Allied Blenders and Distillers Consolidated Financial Results for FY24

Allied Blenders and Distillers, the 3rd largest spirits company in India in terms of annual sales volumes between FY14 and FY24, has announced its audited financial results for the fiscal year ended 31st March, 2024.

• Total Income up 7.8% to Rs. 7,675 crore in FY24 as against Rs. 7,117 crore in FY23
• Income from Operations up 5.6% to Rs. 3,334 crore in FY24 as against Rs. 3,158 crore in FY23
• EBITDA grew by 26.7% to Rs. 248 crore in FY24 as compared to Rs. 196 crore in FY23
• EBITDA margin improved to 7.5% in FY24 as compared to 6.2% in FY23
• Profit After Tax grew by 14.3% to Rs. 1.8 crore as compared to Rs. 1.6 Crore in FY23

Reporting the first set of annual consolidated numbers after the successful IPO this month which was subscribed 24.78 times. The company is now listed on BSE and NSE. In a run-up to go public, the company embarked upon a transformational journey and undertook multiple initiatives to improve the performance that resulted in a straight improvement in EBITDA by 26.7%.

Alok Gupta, Managing Director, Allied Blenders and Distillers said, “FY24 was a year of the bringing in the change management as we undertook multiple initiatives in terms of strong brand performance, entry into premium to luxury category, successful cost saving initiatives and strong focus on building efficiency & beginning of digital transformation. As we have achieved a milestone with the successful IPO, we are confident of stronger performance going forward and we continue our transformation with improved rigor.”