ICONiQ White retains title as world's fastest-growing whisky brand

1 min read     Updated on 12 Jun 2026, 05:29 AM
scanx
Reviewed by
Shriram SScanX News Team
AI Summary

Allied Blenders and Distillers' ICONiQ White Whisky has been named the world's fastest-growing millionaire whisky brand for the third consecutive year by Drinks International's Millionaires' Club 2026 report. Officer's Choice Whisky ranked as the world's No. 3 whisky brand and No. 7 spirits brand overall, while Sterling Reserve Whisky remained in the top 25 millionaire whisky brands. ICONiQ White crossed the 1 million cases sales milestone in a single month in May 2026.

powered bylight_fuzz_icon
42767968

*this image is generated using AI for illustrative purposes only.

Allied Blenders and Distillers Limited has secured global recognition as its ICONiQ White Whisky was named the world's fastest-growing millionaire whisky brand for the third consecutive year in Drinks International's Millionaires' Club 2026 report. The brand also emerged as the second fastest-growing spirits brand across all categories worldwide, having more than doubled its volumes each calendar year since entering the Millionaires' Club in 2023. In May 2026, ICONiQ White achieved its highest-ever monthly sales, crossing the 1 million cases milestone in a single month.

The company's flagship brand, Officer's Choice Whisky, was ranked as the world's No. 7 spirits brand overall and now holds the position of the No. 3 whisky brand globally. Additionally, Sterling Reserve Whisky retained its place among the world's top 25 millionaire whisky brands. The rankings, which cover the calendar year 2025, underscore the scale and consistency of the company's portfolio across consumer segments and price points.

Brand Performance Highlights

The following table details the performance of Allied Blenders and Distillers' key brands in the Drinks International Millionaires' Club 2026 report:

Brand Ranking Category Position
ICONiQ White Whisky Fastest Growing Whiskies #1
ICONiQ White Whisky Fastest Growing Spirits (All Categories) #2
Officer's Choice Whisky Top Whiskies Worldwide #3
Officer's Choice Whisky Top Spirits Brands Overall #7
Sterling Reserve Whisky Top Millionaire Whisky Brands Top 25

Amar Sinha, Managing Director, ABD, attributed the sustained performance to strong consumer affinity and disciplined execution. He stated that the recognition reflects the company's focus on evolving consumer preferences and sustained brand investment. The Millionaires' Club report ranks spirits brands selling over one million liters cases per year.

Historical Stock Returns for Allied Blenders & Distillers

1 Day5 Days1 Month6 Months1 Year5 Years
+5.92%+12.70%+9.52%+4.83%+51.87%+102.72%

Can Allied Blenders maintain the triple-digit volume growth rate of ICONiQ White Whisky as its sales base expands?

Will the company leverage the success of ICONiQ White to expand distribution into new international markets?

How might the surge in demand for ICONiQ White impact production capacity and supply chain logistics?

Allied Blenders & Distillers
View Company Insights
View All News
like15
dislike

Allied Blenders fixes June 26 record date for ₹5.40 dividend

2 min read     Updated on 10 Jun 2026, 03:26 AM
scanx
Reviewed by
Jubin VScanX News Team
AI Summary

Allied Blenders and Distillers Limited has announced June 26, 2026, as the record date for a final dividend of ₹5.40 per share for FY26, subject to approval at the AGM on July 6, 2026. The company detailed TDS rates for residents and non-residents, emphasizing electronic payments and the necessity of submitting valid tax documents by the record date to avoid higher deductions.

powered bylight_fuzz_icon
42545323

*this image is generated using AI for illustrative purposes only.

Allied Blenders and Distillers Limited has fixed June 26, 2026, as the record date to determine shareholder eligibility for the final dividend of ₹5.40 per equity share for the financial year ended March 31, 2026. The dividend, recommended by the Board on May 14, 2026, is subject to shareholder approval at the 18th Annual General Meeting scheduled for July 6, 2026. Payouts will commence on or after July 7, 2026. Shareholders must submit relevant tax exemption documents by the record date to ensure the appropriate tax rate is applied.

The company has mandated that dividend payments will be made exclusively via electronic mode, discontinuing the use of warrants or cheques effective from November 19, 2025. Consequently, shareholders must ensure their bank account details are registered with their depositories. The applicable Tax Deduction at Source (TDS) rates vary based on the residential status of the shareholder and the validity of the Permanent Account Number (PAN) submitted to the registrar, MUFG Intime India Private Limited.

Applicable TDS Rates for Resident Shareholders

Condition TDS Rate
Dividend up to ₹10,000 Nil
Valid Form 121 submitted Nil
PAN registered / available 10%
PAN not provided / not linked to Aadhaar 20%

Resident non-individuals, such as insurance companies and mutual funds, are exempt from TDS upon submitting specific self-declarations and registration certificates. Shareholders must link their Aadhaar with PAN; failure to do so may result in the PAN being deemed inoperative, attracting a higher TDS rate of 20%.

Applicable TDS Rates for Non-Resident Shareholders

Condition TDS Rate
Tax Residency Certificate (TRC) submitted As per DTAA
Section 395(2) certificate submitted As per certificate
Documents not submitted 20% + surcharge & cess

Non-resident shareholders opting for Double Tax Avoidance Agreement (DTAA) benefits must provide a self-attested copy of their PAN, Tax Residency Certificate for the relevant period, and Digital Form No. 41. The company clarified that it is not obligated to apply beneficial DTAA rates if the documentation is incomplete or unsatisfactory.

Compliance and Documentation

Shareholders holding shares in dematerialized mode must submit tax exemption documents electronically through their depositories or upload them to the registrar's website before June 26, 2026. Incomplete or unsigned forms will not be accepted. The company emphasized that no communication regarding tax determination will be entertained after the record date, and any tax deducted at a higher rate due to missing documents can only be claimed as a refund through income tax returns.

Historical Stock Returns for Allied Blenders & Distillers

1 Day5 Days1 Month6 Months1 Year5 Years
+5.92%+12.70%+9.52%+4.83%+51.87%+102.72%

How might the shift to exclusive electronic dividend payments impact shareholder engagement or liquidity for retail investors?

Could the strict documentation requirements for lower TDS rates influence foreign investor sentiment towards Allied Blenders and Distillers?

What impact will the final dividend payout have on the company's free cash flow and capital allocation strategy for FY2027?

Allied Blenders & Distillers
View Company Insights
View All News
like19
dislike

More News on Allied Blenders & Distillers

1 Year Returns:+51.87%