Transcript of the 17th Annual General Meeting ( AGM ) of the Allied Blenders and Distillers Limited ( the Company ) held on Tuesday, July 08, 2025
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Allied Blenders and Distillers held its first AGM post-IPO, sharing FY25 results and strategic updates. Revenue rose 6.2% to Rs. 3,541 crore, with record-high EBITDA of Rs. 451 crore (up 81.7%) and net profit of Rs. 195 crore versus Rs. 2 crore in FY24. Gross margins expanded 512 basis points to 42.1%, and the company declared a maiden dividend of Rs. 3.60 per share (180%). Shareholders approved a resolution to raise up to Rs. 10,000 crore through securities, likely for a QIP to meet minimum public shareholding norms and reduce debt. Management outlined Rs. 525 crore in backward integration investments, including an ENA plant, India's first single malt distillery, and a PET bottle facility, while expanding exports to 23 countries and launching premium brands like Zoya Gin and Arthaus.
Strong FY25 results and the first-ever dividend are positive for shareholders, though some retail investors flagged that the stock price has not fully reflected the company's improving fundamentals. The proposed Rs. 10,000 crore fundraise may cause near-term dilution but could further strengthen the balance sheet, fund growth initiatives, and help meet SEBI's minimum public shareholding requirement.