Investor Presentation - Q1FY27 Earnings Presentation

July 23, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street Bandra Kurla Complex, Mumbai - 400 001 Bandra (E), Mumbai - 400 051 Scrip Code (BSE): 544203 Symbol: ABDL Our Reference No. 47/ 2026-27 Sub: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’)- Q1FY27 Earnings Presentation Dear Sir/Ma’am, Please find enclosed the Q1FY27 Earnings Presentation on the Unaudited Financial Results (Standalone and Consolidated) of the Company for the Quarter ended on June 30, 2026. The presentation is being submitted in compliance with Regulation 30(6) read with Schedule III Part A Para A of the SEBI Listing Regulations. A copy of the presentation is also being uploaded on the Company's website: https://www.abdindia.com/ This is submitted for your information and record. Thanking you. Yours sincerely, For Allied Blenders and Distillers Limited Sumeet Maheshwari Company Secretary & Compliance Officer Membership No. ACS - 15145 Encl.:-a/a Allied Blenders and Distillers Limited Corporate Office: Ashford Centre, 3rd Floor, 4th Floor & 7th Floor, Shankarrao Naram Marg, Lower Parel (W), Mumbai – 400013. Tel: +91 22 4300 1111 Registered Office: 394-C, Ground Floor, Lamington Chambers, Lamington Road, Mumbai – 400004, India. T.: +91-22 6777 9777 CIN No: L15511MH2008PLC187368 | E.: info@abdindia.com| www.abdindia.com Q1FY27 Earnings Presentation July 2026 (BSE: 544203 | NSE: ABDL) Millionaire Brands at Global Scale Officer's Choice ICONiQ White Sterling Reserve B7 #3 #1 #12 Top Whiskies Fastest Growing Top Indian Worldwide Whisky Worldwide Whiskies for 3 consecutive years: CY23,CY24 & CY25 *Drinks International Millionaires’ Club Report 2026 Agenda 1 ABD Overview 4 2 Investment Case 5 3 Performance Highlights 6 4 ABD Maestro Update 10 5 Management Perspectives 19 6 Future Ready Transformation 20 7 Key Brand Portfolio Overview 29 8 5 Year Consolidated Financial Summary 37 ABD Overview 4 Millionaire Brands Prestige / Premium / Luxury Officer’s Choice Whisky Officer’s Choice Blue Whisky Launched in 1988 Launched in 2011 • Among top 10 global spirits brands • Regional power brand in the Prestige • 3rd largest whisky brand in the world category Golden Mist Srishti Kyron Sterling Reserve • Leverages strength of flagship brand • Market leader in Mass Premium Brandy Whisky Brandy B10 Whisky Officers Choice category for more than a decade • India’s # 1 exported brand Sterling Reserve B7 Whisky ICONiQ White Whisky Launched in 2017 Launched in 2022 • Among top 25 global whisky brands • Fastest growing millionaire whisky Rangeela Zoya Yello Designer Woodburns • 5th largest brand in the Semi- brand in the world for three Vodka Gin Whisky Whisky Premium whisky category nationally consecutive years CY23, CY24 and CY25 • Ranked 12th among Indian whisky brands globally • Among top 15 global whisky brands in the world • Crossed 10 Million cases in FY26 Segredo Pumori Aodh Irish Arthaus Blended Russian Standard Aldeia Rum Gin Whiskey Malt Whisky Platinum Vodka 2nd 31 40 80,000+ #1 Brands Largest Indian spirits Whisky, Brandy, Rum, Vodka 2 Distilleries in Maharashtra and 90%+ of width of retail Largest exporter by volume company by volume and Gin Telangana distribution across India Presence in 39 Countries Expanded portfolio operating 1 PET Bottle Manufacturing Unit across multiple price points Pan India 37 Bottling units New Brands launched in FY26 ABD Investment Case Platform of scale in the attractive, rapidly premiumising Indian Prestige & Above (P&A) brand portfolio well positioned for high growth consumer market trajectory • Expanded portfolio from Mass Premium to Super-Premium and • Driving aggregated market share in P&A whisky category Luxury • Portfolio ready to capitalize on high growth and high margin Super-Premium to • Strategically located pan India manufacturing network Luxury category (ABD Maestro) • High-end research center with infrastructure to support premium • Broad range of price points (₹840 to ₹5,300 per bottle) covering consumer products development across categories preferences • 90%+ of width of retail distribution domestic market • One of the largest bulk Scotch importers, UK FTA to be margin accretive, improving luxury portfolio accessibility Successful value creation track record of building 4 Millionaire 2 Strategic investments to optimize supply chain and enhance EBITDA Brands Margins by ~300 bps by FY28 and incremental ~100 bps by FY29 • Officer’s Choice maintaining market leadership over a decade (16.9 • Secure key raw material supplies by establishing in-house ENA distilleries in Mn cases in FY26) with 40%+ market share key states in India • ICONiQ White growing exponentially to 10.7 Mn cases in FY26 vs • Reduced availability risks to enable high growth Prestige whisky and setting up 5.7 Mn cases in full year FY25 Single Malt distillery • Sterling Reserve is amongst the top 5 brands in India’s semi- • In-house PET bottle manufacturing facility now operational & EBITDA accretive premium whisky segment • Scaling in-house bottling capabilities across key markets to support growth and • Officer’s Choice Blue continues to enjoy its position as a regional improve operational efficiencies power brand in the Prestige & Above segment Officer’s Choice strong cash flow generation core to future Continue to deliver long term, sustainable shareholder value growth plans • Revenue growth in mid teens underpinned by increasing P&A contribution, • 45%+ Gross Margins, highest in the Mass Premium category ~50% by volume by FY28 • High Contribution After Promotions (CAAP), given exceptionally • EBITDA margin of 14.4% (FY26) on track for ~18.0%, industry best-in-class by strong brand recall and lower trade spend FY28 • India’s #1 exported brand, with market leadership in the Middle East • Capital structure provides headroom to support future growth plans (FY26 Net 5 with growing presence in Africa Debt / Equity: 0.6x) • Driving ROCE from 18.5% (FY26) to 23% – 25% by FY28 Consolidated Q1FY27 Highlights YoY ABD Reports Steady Q1FY27 Performance as Premiumisation and Growth Investments Continue Income from Operations EBITDA • Topline driven by volume growth across portfolio: P&A volume by 10.7%, Mass Premium & Others volume by 2.3% ₹ 984 Cr ₹ 120 Cr vs ₹930 Cr Q1FY26 vs ₹119 Cr Q1FY26 • ICONiQ White grew by 33.8% to 3.1 Mn cases vs 2.3 Mn in Q1FY26 • Gross Margin expanded by 277 bps, supported by a favourable EBITDA Margin PAT input cost environment and benefits from backward integration, 12.2% ₹ 45 Cr despite ongoing global supply chain disruptions vs 12.8% Q1FY26 vs ₹56 Cr Q1FY26 • EBITDA margin moderated by 55 bps as Gross Margin gains were more than offset by planned investments in people, core brands and newly established luxury portfolio Net Debt / EBITDA Net Debt / Equity • Excluding the ₹24 Cr impact of global supply chain disruptions, 1.7x in Jun-26 0.6x in Jun-26 like-to-like (LTL) EBITDA would have been ₹144 Cr (+21.4%), vs 1.7x in Mar-26 vs 0.6x in Mar-26 with LTL EBITDA margin at 14.7% (+189 bps) and LTL PAT of ₹63 crore (+13.6%) in Q1FY27 • Sustained profitability and effective NWC optimisation drove ROCE operating cashflow generation of ₹ 174 Cr 18.1% in Jun-26 • Free cashflow led Net Debt Reduction by ₹ 33 Cr (₹ 947 Cr in vs 18.5% in Mar-26 Jun-26 vs ₹ 981 Cr in Mar-26) 6 Notes: Net Debt/ EBITDA is calculated with EBITDA on Trailing Twelve Months (TTM) basis, ROCE calculated on EBIT (TTM ) and closing Capital Employed basis Consolidated Quarterly Performance Trend Income from Operations (₹ Cr) EBITDA (₹ Cr) 5.8% 1.2% Topline growth: • Y-o-Y growth driven by volume growth across portfolio: 1,020 984 182 •P&A Category: 10.7% •Mass Premium & Others: 2.3% 119 120 • Q1 low consumption quarter vs. Q4 due to seasonality Profitability driven by: • Maintaining a strategic focus on a profit [Showing first 8,000 characters — download PDF for full document]