Allied Blenders and Distillers (ABDL) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 income from operations rose 15.8% YoY to ₹1,152 crore as quarterly volume reached a record 10.0 million cases.

• H1 FY27 income from operations increased 10.9% YoY to ₹2,135 crore; results excluding supply-chain disruption showed stronger EBITDA and PAT growth.

Financial highlights

• Q2 reported gross margin was 45.3%, up 90 bps YoY; EBITDA was ₹143 crore (+10.0%) with a 12.4% margin, and PAT was ₹69 crore (+9.7%).

• Excluding ₹29 crore of Q2 supply-chain disruption impact, LTL EBITDA was ₹172 crore (+32.3%), margin 14.9% (+186 bps), and PAT ₹91 crore (+44.3%).

• H1 reported EBITDA increased 5.8% to ₹263 crore; PAT was ₹114 crore versus ₹119 crore a year earlier.

• Excluding ₹53 crore of H1 supply-chain disruption impact, LTL EBITDA was ₹316 crore (+27.1%) and PAT ₹154 crore (+29.8%).

• Consolidated revenue was ₹208,545.91 lakh in Q2 and ₹389,461.17 lakh in H1; consolidated PAT was ₹6,901.98 lakh and ₹11,444.03 lakh, respectively.

Statutory results

• Consolidated Q2 revenue was ₹208,545.91 lakh versus ₹195,259.44 lakh YoY; PAT was ₹6,901.98 lakh versus ₹6,291.71 lakh, and EPS ₹2.56 versus ₹2.23.

• Consolidated H1 revenue was ₹389,461.17 lakh versus ₹372,896.15 lakh; PAT was ₹11,444.03 lakh versus ₹11,875.13 lakh, and EPS ₹4.32 versus ₹4.25.

• Standalone Q2 revenue was ₹206,021.28 lakh and PAT ₹8,463.34 lakh; H1 revenue was ₹385,517.68 lakh and PAT ₹15,282.31 lakh. Unaudited results received an unmodified limited-review conclusion.