Allied Blenders and Distillers posts US$6.6M Q3 profit
INDIA – Allied Blenders and Distillers (ABD) has reported a net profit of Rs 57.46 crore (US$6.6M) in the third quarter of FY 2024-25, marking a significant turnaround from the Rs 4.42 crore (US$510K) loss recorded in the same period last year.
Earnings before interest, tax, depreciation, and amortization (EBITDA) stood at Rs 120 crore (US$13.85M), reflecting a 14 percent increase from Rs 105 crore (US$12.1M) in Q2 FY25 and a 94.7 percent jump from Rs 62 crore (US$7.2M) in Q3 FY24.
The strong EBITDA growth was attributed to a strategic focus on a profitable state brand mix and cost optimization measures.
The company’s revenue from operations increased by 12.9 percent, reaching Rs 2,342.38 crore (US$270.38M), compared to Rs 2,074.95 crore (US$239.5M) in the previous fiscal year. Sales grew 8.84% to Rs 973.94 crore (US$112.4M) in Q3 FY25, up from Rs 894.83 crore (US$103.29M) in the same quarter last year.
Despite total expenses rising by 10.4 percent to Rs 2,225.59 crore (US$256.9M), the company successfully boosted its total income by 13 percent, reaching Rs 2,345.63 crore (US$270.76M).
In terms of volume, ABD delivered 8.9 million cases in Q3 FY25, reflecting a 7.1 percent increase from 8.3 million cases in Q2 FY25 and an 11.3 percent rise from 8 million cases in Q3 FY24.
Commenting on the results, Alok Gupta, Managing Director of ABD, stated, “We are delighted to report the second consecutive quarter of strong performance post-IPO. The performance was driven by strong volume growth in the prestige and above category, continuous sharp focus on high-yielding markets, and managing input costs effectively.”
He added, “Our strategic initiatives for luxury portfolio expansion, supply chain security, and margin expansion are on track. This overall performance validates both our adopted strategy and its execution.
On this foundation, we remain optimistic and committed to enhancing our offerings and meeting the evolving needs of our consumers with innovative and distinctive products in the coming quarters.”
In June 2024, ABD filed for an initial public offering (IPO) to raise up to Rs 15 billion (US$180 million).
The company stated that proceeds from the offering would be used to reduce outstanding borrowings, while existing shareholders would sell shares worth up to Rs 5 billion as part of the IPO.
As of March 2023, ABD’s total liabilities had increased by approximately 13 percent year-over-year.
Sign up HERE to receive our email newsletters with the latest news and insights from Africa and around the world, and follow us on our WhatsApp channel for updates.
