Investor Presentation for the quarter ended March 31, 2025
Awaiting price reaction for this filing.
ABDL posted record FY25 results with Income from Operations of ₹3,541 Cr (up 6.2% YoY) and highest-ever annual EBITDA of ₹451 Cr (up 81.7%). EBITDA margin expanded 530 bps to 12.7%, and PAT surged to ₹195 Cr from just ₹2 Cr in FY24. Q4FY25 was particularly strong with revenue of ₹935 Cr (+21.4% YoY) and EBITDA margin jumping to 16.1% from 8.1%. Premium-and-above volumes grew 32.7% in Q4, with ICONiQ White scaling 151% to 5.7 Mn cases. The company declared a 180% dividend (₹3.6/share) and significantly strengthened its balance sheet, with Net Debt/Equity falling from 1.8x to 0.5x post-IPO. ABDL plans ~₹525 Cr in backward integration investments (ENA, PET, malt distillery) to drive further margin gains and is targeting 15%+ EBITDA margin and ~50% P&A volume share over 3 years.
Strong margin expansion and balance sheet deleveraging signal improving profitability and financial health, likely to be viewed positively by investors. The clear multi-year margin and portfolio premiumization targets, backed by concrete capex plans, provide visibility on future growth, though execution of large backward integration projects remains a key monitorable.