Allied Blenders & Distillers Ltd

(ABDL)

Antique Initiates Buy Rating for Allied Blenders - 14 Nov, 2024

Antique initiated coverage on Allied Blenders with a buy rating and a target price of ₹405, suggesting a potential upside of 30.6%. The brokerage expects significant growth driven by premiumisation strategies and improved operational efficiencies, projecting revenue and EBITDA CAGRs of 9% and 29%, respectively, from FY24-27.

ABDL Expands Luxury Portfolio with New Whisky Launch - 05 Nov, 2024

Allied Blenders and Distillers Limited (ABDL) launched ARTHAUS Blended Malt Scotch Whisky in Mumbai, aiming for expansion into 10 key markets by December. Priced at ₹4,800 for a 750 ml bottle, this premium product is part of ABDL's strategy to enhance its luxury offerings. The company plans to introduce more brands and is exploring duty-free and export opportunities. ABDL's shares rose by 2.91% to ₹330.85.

Allied Blenders Reports Strong Q2 FY25 Results - 30 Oct, 2024

Allied Blenders & Distillers Ltd announced a significant increase in Q2 FY25 net profit by 318.87% to Rs 47.5 crore, alongside a 1.97% rise in revenue to Rs 867.67 crore. EBITDA also surged by 45.07%, reflecting strong operational performance.

Allied Blenders Reports Strong Q2 Financial Results - 29 Oct, 2024

Allied Blenders and Distillers posted a PAT of Rs 47.6 crore for Q2, with revenue rising 5.23% to Rs 2,029.10 crore. The company benefited from strong EBITDA growth and interest cost savings, leading to a positive market response with shares up 3.21%.

Allied Blenders Launches Vodka Amid Stock Decline - 21 Oct, 2024

Allied Blenders & Distillers announced the launch of Russian Standard Vodka in India, but the stock tumbled by 3.11% following the news.

New Chief Revenue Officer Appointed at ABDL - 18 Oct, 2024

Allied Blenders and Distillers Ltd has appointed Manoj Kumar Rai as Chief Revenue Officer. He will focus on enhancing revenue strategies and exploring new business opportunities.

Allied Blenders Appoints New Chief Revenue Officer - 17 Oct, 2024

Allied Blenders & Distillers has appointed Manoj Kumar Rai as the new Chief Revenue Officer. He will focus on enhancing revenue strategies and exploring new business opportunities across the company's diverse portfolio.