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.
Allied Blenders is pivoting to premium and luxury spirits, with its P&A portfolio now 58% of sales value. Margins expanded to 14.4% in FY26; targets 300bps expansion by FY28 despite Middle East war-linked export disruptions.
Why this matters
Builds on Allied Blenders' record FY26 profit narrative, where Q4 PAT had slumped on a one-time tax hit even as EBITDA jumped 24%. Margin story now anchored to premiumisation strategy.
Retail-brand signals steady at 267 over 90 days, with premiumisation a recurring lever across categories.