Allied Blenders and Distillers Limited

rs,

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.: in

4 Million

lio Overview 5 Year Consolidated Financial Summary 4 5 6 13 20 21 30 34 42 ABD Overview 4 Millionaire Brands Prestige / Premium / Luxury Officer’s Choice Whisky Launched in 1988 • Among top 10 gl

10 Million

Premium whisky category nationally • Among top 20 global whisky brands in the world • Crossed 10 Million cases in FY26 Golden Mist Brandy Srishti Whisky Kyron Brandy Sterling Reserve B10 Whisky R

90%

n Maharashtra and Telangana 1 PET Bottle Manufacturing Unit Pan India 37 Bottling units 80,000+ 90%+ of width of retail distribution across India #1 Largest exporter by volume Presence in 36 Count

₹840

BD Maestro) • 90%+ of width of retail distribution domestic market • Broad range of price points (₹840 to ₹5,300 per bottle) covering consumer preferences • As one of the largest importers of bulk Sc

₹5,300

ro) • 90%+ of width of retail distribution domestic market • Broad range of price points (₹840 to ₹5,300 per bottle) covering consumer preferences • As one of the largest importers of bulk Scotch, UK F

rs 2

lk Scotch, UK FTA to be margin accretive and also make Luxury portfolio more accessible to consumers 2 3 5 Successful value creation track record of building 4 Millionaire Brands • Officer’s Choice wh

40%

• Officer’s Choice whisky maintaining market leadership over a decade (16.9 Mn cases in FY26) with 40%+ market share 5 Strategic investments to optimize supply chain and enhance EBITDA Margins by ~30

300 bps

0%+ market share 5 Strategic investments to optimize supply chain and enhance EBITDA Margins by ~300 bps by FY28 and incremental ~100 bps by FY29 • Secure key raw material supplies by establishing in-hous

100 bps

vestments to optimize supply chain and enhance EBITDA Margins by ~300 bps by FY28 and incremental ~100 bps by FY29 • Secure key raw material supplies by establishing in-house capabilities – ENA distilleri

45%

y and EBITDA accretive Officer’s Choice strong cash flow generation core to future growth plans • 45%+ Gross Margins, highest in the Mass Premium category • High Contribution After Promotions (CAAP),

50%

able shareholder value • Revenue growth in mid-teens underpinned by increasing P&A contribution, ~50% by volume by FY28 • EBITDA margin of 14.4% (FY26) on track for ~18.0%, industry best-in-class by

“• Y-o-Y growth driven by: 150 137 182 • Strong volume growth of 20.5% in P&A category with stable volumes in mass premium • Q-o-Q growth led by: • Volume growth of 5.6% in mass premium category Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 PAT * (₹ Cr) -52.1% EBITDA Margin %”

“FY26 Way forward FY28 Topline growth with Portfolio Build - up Revenue growth (YoY) P&A Salience (Volume) Super-Premium to Luxury Portfolio Backward Integration/ Operational synergies ENA Malt PET Margin Enhancement Gross Margin % EBITDA % 5.6% 5.6% 37.3% 37.3% No presence No presence 33% captive 33% captive 60 Mn pa liters 60 Mn pa liters - - - - 37% 37% 7.5% 7.5% ROCE (pre-tax) Prudent Capital Allocation 16.5%16.5% 21 Note: ROCE calculated on EBIT (TTM) and closing Capital Employed basis.”

“outsource arbitrage Expected to be operational & EBITDA accretive in Q4 FY27 1) Acquisition of up to 50% stake in KION* 2) ₹90 Cr equity (ABD & existing shareholder ₹45 Cr each) 3) Setting up of 66 MLPA dual-mode distillery` Expected to be operational in Q4 FY28 MAILLP – Minakshi Agro Industries Limited Liability Partnership KION -Kion Blenders Industries Private Limited.”

Strategic Significance

2

Premium Product Proposition

2

Price Range

2

Notes

1

Topline growth

1

Profitability driven by

1

ABD Maestro portfolio brands global recognition

1

Notes

The Board of Directors has recommended a Dividend of 270% which is ₹ 5.4 per Equity share of ₹ 2/- each (fully paid-up) for the Financial Year FY26 Net Debt/ EBITDA is calculated with EBITDA on Trailing Twelve Months (TTM) basis, ROCE calculated on EBIT (TTM ) and closing Capital Employed basis * FY26 PAT is net of tax expenses (including interest) for earlier years of ₹45.45 crore Consolidated Q4FY26 Highlights YoY Delivers Highest Ever EBITDA ₹ 182 Cr, PAT ₹ 38 Cr and 17.9% EBITDA Margins Total Volume (Mn Cases) 9.3 +8.7% YoY Total Realization (Per Case) ₹ 1,050 +2.2% YoY Sales Contribution Volume Contribution 57.7% Q4FY26 42.3% 47.0% Q4FY26 53.0% P&A Mass Premium & Other Mass Premium & Others Volume (Mn Cases) 4.9 +0.0% YoY P&A Volume (Mn Cases) 4.4 +20.5% YoY 7 * FY26 PAT is net of tax expenses (including interest) for earlier years of ₹45.45 crore Income from Operations ₹ 1,020 Cr +9.1% YoY EBITDA ₹ 182 Cr +21.2% YoY EBITDA Margin Expansion from 16.1% to 17.9% PAT * ₹ 38 Cr vs ₹ 7

Topline growth

• Y-o-Y growth driven by: 150 137 182 • Strong volume growth of 20.5% in P&A category with stable volumes in mass premium • Q-o-Q growth led by: • Volume growth of 5.6% in mass premium category Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 PAT * (₹ Cr) -52.1% EBITDA Margin %

Profitability driven by

179 bps • Maintaining a strategic focus on a profitable brand mix across states 79 64 16.1% 13.6% 38 17.9% • Favourable commodity and packaging cost environment, complemented by backward integration benefits, drove a 480 bps Y-o-Y expansion in Gross Margin • Planned A&P investments in core brands and the luxury portfolio, alongside higher employee costs, partially offset Gross Margin gains, resulting in EBITDA margin expansion of 179 bps Y-o-Y 9 Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 * FY26 PAT is net of tax expenses (including interest) for earlier years of ₹45.45 crore Q4FY26 Brand Portfolio Highlights Sales (₹ Cr) Q4FY26 Q3FY26 Q-o-Q Q4FY25 Y-o-Y Sales Contribution P&A Mass Premium & Others Total Sales Others 562 413 976 44 555 388 944 60 1.3% 6.4% 3.4% (26.9%) Income from Operations 1,020 1,004 1.6% 453 425 878 57 935 24.2% (2.8%) 11.1% (22.4%) 9.1% Q4FY25 Q4FY26 51.6% 48.4% 57.7% 42.3% Volume (Mn Cases) Q4FY26 Q3FY26 Q-o-Q Q4FY25 Y-o-Y P&A Mass Premium & Others Total Volu

Strategic Significance

• Marks ABD Maestro’s debut in the ultra luxury spirits segment with the launch of ‘The Collective’ Limited Edition series • Expands the portfolio with a rare and limited-edition offering targeted at premium consumer segments

Premium Product Proposition

• 34-year-old Speyside Single Malt Scotch Whisky, distilled in 1991 at Macallan Distillery • Matured over three decades with a profile of florals, citrus, malty notes and sherry influence • Limited to 60 individually numbered decanters with handcrafted detailing Market Opportunity, Packaging Innovation & Expansion: • Positioned for collectors and connoisseurs seeking rare and limited-edition spirits • Available through a pre-order based model with restricted access • Strong response with 50%+ pre-orders and sales already secured • Available in Maharashtra, Goa, Haryana and in Travel Retail

Price Range

• ₹11 Lakhs (700 ml) – Maharashtra 16 ZOYA Pink Mix Berries Gin: A Premium Flavored Gin Extension Crafted to Strengthen ABD Maestro’s Contemporary Gin Strategy