Allied Blenders and Distillers extends losing streak; shares plunge 16% in 11 sessions

Shares of Allied Blenders and Distillers, the country's leading alcohol beverages maker, fell as much as 4.92% to hit an intraday low of ₹524 on Wednesday, January 7, on the National Stock Exchange. The stock has been witnessing selling pressure since December 23 and has dropped in ten out of last eleven sessions, data from the National Stock Exchange showed.

In the 11 trading sessions, Allied Blenders and Distillers shares have dropped 16.44%. On the BSE, Allied Blenders and Distillers shares fell as much as 4.77% on Wednesday to hit an intraday low of ₹525. With today's fall Allied Blenders shares plunged to lowest level in a month.

Allied Blenders shares have surged a whopping 2.5 times from its initial public offering (IPO) price of ₹281 to hit an all-time high of ₹697 in November.

Allied Blenders last month informed exchanges that ABD Maestro, its super-premium and luxury spirits subsidiary, launched AODH IRISH Whiskey in India, making a strong entry into the one of the fastest growing segments in the country.

AODH is ‘flame’ in Irish, symbolising warmth, brotherhood, continuity, and enduring stories. Crafted using a signature triple distillation, the whiskey brings to you a bright gold hue with subtle coppery glints and exceptional clarity. On the nose, it reveals notes of vanilla cream, light honey, and toffee from ex-bourbon cask maturation, leading to a smooth and silky palate with an elegant, lasting finish, Allied Blenders said in a press release.

“India has quickly emerged as a key growth market for Irish Whiskey, with exports to the country growing by 57% and India now ranking as the world’s fifth-largest market for the category according to the Drinks Ireland ‘Spirits 2024 Annual Report’. This growth signals the trend for Indian consumers towards premium, authentic products and create an alternate global provenance other than Scotch. The addition of AODH Irish Whiskey underscores ABD Maestro’s agile thinking and future-ready portfolio strategy, reinforcing its commitment to bringing world-class, premium spirits,” Allied Blenders added.

Allied Blenders and Distillers Q2 earnings

Allied Blenders and Distillers reported a strong performance in second quarter of current financial year with net profit rising 35.2% year-on-year to ₹64.31 crore, compared with ₹47.56 crore in Q2 FY25.

Revenue from operations (excluding excise duty) grew 10.9% YoY to ₹962.53 crore during the quarter. Profit before tax increased 30.8% to ₹83.86 crore, up from ₹64.13 crore a year earlier.

EBITDA for Q2 FY26 stood at ₹130 crore, registering a robust growth of 23.6% over ₹105 crore in Q2 FY25. EBITDA margin expanded by 100 basis points to 13.1%, compared with 12.1% in the corresponding quarter last year.

The Prestige & Above (P&A) portfolio continued its strong momentum, with volumes increasing 8.4% YoY to 9.0 million cases versus 8.3 million cases in Q2 FY25. Growth was driven by sustained demand across regions and healthy traction in key brands.

Premiumisation remained a key growth driver. P&A volume salience improved to 47.1% in Q2 FY26, up from 46.2% in Q1 FY26 and 39.7% in Q2 FY25. Value salience also strengthened to 56.9%, compared with 55.8% in the previous quarter and 49.0% a year ago.

As of 12:23 pm, Allied Blenders shares traded 3.95% lower at ₹529.85, underperforming the NIFTY50 index which was down 0.4%.