Allied Blenders Q4 FY26: PAT down 48%, dividend Rs 5.4

Key takeaway from the quarter

Allied Blenders and Distillers (ABD) reported a sharp decline in consolidated profitability for the January to March quarter of FY26, even as operating performance improved and revenue rose. Consolidated net profit for Q4 FY26 fell 47.90% year-on-year (YoY) to ₹40.97 crore, compared with ₹78.64 crore in the same quarter last year.

The company, which manufactures and sells alcoholic beverages, also announced shareholder-facing actions alongside the results. Its board recommended a final dividend for FY26 and approved a fundraising proposal, both subject to the required approvals.

Q4 FY26 profit falls despite revenue growth

For Q4 FY26 ended 31 March 2026, ABD reported revenue from operations (excluding excise duty) of ₹1,006.89 crore, up 9.36% YoY. The topline growth did not translate into bottom-line expansion, as consolidated net profit declined to ₹40.97 crore.

The company also disclosed profit before exceptional items and tax of ₹102.22 crore for the quarter, compared with ₹105.93 crore in Q4 FY25. That indicates a modest dip at the pre-exceptional level, before the impact of exceptional items.

EBITDA rises and margin expands

Operating performance showed improvement in Q4 FY26. EBITDA increased 21.2% to ₹182 crore, compared with ₹150 crore in the year-ago period. EBITDA margin improved to 17.9% from 16.1% YoY.

Separately, the report also noted that on the operating level, the company’s earnings before interest, taxes, depreciation, and amortization rose 24% to ₹169 crore compared with ₹136 crore in the same period last year.

Exceptional loss linked to New Labour Code

ABD reported an exceptional loss of ₹0.34 crore in Q4 FY26 due to the New Labour Code. The company’s profit before exceptional items and tax was ₹102.22 crore, and the exceptional item was disclosed as an additional charge in the quarter.

The disclosure is important for readers tracking the difference between underlying quarterly performance and reported profit, since exceptional items can change the comparability of results across periods.

Full-year FY26 shows higher profit and revenue

While Q4 profitability declined, ABD’s full-year performance strengthened. For FY26, the company posted a 17.17% rise in consolidated net profit to ₹228.32 crore. Revenue from operations grew 11.44% to ₹3,922.78 crore.

The contrast between a weaker March quarter profit and stronger full-year growth suggests that quarterly swings can mask a broader year-long improvement in earnings and revenue.

Management highlights: premiumisation and cost control

Alok Gupta, Managing Director of ABD, said FY26 was a “defining year” marked by record annual profits and a second consecutive year of consistent quarterly performance post-listing. He attributed this to accelerated growth in the company’s P&A portfolio, a build-up of its luxury portfolio, and disciplined cost management.

Gupta also highlighted a brand milestone, stating ICONiQ White crossed the 10-million-case mark. He added that strategic investments in manufacturing would aim to improve supply chain efficiencies and support margin accretion.

Dividend announced: ₹5.40 per share, record date set

The board recommended a final dividend of ₹5.40 per equity share of face value ₹2 each (270%) for the financial year ended 31 March 2026. The dividend is subject to shareholder approval at the company’s 18th Annual General Meeting (AGM).

The company fixed Friday, 26 June 2026 as the record date for determining shareholder eligibility for the FY26 final dividend. ABD said the dividend, if approved, will be paid within prescribed timelines through electronic mode.

Fundraising plan: up to ₹1,000 crore

Along with the results, ABD’s board approved fundraising of up to ₹1,000 crore. The company said it may raise funds through equity shares, convertible securities, debentures, warrants, preference shares, or other instruments.

The fundraising can be done via public issue, private placement, or qualified institutional placement (QIP), subject to shareholder and regulatory approvals.

Stock market reaction on BSE

On the day of the update, ABD’s shares rose 0.53% to ₹554.15 on the BSE. The move indicates a mild positive reaction in the stock price despite the headline decline in quarterly net profit.

Key numbers at a glance

What investors can track next

The immediate calendar item for shareholders is the 18th AGM, where the final dividend recommendation will be put up for approval. Investors tracking the dividend should also note the record date set for 26 June 2026.

In addition, ABD’s proposed fundraising of up to ₹1,000 crore will require shareholder and regulatory clearances, and any future update on the structure and timing will matter for investors monitoring capital allocation decisions.