Allied Blenders and Distillers Limited has informed the Exchange regarding a press release dated July 21, 2025, titled "Press Release Allied Blenders and Distillers Receives Ratings Upgrade to IND A with a Positive Outlookfrom IND A- ".
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Allied Blenders and Distillers (ABD), India's largest domestic spirits company by volume, has received a credit rating upgrade from India Ratings and Research (Ind-Ra) from 'IND A-' to 'IND A' with a positive outlook. This is the second rating upgrade within 12 months of the company's successful IPO in July 2024. The upgrade reflects ABD's strong growth in FY25, improved scale of operations, and significant margin expansion driven by higher contribution from premium brands. Credit metrics strengthened notably in FY25, and Ind-Ra expects continued improvement in the medium term, supported by ongoing capex in backward integration for raw materials and packaging.
Positive for shareholders — the rating upgrade signals stronger financial health, likely lower future borrowing costs, and reflects management's successful premiumization strategy, which should support long-term shareholder value creation.