Allied Blenders and Distillers Limited – Q2 FY26 Results Summary
Announcement Date: 4 November 2025

Financial Highlights (Standalone):

  • Revenue: ₹1,94,414 lakhs in Q2 FY26, down 4.2% YoY (Q2 FY25: ₹2,02,910 lakhs), up 9.7% QoQ (Q1 FY26: ₹1,77,194 lakhs). H1 FY26 revenue at ₹3,71,608 lakhs vs ₹3,79,605 lakhs in H1 FY25.
  • EBITDA: ₹13,770 lakhs in Q2 FY26, up 30% YoY and 12.8% QoQ; EBITDA margin improved accordingly.
  • Net Profit: ₹7,180 lakhs in Q2 FY26, up 48% YoY and 18% QoQ; H1 FY26 PAT ₹13,271 lakhs vs ₹6,063 lakhs in H1 FY25.
  • EPS (Basic & Diluted): ₹2.56 in Q2 FY26 vs ₹1.73 in Q2 FY25; H1 FY26 EPS ₹4.74 vs ₹2.31 in H1 FY25.

Balance Sheet (as of 30 Sept 2025, Standalone):

  • Total Assets: ₹3,85,246 lakhs (up from ₹3,54,034 lakhs as of 31 Mar 2025).
  • Borrowings: ₹1,04,578 lakhs, increased from ₹89,381 lakhs.
  • Cash & Cash Equivalents: ₹11,281 lakhs (up from ₹8,687 lakhs).
  • Inventories and Trade Receivables increased moderately.

Corporate Developments:

  • Completed acquisition of UTO Asia Pte. Ltd. (Singapore) on 10 June 2025 for approx. ₹10.5 crores.
  • Amalgamation scheme approved on 4 Nov 2025 for merging two subsidiaries into Allied Blenders and Distillers Ltd, pending regulatory approvals.
  • Significant capex increase in H1 FY26: ₹9,559 lakhs standalone vs ₹3,465 lakhs in H1 FY25, indicating expansion/modernization.

Management Commentary & Risks:

  • Ongoing customer dispute with Canteen Stores Department over ₹3,399 lakhs; arbitration in progress, management expects favorable outcome.
  • Income tax litigation involving demands of ₹35,231 lakhs tax plus ₹24,914 lakhs interest for AY 2014-15 to 2024-25; 90% demand stayed; promoter chairman has assured funding any ultimate liability; management and legal opinion consider demand unlikely to sustain.
  • IPO proceeds fully utilized by March 2025.

Segment Performance:

  • Single operating segment: Alcohol and Alcoholic Beverages.

Outlook:

  • No explicit forward guidance provided in the announcement.

Auditor’s Report:

  • Independent auditor’s review by Walker Chandiok & Co LLP issued an unqualified report with emphasis on the above customer dispute and tax litigation; no modifications to opinion.

This summary captures the key financials, corporate actions, risks, and management commentary relevant for investment analysis.

Full Result Extract | Original Filing