Systematix sees re-rating in Allied Blenders, Rs 722 target on premiumisation push

Systematix maintains Buy on Allied Blenders and Distillers with Rs 722 target, citing premiumisation through ABD Maestro and a Scotch customs duty cut. Brokerage models 13.2% revenue and 23.7% Ebitda CAGR over FY26-28, with margins expanding from 13.8% to 16.5% and PAT compounding at 38.8%.

— Source publishedTue, 16 Jun, 2026, 10:53 IST·First seen Tue, 16 Jun, 2026, 10:55 IST·Source NDTV Profit

What happened

Allied Blenders and Distillers · Systematix maintains Buy on Allied Blenders with Rs 722 target, citing premiumisation via ABD Maestro, Scotch customs duty cut

Key facts

  • Target Rs 722
  • Revenue CAGR 13.2% FY26-28
  • Volume CAGR 9.8%
  • P&A CAGR 18.6%
  • Ebitda CAGR 23.7%
  • Margin 13.8% to 16.5%
  • PAT CAGR 38.8%

Why this matters

Premiumisation momentum and Scotch duty relief make selective bolt-ons in prestige Indian whisky or imported Scotch labels accretive to ABD's mix-shift thesis and margin trajectory.