Allied Blenders approves ₹115 crore Aurangabad malt distillery investment

Allied Blenders and Distillers will build a 3-million-bulk-litre malt distillery and maturation warehouse in Aurangabad, Maharashtra, to support its single-malt whisky push. The project is targeted for completion by Q3 FY28.

— Source publishedFri, 11 Sept, 2026, 17:41 IST·First seen Fri, 11 Sept, 2026, 17:46 IST·Source CNBC-TV18 · Companies

What happened

Allied Blenders and Distillers · Allied Blenders approved up to ₹115 crore for a 3-million-bulk-litre malt distillery and maturation warehouse in Aurangabad,

Key facts

  • ₹115 crore
  • 3 million bulk litres per year
  • Q3 FY28
  • ₹10 crore
  • Q3 FY27
  • 70-75% revenue from premium spirits target
  • ₹978 crore quarterly revenue
  • ₹45 crore quarterly profit after tax
  • 11.8% margin
  • 18% FY27 revenue growth target
  • 17% FY28 EBITDA margin guidance
  • ₹631.85 share price

Why this matters

Building owned malt production and warehousing deepens Allied Blenders’ strategic position in Indian single malts, potentially reducing dependence on external supply and improving its appeal as a premium spirits platform.

What to watch

  • Land, environmental and excise clearances in Maharashtra.
  • Construction milestones and whether commissioning remains on track for Q3 FY28.
  • Capex revisions above the approved ₹115 crore budget.
  • Malted-barley, cask and glass-price inflation.
  • Launch timing, pricing and early sales of Allied Blenders' single-malt brands.
  • Premium-and-luxury whisky growth rates in India and competitor capacity additions.
  • Changes in state excise duties, interstate distribution rules or import tariffs affecting whisky pricing.
  • Secure long-term malted-barley, peat, cask and bottling-material supply contracts.
  • Build maturation inventory well ahead of commercial single-malt launch volumes.
  • Expand premium on-trade, travel-retail and metro-market distribution for the single-malt portfolio.
  • Pursue state registration and route-to-market expansion in high-value whisky states.
  • Consider brand partnerships, limited releases and distillery-led storytelling to establish premium credentials.
  • Evaluate additional debt, internal-accrual allocation or working-capital planning for aging inventory.