Allied Blenders Q3 FY26: PAT up 33.9% to ₹78.17 cr YoY

Snapshot: what the company reported

Allied Blenders & Distillers (ABD) disclosed a set of quarterly and annual financial updates across FY25 and FY26, alongside board and investor communication milestones. The company concluded its Q3 FY26 earnings conference call on January 30, 2026, after a board meeting scheduled on January 29, 2026 to consider and approve unaudited results for the quarter and nine months ended December 31, 2025.

For the full year FY2025-2026, the company’s revenue was stated at ₹3,540.75 crore and profit at ₹194.85 crore. As of March 2026, ABD’s market capitalisation was ₹15,709.92 crore. Shareholding as of March 2026 showed promoter holding at 80.9%, FIIs at 3.2%, DIIs at 4.8%, and public shareholding at 11%.

Q3 FY26: profit growth despite lower revenue

ABD reported a 33.9% year-on-year rise in Q3 FY26 standalone profit after tax (PAT) to ₹78.17 crore (from ₹58.37 crore in Q3 FY25). This PAT growth was highlighted alongside a decline in revenue for the quarter, based on the company’s earnings-call note.

On a standalone basis, revenue from operations in Q3 FY26 was ₹1,906.28 crore, compared with ₹2,342.19 crore in Q3 FY25. EBITDA (as presented in the results table) was ₹149.65 crore in Q3 FY26 versus ₹120.57 crore in Q3 FY25.

On a consolidated basis, Q3 FY26 revenue from operations was ₹1,933.61 crore and consolidated PAT was ₹63.74 crore.

Nine-month performance through December 2025

For 9M FY26 ended December 31, 2025, standalone revenue from operations was ₹5,622.36 crore, compared with ₹6,138.24 crore in 9M FY25. Standalone PAT for 9M FY26 stood at ₹210.88 crore versus ₹119.00 crore a year earlier.

Consolidated revenue from operations for 9M FY26 was ₹5,662.58 crore (vs ₹6,138.43 crore in 9M FY25), while consolidated PAT was ₹182.49 crore (vs ₹116.22 crore).

Q2 FY26: higher operating income and margin expansion

ABD’s Q2 FY26 updates highlighted operating growth and profitability improvement. Income from operations was reported at ₹995.00 crore, up 14.4% year-on-year. EBITDA was ₹130.00 crore, up 23.6% year-on-year, with EBITDA margin at 13.1%. PAT was reported at ₹63.00 crore, up 32.3% year-on-year.

The company also disclosed that its premium portfolio performed well, with volumes in the Prestige & Above segment rising 8.4% year-on-year in Q2 FY26. ABD stated an aim to raise its presence in the Prestige & Above segment to 50% by FY28, expand distribution in South and East India, and expand internationally to 35 countries by Q4 FY26.

Key numbers table: quarterly and period metrics

Corporate actions and capital allocation updates

ABD disclosed multiple corporate actions and project-related decisions.

• The company approved an additional investment of ₹62 crore in its subsidiary MAILLP, including ₹54 crore for a bottling facility expansion (structured as 25% capital contribution and 75% corporate guarantee) and ₹8 crore for land procurement.
• The company completed the acquisition of 100% of UTO Asia Pte. Ltd. (Singapore) on June 10, 2025 for EUR 1,225,000.
• Post-period, on January 16, 2026, ABD approved the acquisition of non-operational distillery assets in Uttar Pradesh for up to ₹70.00 crore.
• A scheme was approved on November 4, 2025 for amalgamation of Deccan Star Distilleries India Pvt Ltd and Sarthak Blenders & Bottlers Pvt Ltd into Allied Blenders and Distillers Ltd, subject to approvals.

Disputes and litigation: what ABD disclosed

The company outlined two material matters.

First, a customer dispute (CSD) claim of ₹42.11 crore was raised on December 11, 2023 for differential trade terms for 2012 to 2017. ABD stated it contests the claim and considers a net receivable of ₹33.99 crore as good and recoverable. Arbitration proceedings are ongoing, with the next hearing scheduled for June 10, 2026.

Second, ABD disclosed income-tax litigation following a search operation in December 2023. Demands of ₹352.31 crore plus interest of ₹249.14 crore were raised for assessment years 2014-15 to 2024-25. Appeals were filed and 90% of the demand was stayed by CIT(A). ABD also disclosed that the promoter chairman assured personal funding of any ultimate liability, and management expects no material adjustments.

One-off item linked to Labour Codes

New Labour Codes were notified in November 2025. ABD disclosed that an actuarial valuation resulted in a net expense of ₹3.19 crore, recognised as an exceptional item for past service cost related to gratuity and leave encashment.

Stock-market references and ownership

The article notes that ABD’s shares closed slightly lower at ₹640.00 on the NSE on a day referenced in the context. As of March 2026, promoters held 80.9%, with FIIs at 3.2%, DIIs at 4.8%, and public at 11%. The company’s market capitalisation as of March 2026 was ₹15,709.92 crore.

Timeline of key disclosed events

Why this set of updates matters

ABD’s disclosures combine near-term quarterly results, medium-term investment activity, and ongoing legal proceedings that can influence how investors assess earnings quality and cash-flow visibility. The financial tables show profit growth in Q3 FY26 on both standalone and consolidated bases, along with a disclosed exceptional item linked to Labour Codes.

Separately, the company’s investment approvals, acquisition activity, and proposed amalgamation indicate continued corporate restructuring and capacity expansion moves. The litigation disclosures provide clarity on the scale of contested amounts and the current status of stays and arbitration timelines.

Conclusion

ABD’s Q3 FY26 update was anchored by higher year-on-year profit and a completed earnings-call process, while the company also outlined investments, acquisitions, amalgamation steps, and ongoing dispute and tax matters. The next key procedural milestone disclosed is the June 10, 2026 arbitration hearing in the customer dispute case, alongside any future regulatory approvals required for the proposed amalgamation.