ABDL / Q4-FY26 / claim-ledger

Audit the questions that mattered.

Allied Blenders and Distillers · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ4-FY26 · 2026-05-15Back to quarter ↗

Questions audited

11

Answered directly

68%

Numeric claims

2

Consistency

contradicted

Question ledger

What was answered, and how?

Amnish Roy · Noama Wealth Management Limited

partial

Near-term margin outlook and price hikes

Q2 looks like a distinct possibility that the FDA will come in place... Telangana price increase... overall for FY27, we should be able to by and large deliver margin no different than FY26.

Amnish Roy · Noama Wealth Management Limited

partial

Telangana price hike timing and Karnataka policy impact

We are hopeful that in Q2 sometime this price increase should come through but better to plan from an H2 perspective... for OC it could be neutral to positive.

Amnish Roy · Noama Wealth Management Limited

direct

New CEO's vision and leadership transition

I see great opportunities... revenue growth in the next three years to reach high teens... margin enhancement from 45% to 48-50%... transition should announce within this quarter.

Nitin · HDFC Securities

partial

Iconic volume growth aspiration and state presence

We have 100% distribution in domestic market... iconic is already running at about 12 million plus ARR... aspiration is that Iconic can be a market leader brand.

Nitin · HDFC Securities

direct

ABD Maestro portfolio performance and FY27 outlook

We are hoping to cross the 100 cr mark soon in terms of annual... two new brands roll out into at least 10 more domestic markets.

Nitin · HDFC Securities

evasive

Debt-to-equity ratio and capex flexibility

We are quite committed... we do not intend breaching these covenants at all.

Mihul · JM Financial

partial

Growth drivers for OC Blue and Sterling Reserve

Both brands are more than 10 years old... we are able to arrest the growth and bring in growth of low single digit... new packaging in Q2.

Mihul · JM Financial

direct

FY27 EBITDA margin guidance vs FY26

FY26 overall margins... FY27 overall margins we should hold on to the FY26... it's not better.

Mihul · JM Financial

direct

ESOP charge for FY27

On a quarterly basis you could see a number of about 5 to 6 crores.

Mihul · JM Financial

direct

ABD Maestro profitability timeline

Year one it's bitter negative... year two CM2 neutral... year three CM3 or beta neutral.

Diji · Jefferies

partial

Gross margin expansion breakdown: backward integration vs price

Pet unit operational gives about 30 basis point... balance is on account of price increases and control on trade spend.

Diji · Jefferies

direct

Does Iconic cannibalize OC Blue and Sterling Reserve?

Iconic is taking share away from all brands operating in that segment including SRV7... we look at aggregate market share.