Allied Blenders and Distillers Q2 Profit Surges Over Fourfold to Rs 47.6 Crore Amid Revenue Growth

Allied Blenders and Distillers Ltd (ABDL) announced a significant increase in its consolidated net profit, reaching Rs 47.56 crore for the September quarter. This marks a more than fourfold rise compared to Rs 11.34 crore during the same period last year. The company attributed this growth to improved margins and savings on interest costs.

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Revenue and Expenses Overview

During the reviewed quarter, ABDL's revenue from operations increased by 5.23%, amounting to Rs 2,029.10 crore, compared to Rs 1,928.11 crore in the previous year. Total expenses also saw a rise of 3.7%, reaching Rs 1,925.78 crore. The company's total income, which includes other income sources, grew by 5.3% to Rs 2,031.11 crore.

The company highlighted that the strong performance in profit after tax (PAT) was driven by robust EBITDA growth and interest cost reductions. These savings were achieved through the repayment of high-cost debt using proceeds from their IPO during the quarter.

Sales Volume and Strategic Focus

ABDL reported delivering 8.3 million cases in Q2 FY25, reflecting a 14.8% growth compared to 7.3 million cases in Q1 FY25 and aligning with the same volume in Q2 FY24. Managing Director Alok Gupta expressed satisfaction with the company's performance in its first quarter post-listing.

Gupta stated: "We are pleased to report robust performance in the 1st quarter post listing marked by significant growth in profitability and a strengthened balance sheet, bolstered by IPO proceeds." He emphasised their focus on premiumisation, enhancing state brand mix, and implementing cost-saving measures as key factors contributing to their success.

ABDL aims to continue delighting customers with innovative offerings through strategic initiatives and a commitment to excellence and innovation.

On Tuesday, ABDL's shares closed at Rs 329.85 on BSE, marking an increase of 3.21%.