Allied Blenders Challenges ₹161.6 Million Tax Demand

Allied Blenders and Distillers (ABD), a leading spirits manufacturer, has filed an appeal against a recent income tax order demanding ₹161.6 million. The company, known for brands like Officer's Choice Whisky, is contesting the tax assessment for an undisclosed period.

 

This development comes amid a series of financial and operational updates from ABD. Recently, the company received approval to increase its production capacity by 15 lakh bulk litres at its Telangana facility, bringing its total licensed capacity to 615 lakh bulk litres for FY 2024-25. This expansion aims to meet growing demand and strengthen ABD's market position.

 

In another recent matter, ABD received a ₹52.3 million demand notice from the Telangana State Beverages Corporation Limited for excise duty on breakages and shortages from FY 2020-21 to 2022-23.

 

Despite these challenges, ABD reported strong Q1 FY25 results, achieving a 10% EBITDA margin and ₹11 crore profit after tax, indicating resilience in its core business operations.

 

Sources: BSE, Allied Blenders and Distillers Limited website, MarketScreener