Allied Blenders and Distillers Sees Financial Growth Post-IPO

Allied Blenders and Distillers Limited, India's 3rd largest spirits company, reported a 7.8% increase in total income for FY24, reaching Rs. 7,675 crore. Following a successful IPO, EBITDA grew by 26.7%, and the firm launched new products. The company successfully repaid Rs. 720 crore of debt with IPO proceeds.

Allied Blenders and Distillers Limited, the third-largest spirits company in India by annual sales volumes between FY14 and FY24, announced a 7.8% increase in total income for the fiscal year ended March 31, 2024. The company reported total income of Rs. 7,675 crore for FY24, up from Rs. 7,117 crore in FY23.

The company, now listed on the BSE and NSE following a successful IPO, saw its EBITDA grow by 26.7% to Rs. 248 crore in FY24, indicating an improved EBITDA margin of 7.5% as compared to 6.2% in FY23. Profit after tax also rose by 14.3% to Rs. 1.8 crore from Rs. 1.6 crore in FY23.

Managing Director Alok Gupta highlighted the year's achievements, including entry into the premium market, cost-saving initiatives, and digital transformation. The company's IPO proceeds of Rs. 720 crore were used to repay all bank debt. New product launches like Zoya Gin and significant milestones for brands such as ICONiQ White Whisky underscore the company's growth trajectory.

(With inputs from agencies.)