Allied Blenders & Distillers
423.80
+8.60(+2.07%)
Market Cap₹11,854.12 Cr
PE Ratio59.60
IndustryBeverages
Company Performance:
1D+2.07%
1M+5.83%
6M+9.62%
1Y+33.31%
5Y+33.31%
View Company Insightsright
Latest news about Allied Blenders & Distillers
Allied Blenders and Distillers Expands Globally, Focuses on Premium Offerings 2 days ago
Allied Blenders & Distillers (ABD) is expanding its global presence, now exporting to 23 countries. The company plans to launch Zoya gin in the UAE and enter Canadian and EU markets. ABD is adopting a 'build, buy and partner' strategy to drive growth and capitalize on premiumization trends. The potential India-UK Free Trade Agreement could benefit ABD by reducing Scotch import duties.
Allied Blenders & Distillers Brings Russian Standard Vodka to India 3 days ago
Allied Blenders and Distillers Expands Global Footprint with Mansion House and Savoy Club Acquisition 8 days ago
Allied Blenders & Distillers Expands Global Presence with €1.225 Million Acquisition of UTO Asia 9 days ago
Allied Blenders & Distillers Raises Liquor Prices in Maharashtra Following Excise Duty Hike 9 days ago
More news about Allied Blenders & Distillers
15May 25
Allied Blenders and Distillers Unveils ₹10,000 Crore Fundraising Plan and Plant Upgrade Initiative
Allied Blenders and Distillers, a major Indian spirits company, has revealed plans to raise up to ₹10,000 crore in funds. Additionally, the company proposes a ₹290 million capital expenditure for plant upgrades. This two-pronged strategy aims to strengthen the company's financial position and enhance its production capabilities, potentially positioning it for expansion in the competitive spirits market.
15May 25
Allied Blenders and Distillers Reports Impressive Q4 Results, Announces Dividend and Fundraising Plans
Allied Blenders and Distillers posted impressive Q4 results with a net profit of Rs 78.60 crore, reversing previous year's loss. Revenue grew 20% to Rs 921.00 crore, with volume up 20.8% to 8.5 million cases. The company recommended a final dividend of Rs 3.60 per share and approved plans to raise Rs 1,000.00 crore through various offerings.
12May 25
Allied Blenders and Distillers Ltd to Discuss Fundraising Options and FY2024 Results on May 15
Allied Blenders and Distillers Ltd has scheduled a board meeting for May 15, 2023, to discuss potential fundraising strategies and review FY2024 financial results. The board will consider issuing equity shares or convertible securities, subject to approvals. They will also review audited financial results for FY2024 and potentially recommend a dividend. This meeting is crucial for investors as it may impact the company's capital structure, growth prospects, and shareholder returns.
12May 25
Allied Blenders and Distillers to Explore Fundraising Options in Upcoming Board Meeting
Allied Blenders and Distillers, a major player in the Indian spirits industry, has scheduled a board meeting for May 15 to discuss various fundraising options. The board will consider issuing equity shares or other securities to raise capital. This move indicates the company's proactive approach to strengthening its financial position and potentially funding future growth initiatives. The outcome of this meeting could significantly impact the company's capital structure and shareholder value.
15Apr 25
Allied Blenders & Distillers: Bank Accounts Frozen in Andhra Pradesh Liquor Scam Probe
The Special Investigation Team (SIT) has ordered the freezing of Allied Blenders & Distillers' bank accounts at State Bank of India's Vijayawada branch as part of an ongoing investigation into a ₹4,000 crore liquor scam in Andhra Pradesh. The probe focuses on alleged kickbacks and preferential treatment in the state's liquor market during the previous government's tenure. Allied Blenders & Distillers claims they have not received any official notice regarding the account freeze. This development could have significant implications for the liquor industry in Andhra Pradesh and may lead to increased scrutiny of liquor licensing, distribution, and sales practices across the state.
02Mar 25
Allied Blenders Acquires 80% Stake in JV with Bollywood Star Ranveer Singh
Allied Blenders and Distillers Ltd. (ABD) has acquired an 80% stake in ABD Maestro Pvt., a joint venture with Bollywood star Ranveer Singh. Ranveer Singh retains 20% ownership and will serve as a creative and business partner. Bikram Basu has been appointed as Managing Director of the new entity. The venture aims to disrupt the spirits market with premium and innovative offerings, targeting a younger demographic.
1 Year Returns:+33.31%
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