a pay scale of Rs. 1,60,000 - 2,90,000 (IDA).
Key Highlights
Cmde. Sujay Kapoor appointed as Director (Production) for a 5-year term.
Appointment approved by Ministry of Defence via memorandum dated February 4, 2026.
The position features a pay scale of Rs. 1,60,000 - 2,90,000 (IDA).
The appointee is yet to assume charge as of the announcement date.
👀 What to Watch
This is a routine senior management appointment for a PSU; investors should monitor if this leadership transition improves production efficiency and order delivery timelines.
ABDL Subsidiary Launches Ultra-Luxury 34-Year-Old Single Malt Priced at ₹11 Lakhs
Allied Blenders and Distillers Limited (ABDL) subsidiary, ABD Maestro, has debuted its ultra-luxury spirits segment with 'The Collective' Limited Edition. The first release is a rare 34-year-old Speyside Single Malt distilled at Macallan Distillery in 1991, priced at ₹11 Lakhs per 700ML bottle in Maharashtra. This highly exclusive launch is limited to only 60 individually numbered bottles, targeting elite collectors and high-net-worth individuals. The move signifies ABDL's strategic shift toward high-margin premiumization and brand elevation in the Indian spirits market.
Key Highlights
Launch of 'The Collective' 34-Year-Old Single Malt distilled at Macallan Distillery in 1991
Extremely limited production of only 60 hand-crafted and individually numbered bottles
Premium pricing set at ₹11 Lakhs per bottle, targeting the ultra-luxury spirits segment
Strategic collaboration with Speyside Capital, Glasgow, for sourcing and brand development
Leveraging celebrity co-founder Ranveer Singh to enhance brand appeal among luxury consumers
👀 What to Watch
Investors should monitor ABDL's progress in the premiumization segment as it offers significantly higher margins than mass-market products. This launch enhances brand prestige, though its immediate impact on total revenue will be limited by the extremely low volume.
Allied Blenders Q3 FY26 EBITDA Grows 14.1% to ₹137 Cr; Net Debt Reduced to ₹785 Cr
Allied Blenders and Distillers reported a steady Q3 FY26 with revenue growing 2.8% YoY to ₹1,004 crore and PAT rising 10.9% to ₹64 crore. The company's premiumization strategy is yielding results, with the Prestige & Above (P&A) segment now contributing 48.5% of total volume, up from 42% last year. Operational efficiency and backward integration helped improve EBITDA margins to 13.6%. Notably, the company reduced its net debt by ₹108 crore during the quarter to ₹785 crore while continuing its ₹525 crore Phase 1 capex program.
Key Highlights
EBITDA increased by 14.1% YoY to ₹137 crore with margins expanding to 13.6% in Q3 FY26.
P&A segment volume grew 16.9% YoY, significantly increasing its share in the total product mix to 48.5%.
Net debt reduced from ₹893 crore in Sept '25 to ₹785 crore in Dec '25 despite ongoing growth capex.
ICONiQ White brand is on track to hit 10 million cases in FY26, having reached 7.7 million in 9 months.
Announced Phase 2 capex of ₹164 crore for bottling expansion in UP and Maharashtra to improve margins.
👀 What to Watch
Investors should monitor the execution of backward integration projects expected to add 300 bps to gross margins by FY28. The consistent debt reduction and shift toward high-margin premium brands strengthen the long-term investment case.
Allied Blenders Receives Partial Relief in Tax Appeals for AY 2014-15 to 2024-25
Allied Blenders and Distillers Limited (ABDL) has received orders from the Commissioner of Income Tax (Appeals) regarding tax disputes spanning a decade from AY 2014-15 to AY 2024-25. The appeals, which were filed in March 2025, have been 'partly allowed,' providing the company with partial relief from previously contested tax demands. While the specific financial quantum of the relief was not disclosed in this filing, the resolution of these long-standing appeals reduces overall legal uncertainty. Investors should look for further disclosures regarding the exact impact on the company's tax provisions and cash flows.
Key Highlights
Commissioner of Income Tax (Appeals) issued orders under Section 250 of the Income Tax Act, 1961.
The litigation covers a significant 10-year period from Assessment Year 2014-15 to 2024-25.
Appeals were 'partly allowed,' indicating a reduction in the company's potential tax liability.
Orders were received on January 30, 2026, following appeals filed in late March 2025.
👀 What to Watch
Monitor upcoming quarterly financial results for a quantification of the tax relief and its impact on net profit. While partial relief is positive, clarify the remaining tax liability before adjusting long-term valuation models.
BDL Declares ₹4.5 Interim Dividend; Q3 Net Profit Drops 50% YoY to ₹72.92 Crore
Bharat Dynamics Limited (BDL) reported a significant decline in its Q3 FY26 performance, with revenue from operations falling 32% YoY to ₹566.63 crore. Net profit for the quarter halved to ₹72.92 crore compared to ₹147.13 crore in the same period last year. Despite the quarterly slowdown, the company declared an interim dividend of ₹4.5 per share (90% of face value) with a record date of February 9, 2026. On a cumulative 9-month basis, the company remains ahead of last year with a net profit of ₹307.16 crore.
Key Highlights
Interim dividend of ₹4.5 per equity share (Face Value ₹5) declared for FY 2025-26
Q3 Revenue from operations declined to ₹566.63 crore from ₹832.14 crore YoY
Net profit for the quarter fell by 50.4% YoY to ₹72.92 crore
9-month cumulative net profit increased to ₹307.16 crore from ₹276.87 crore YoY
Record date for the interim dividend payment is fixed as February 9, 2026
👀 What to Watch
Investors should note the sharp quarterly decline in revenue and margins, which is typical for defense PSUs due to lumpy execution. While the dividend provides immediate yield, wait for management commentary on the order execution timeline before increasing positions.
BDL Q3 Net Profit Drops 50.4% YoY to ₹72.92 Crore; Declares ₹4.5 Interim Dividend
Bharat Dynamics Limited (BDL) reported a weak set of numbers for Q3 FY26, with net profit declining 50.4% YoY to ₹72.92 crore compared to ₹147.13 crore in the same period last year. Revenue from operations also saw a significant drop of 31.9% YoY, falling to ₹566.63 crore. However, the 9-month performance remains relatively stable with a 10.9% YoY growth in net profit to ₹307.16 crore. To reward shareholders, the board has declared an interim dividend of ₹4.5 per equity share (90% of face value).
Key Highlights
Net Profit for Q3 FY26 fell 50.4% YoY to ₹72.92 crore from ₹147.13 crore.
Revenue from operations for the quarter decreased 31.9% YoY to ₹566.63 crore.
Interim dividend of ₹4.5 per share declared with a record date of February 9, 2026.
9-month FY26 Net Profit stands at ₹307.16 crore, up 10.9% from ₹276.87 crore in 9M FY25.
Company reported a ₹4.47 crore additional liability due to the implementation of new labour codes.
👀 What to Watch
Investors should monitor the execution pace as the quarterly decline suggests lumpy revenue recognition, though the 9-month growth and high dividend yield offer some support. The stock may face short-term pressure due to the significant quarterly earnings miss.
BDL Declares ₹4.5 Interim Dividend; Q3 Net Profit Declines 50% YoY to ₹72.9 Crore
Bharat Dynamics Limited (BDL) has declared an interim dividend of ₹4.5 per equity share for FY 2025-26, setting February 9, 2026, as the record date. The company's Q3 FY26 financial results show a significant year-on-year contraction, with revenue from operations dropping 31.9% to ₹566.63 crore. Despite the quarterly slump, the nine-month (9M) performance remains stronger than the previous year, with net profit rising 10.9% to ₹307.15 crore. The company also noted a one-time impact of ₹4.47 crore due to the implementation of new labour codes.
Key Highlights
Interim dividend of ₹4.5 per share declared on a face value of ₹5 each
Q3 FY26 Net Profit fell 50.4% YoY to ₹72.92 crore from ₹147.12 crore
Revenue from operations for Q3 FY26 decreased to ₹566.63 crore vs ₹832.13 crore YoY
9M FY26 Total Income grew to ₹2,266.19 crore compared to ₹1,818.90 crore in 9M FY25
Record date for dividend payment fixed as February 9, 2026
👀 What to Watch
While the Q3 results show a sharp decline, investors should look at the 9-month cumulative growth and the steady dividend payout as indicators of long-term stability. Monitor the stock for potential volatility following the weak quarterly earnings despite the dividend support.
Embassy Developments Allots INR 250 Crore NCDs at 11% Interest Rate
Embassy Developments Limited has successfully allotted 25,000 secured, non-convertible debentures (NCDs) worth INR 250 crores on a private placement basis. This represents the first tranche of a total planned issue size of INR 400 crores. The NCDs carry an 11% annual coupon rate and have a tenure of 42 months, featuring a principal moratorium for the first four quarters. The capital infusion is expected to support the company's ongoing development projects and liquidity requirements.
Key Highlights
Allotment of 25,000 NCDs with a face value of INR 1,00,000 each, totaling INR 250 crores.
The instruments carry an 11% per annum cash coupon rate, payable quarterly after a 6-month moratorium.
Tenure of 42 months with principal repayment in 10 equal installments starting after a 1-year moratorium.
The NCDs are senior, secured by identified company assets, but remain unrated and unlisted.
This is the first tranche of a larger INR 400 crore fundraising program.
👀 What to Watch
Investors should track the company's project execution and cash flow generation to ensure it can comfortably service the 11% interest obligation. While the fundraise is positive for liquidity, the unrated nature of the debt indicates a specific risk profile that warrants monitoring.
ABDL Q3FY26 PAT Rises 11% to ₹64 Cr; Prestige & Above Volumes Surge 16.9%
Allied Blenders and Distillers Limited (ABDL) reported a steady Q3FY26 with revenue growing 2.8% YoY to ₹1,004 crore, underpinned by a strong premiumization trend. The Prestige & Above (P&A) segment saw a robust volume expansion of 16.9% YoY, now contributing 58.8% of total sales value compared to 52.1% a year ago. EBITDA margins improved by 135 bps to 13.6%, driven by softening input costs and strategic backward integration. The company also demonstrated strong balance sheet management by reducing net debt by ₹108 crore during the quarter to ₹785 crore.
Key Highlights
Q3FY26 Revenue from operations stood at ₹1,004 Cr (+2.8% YoY) with PAT at ₹64 Cr (+10.9% YoY).
Prestige & Above (P&A) segment volume grew 16.9% YoY, while Mass Premium volume declined 10% due to policy changes in key states.
EBITDA margins expanded to 13.6% (+135 bps YoY) supported by a 351 bps improvement in Gross Margins.
Net Debt reduced significantly to ₹785 Cr from ₹893 Cr in Sep-25, with Net Debt/EBITDA improving to 1.5x.
Launched new premium brands under the ABD Maestro venture, including Rangeela Vodka and YELLO Designer Whisky.
👀 What to Watch
Investors should focus on the company's successful transition toward a high-margin premium portfolio and its target of 17% EBITDA margins by FY28. The consistent debt reduction and growth in the 'Millionaire Brands' like ICONiQ White provide a positive outlook for long-term value creation.
