United Spirits and Allied Blenders led a selloff in alcohol beverage makers on reports that the Maharashtra government approved a hike in excise duty
Shares of Allied Blenders and Distillers hit an all-time high of ₹454.10, soaring 6% in Tuesday's intra-day trade.
Q4 FY25 company results today: Godfrey Phillips, ITC Hotels, and Allied Blenders and Distillers will be among 135 companies to post earnings reports for the January-March quarter
The Bombay High Court has dismissed the company's plea in a trademark dispute over the use of the Mansion House brand
Allied Blenders and Distillers has reported a consolidated net profit of Rs 57.46 crore for the December 2024 quarter, helped by portfolio premiumisation. The company had posted a loss of Rs 4.42 crore a year ago, Allied Blenders and Distillers (ABD) said in a regulatory filing. Its revenue from operations increased 12.9 per cent to Rs 2,342.38 crore in the quarter under review. It was Rs 2,074.95 crore in the corresponding quarter of the previous fiscal year. ABD's total expenses rose 10.4 per cent to Rs 2,225.59 crore in the December quarter. The total income, which includes other income, surged 13 per cent to Rs 2,345.63 crore. "Overall, we delivered 8.9 million cases in Q3 FY25, a growth of 7.1 per cent vs 8.3 million cases in Q2 FY25 and a growth of 11.3 per cent vs 8 million cases in Q3 FY24. The growth was led by the premiumisation of the portfolio with a continued increase in Prestige & Above (P&A) volume salience to 42 per cent in Q3FY25 as compared to 39.7 per cent ..