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.

• 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.

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.

• 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

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.

• 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

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.

• 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.

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.

• 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.

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.

• 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.

Allied Blenders and Distillers Limited (ABDL) has approved an additional capital contribution of ₹62 Crores for its subsidiary, Minakshi Agro Industries LLP (MAILLP), to fund a new bottling facility and land procurement. Furthermore, the company has modified a previously approved ₹240 Crore Capex plan, opting to provide a ₹225 Crore corporate guarantee for debt instead of direct capital funding. This strategic move aims to enhance manufacturing capacity to meet growing demand in Maharashtra and international markets. The expansion project is slated for completion by October 31, 2026.

• Approved ₹54 Crores for a state-of-the-art bottling facility, structured as 25% capital and 75% guarantee.
• Allocated ₹8 Crores for additional land procurement required for the project.
• Restructured ₹240 Crores Capex to provide ₹225 Crores via Corporate Guarantee, optimizing parent company cash flow.
• Targeting completion of the expansion by October 2026 to support Western region and export demand.
• Subsidiary MAILLP reported a turnover of ₹15.90 Crores for the financial year ended March 31, 2025.

Allied Blenders and Distillers Limited (ABDL) has announced a strategic realignment of its financial leadership effective February 2, 2026. Current CFO Jayant Manmadkar will transition to the newly created role of Group Finance Director to focus on M&A, digital transformation, and capital investments. Former CFO Ramakrishnan Ramaswamy, who successfully led the company's July 2024 IPO and has over 14 years of experience with the firm, returns to the CFO position. This move is designed to support the company's entry into the luxury segment via its new division, ABD Maestro Pvt Ltd, and oversee its backward integration program.

• Jayant Manmadkar transitions from CFO to Group Finance Director effective February 2, 2026
• Ramakrishnan Ramaswamy returns as CFO after previously serving the company for 14 years (2010-2024)
• The realignment supports the launch of a new luxury division, ABD Maestro Pvt Ltd, and capacity expansion
• The new structure bifurcates core financial stewardship from long-term strategic growth and M&A initiatives
• The transition follows significant milestones including the July 2024 IPO and ongoing premiumisation

Allied Blenders and Distillers (ABDL) has announced a strategic realignment of its financial leadership effective February 2, 2026. Former CFO Ramakrishnan Ramaswamy, who successfully led the company through its July 2024 IPO, returns to the CFO role to oversee core financial stewardship and treasury. The current CFO, Jayant Manmadkar, will transition to the newly created role of Group Finance Director to focus on M&A, digital transformation, and capital investments. This dual-leadership structure is designed to support ABDL's expansion into the luxury segment and its backward integration program across its 38-unit manufacturing network.

• Mr. Ramakrishnan Ramaswamy returns as CFO effective February 2, 2026, after previously serving the firm for 14 years.
• Mr. Jayant Manmadkar transitions to the new role of Group Finance Director to lead M&A and strategic capital investments.
• The realignment aims to bolster the company's entry into the luxury segment via its new division, ABD Maestro Pvt Ltd.
• ABDL maintains a large-scale operation with 38 manufacturing units, including 9 owned bottling units and 2 distilleries.
• The move follows significant milestones including the July 2024 IPO and ongoing premiumisation and backward integration programs.

Allied Blenders and Distillers Limited (ABDL) has announced a strategic realignment of its financial leadership effective February 2, 2026. Current CFO Jayant Manmadkar will transition to a newly created role of Group Finance Director to focus on M&A, digital transformation, and capital investments. Former CFO Ramakrishnan Ramaswamy, who led the company through its July 2024 IPO and has 14 years of experience with the firm, returns to the CFO position. This restructuring is designed to support ABDL's entry into the luxury segment and oversee its extensive manufacturing network of 38 units.

• Ramakrishnan Ramaswamy returns as CFO after previously serving the company from 2010 to 2024 and leading the July 2024 IPO.
• Jayant Manmadkar transitions to Group Finance Director to lead inorganic growth and strategic capital investments.
• The realignment supports the launch of 'ABD Maestro Pvt Ltd', a new division focused on the luxury spirits segment.
• ABDL operates a large-scale manufacturing network of 38 units, including 9 owned bottling units and 2 owned distilleries.
• The leadership changes are effective from February 2, 2026, following the board's approval on January 29, 2026.

Allied Blenders and Distillers Limited (ABDL) has announced a strategic realignment of its financial leadership effective February 2, 2026. Former CFO Ramakrishnan Ramaswamy, who successfully led the company's July 2024 IPO, returns to the CFO position to oversee core financial stewardship. The outgoing CFO, Jayant Manmadkar, will transition into a newly created role of Group Finance Director to focus on M&A, digital transformation, and the company's entry into the luxury segment via ABD Maestro Pvt Ltd. This move aims to support ABDL's expansion of its 38-unit manufacturing network and backward integration programs.

• Ramakrishnan Ramaswamy returns as CFO effective Feb 2, 2026, bringing 14 years of institutional experience and IPO leadership.
• Jayant Manmadkar transitions to the new role of Group Finance Director to lead M&A and strategic capital investments.
• The realignment is specifically designed to support the new luxury division, ABD Maestro Pvt Ltd, and backward integration projects.
• ABDL currently operates a large-scale network of 38 manufacturing units, including 9 owned bottling plants and 2 distilleries.

Allied Blenders and Distillers Limited (ABDL) has announced a strategic realignment of its financial leadership effective February 2, 2026. Current CFO Jayant Manmadkar will transition to a newly created role of Group Finance Director to focus on M&A, capital investments, and digital transformation. Former CFO Ramakrishnan Ramaswamy, who has over 14 years of experience with the company and successfully led its July 2024 IPO, will return to the CFO position. This move is designed to support the company's entry into the luxury segment via its new division, ABD Maestro Pvt Ltd, and oversee its backward integration program.

• Jayant Manmadkar transitions from CFO to the newly created role of Group Finance Director effective Feb 2, 2026.
• Ramakrishnan Ramaswamy returns as CFO, bringing over 30 years of experience and deep institutional knowledge from 2010-2024.
• The realignment aims to support the company's expansion into the luxury segment and its value-accretive backward integration program.
• New leadership structure bifurcates core financial stewardship from long-term strategic investments and M&A.
• Ramaswamy previously led the company through its successful IPO in July 2024.

Allied Blenders and Distillers Limited (ABDL) has announced a strategic realignment of its financial leadership effective February 2, 2026. Mr. Jayant Manmadkar will transition from CFO to the newly created role of Group Finance Director to focus on M&A, digital transformation, and capital investments. Mr. Ramakrishnan Ramaswamy, who previously served the company for 14 years and led its July 2024 IPO, will return as the Chief Financial Officer. This move is designed to support the company's entry into the luxury segment via its new division, ABD Maestro Pvt Ltd, and oversee its backward integration program.

• Mr. Ramakrishnan Ramaswamy returns as CFO effective February 2, 2026, bringing over 30 years of experience and 14 years of history with the company.
• Current CFO Jayant Manmadkar transitions to the new role of Group Finance Director to lead M&A, digital transformation, and strategic initiatives.
• The leadership change is aimed at supporting the launch of the luxury division, ABD Maestro Pvt Ltd, and a value-accretive capacity expansion program.
• ABDL operates a large manufacturing network of 38 units, including 9 owned bottling units and 2 owned distilleries.