Allied Blenders pivots to premium: P&A hits 58% of sales, targets 300bps margin expansion by FY28
Officer's Choice maker Allied Blenders is reshaping its portfolio toward premium and luxury spirits, with Prestige & Above now 47% of volumes and 58% of sales value. EBITDA margin expanded to 14.4% from 12.7%, though net profit fell 48% to ₹409.7M amid Middle East war-linked export headwinds. Exports still grew 14.1% to ₹2.35B.
What happened
Allied Blenders and Distillers · Allied Blenders is pivoting to premium and luxury spirits, with its P&A portfolio now 58% of sales value. Margins expanded to
Key facts
- P&A 47% volumes, 58% sales value
- EBITDA margin 14.4% vs 12.7%
- 300 bps margin expansion by FY28
- net profit down 48% to ₹409.7M
- export revenue ₹2.35B, +14.1%
Why this matters
Allied Blenders' premium pivot creates M&A optionality in craft and luxury spirits adjacencies, while the export weakness could surface attractive bolt-on targets in Middle East distribution networks.