Allied Blenders and Distillers
Allied Blenders and Distillers is expanding into premium spirits, with Prestige & Above at 47% of FY26 sales (Financial Express, 30 Sept) and a 4.4 million bulk litre malt licence at Rangapur, Telangana (CNBC-TV18, 16 Sept). Investors face a possible change of control alongside heavy backward-integration capex.
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Background
From 9 stories, the newest dated 30 Sept 2026. Summary written 3 Oct 2026.
Allied Blenders and Distillers (ABD) is an Indian spirits maker behind the Officer's Choice whisky brand. [1] source: NDTV Profit
Show 3 more paragraphs and 9 sources
It listed in Mumbai in July 2024 and has a market capitalization of 200 billion rupees ($2.1 billion). [1] source: NDTV Profit Its brands include ABD Maestro, ICONiQ White, Officer's Choice and The Indian Edit. [2] source: Financial Express It has a presence in 39 international markets. [3] source: ET Retail Its Prestige & Above portfolio contributed 47% of sales in FY26, up from 37% in FY24. [4] source: Financial Express
In September 2026 Allied Blenders received a Telangana licence to manufacture 4.4 million bulk litres of potable malt spirits annually at Rangapur. [5] source: CNBC-TV18 It approved up to ₹115 crore for a 3-million-bulk-litre malt distillery and maturation warehouse in Aurangabad, and up to ₹10 crore for cost overruns at ongoing projects. [6] source: CNBC-TV18 The distillery is targeted for Q3 FY28. [3] source: ET Retail Co-promoter Bina Kishore Chhabria sold 55,00,000 shares, 1.97% of total equity, at ₹650.17 per share, after the promoter group held 80.91%. [7] source: The Hindu BusinessLine Abu Dhabi Investment Authority bought 15,03,426 shares (0.54%) at ₹650. [7] source: The Hindu BusinessLine Suntory Holdings is discussing acquisition of a 10-15% stake. [8] source: ET Small Business
Nomura initiated coverage with a Buy rating and a Rs 850 target price. [4] source: Financial Express Jefferies retained a Buy with a target price of Rs 780. [9] source: Financial Express
Sources
Questions about Allied Blenders and Distillers
How fast is Allied Blenders and Distillers growing in India?
Allied Blenders and Distillers reported that its Prestige & Above portfolio contributed 47% of sales in FY26, up from 37% in FY24. [4] source: Financial Express
What is Allied Blenders and Distillers' current strategy in India?
In September 2026 Allied Blenders and Distillers received a Telangana licence for 4.4 million bulk litres of malt spirits capacity at Rangapur,[5] source: CNBC-TV18 approved up to ₹115 crore for an Aurangabad malt distillery,[6] source: CNBC-TV18 and was cited by Jefferies as making Rs 1,500 crore of backward-integration investments.[9] source: Financial Express
More stories about Allied Blenders and Distillers
- Allied Blenders enters Malaysia with first overseas bottling partnership
- ABDL targets mid-teen FY27 growth and ₹600 crore-plus EBITDA
Stories that mention Allied Blenders and Distillers
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