Allied Blenders & Distillers Limited Overview
Pro stress-test →Allied Blenders & Distillers Limited (ABDL) is an Indian multinational company specializing in the manufacture, marketing, and distribution of Indian-made foreign liquor (IMFL), headquartered in Mumbai and established in 1988 with the launch of its flagship Officer's Choice whisky. As India's largest domestic spirits company by sales volume and the top exporter in the sector, ABDL operates a diverse portfolio of 25 brands across whisky, brandy, rum, vodka, gin, and other categories, with products available in over 79,000 outlets domestically and exported to 30 countries as of September 2025.
Strategic Profile
Pro stress-test →The company, incorporated in 2008 and listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in July 2024, has grown into the third-largest IMFL producer in India by volume. The company is focused on entry into the luxury segment via its new division, ABD Maestro, and to oversee its value-accretive capacity expansion and backward integration program. Allied Blenders targets 18% EBITDA margin by FY28, supported by a ₹1,000 Cr QIP. Plans include Indian Single Malt entry by FY29, with 70-75% P&A contribution.
Competitive Landscape
Pro stress-test →As India's largest domestic spirits company by sales volume and the top exporter in the sector, ABDL operates a diverse portfolio of 25 brands. The company has grown into the third-largest IMFL producer in India by volume. The company competes with established Indian spirits players in both domestic volume markets and premium export segments, facing competition from imported brands and regional distillers.
Industry Context
Allied Blenders & Distillers Limited operates in Indian-made foreign liquor (IMFL) spirits manufacturing and distribution.
Key facts
Founded: 1988 · Headquarters: Mumbai, India · Employees: 500-1000 · Revenue: $412M (TTM as of June 2025) · Market cap: $1.0B as of March 2025