Allied Blenders and Distillers Limited
Delivers Double Digit EBITDA Margin
of 10.0% and Profit After Tax of ₹ 11 crore in Q1FY25
Mumbai, 13th
August 2024: Allied Blenders and Distillers Limited
(ABDL), the 3rd largest spirits company
in India, has announced its financial results for the 1st Quarter of
the fiscal year 2025 (Q1FY25).
A Snapshot of Consolidated Financial Results:
(₹ in crore)
|
Particulars |
1QFY25 |
4QFY24 |
1QFY24 |
q-o-q |
y-o-y |
|
Total
Income |
1,769 |
1,760 |
1,909 |
0.5% |
(7.3%) |
|
Income from Operations |
759 |
770 |
815 |
(1.4%) |
(6.8%) |
|
EBITDA |
76 |
62 |
53 |
22.0% |
44.0% |
|
EBITDA % |
10.0% |
8.1% |
6.5% |
191 bps |
352 bps |
|
PAT |
11 |
(2) |
(3) |
na |
na |
·
Total Income at ₹ 1,769 crore
o Higher by 0.5% vs ₹ 1,760 crore in Q4FY24 and lower by 7.3% vs ₹ 1,909 crore in Q1FY24
·
Income from Operations at ₹ 759 crore
o
Lower by 1.4% vs ₹ 770 crore in Q4FY24
and lower by 6.8% vs ₹ 815 crore in Q1FY24
·
EBITDA at ₹ 76 crore
o
Higher by 22.0%
vs ₹ 62 crore in Q4FY24 and higher by 44.0% vs ₹ 53 crore in Q1FY24
Commenting on the results, Alok
Gupta, Managing Director of Allied Blenders and Distillers Limited, stated,
" We delivered strong growth in profitability this quarter, driven by a strategic brand mix and cost-saving initiatives, despite
facing short-term demand servicing challenge. With the successful IPO in July 2024 behind us, we are more confident in
our ability to deliver sustained growth and enhance shareholder value creation. We remain dedicated
to advancing excellence and achieving new accomplishments”.
Performance Review:
Income from Operations at ₹ 759 crore in Q1FY25 was lower by 1.4% vs
₹ 770 crore in Q4FY24 and lower by 6.8% vs ₹ 815 crore in Q1FY24.
Despite strong demand for our products, persistent delayed receivables
from a key market since H2FY24 which has impacted the industry as well,
continued to affect our overall servicing needs and short-term volume
growth in Q1FY25.
Note: Income from Operations is Total Income
less Excise Duty. EBITDA margin
is calculated as EBITDA divided
by Income from Operations
Overall, we delivered 7.3 mn cases in Q1FY25, a growth of 2.7% vs 7.1 mn cases in Q4FY24 and lower by 11.8% vs 8.2 mn cases in Q1FY24.
However, the momentum of premiumization continued as Prestige & Above volume salience increased to 36.9% in
Q1FY25 as compared to 33.5% in Q1FY24 and value salience increased to 46.1% in Q1FY25 as compared to 43.2% in Q1FY24.
Following our successful IPO in July, 2024 and the subsequent
strengthening of our balance sheet, our ability
to meet demand and cater to customer
servicing needs has significantly improved.
EBITDA at ₹ 76 crore grew by 22.0% as compared to ₹ 62 crore in
Q4FY24 and grew by 44.0% as compared
to ₹ 53 crore in Q1FY24. The strong performance in EBITDA was driven by strong
focus on state brand mix and
cost optimization initiatives
Business Highlights:
Zoya: Premium to Luxury gin launched in Maharashtra
Post the successful launch in Haryana,
ABDL expands Zoya into Maharashtra and is now available in key
markets of Mumbai, Thane, Pune, Nashik and Nagpur. This move is designed to
cater to the increasing demand for
premium gin in the key urban markets of Maharashtra; especially Pune and the megapolis of Mumbai
ICONiQ White: Continued expansion
across India
The world’s fastest-growing spirits brand of 2023, ICONiQ White, has
been launched in three new states and
union territories (UT) of Madhya Pradesh, Meghalaya and Chandigarh expanding
its presence to a total of 17 states and union territories. To be available
pan-India by Q3FY25
The Millionaires’ Club: Global Rankings 2024
As per The Millionaire’s Club Global Rankings
2024, our millionaire brands are amongst
the leading brands
globally
·
ICONiQ White is the fastest growing
spirits brand and whisky brand in the world
·
Officer’s Choice is the 6th largest spirits brand in the world and 3rd largest whisky brand in the world
·
Sterling Reserve is the 36th largest
spirits brand in the world and 14th largest whisky brand in
the world
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