Alcoholic Beverages

India's alcoholic beverage sector is demonstrating resilience and a focus on premiumization, as evidenced by recent earnings reports. Allied Blenders & Distillers (ABD) reported revenue growth of roughly 5% in Q1 FY27, while also navigating supply chain disruptions and investing in its premium ICONiQ White brand, which saw significant volume increases. Similarly, India Glycols reported a strong FY26 performance with a 28% revenue increase and a 56% jump in net profit, alongside progress in its demerger plans. These developments suggest a continued shift towards higher-margin products and strategic expansion, though investors should monitor the impact of potential regulatory changes and macroeconomic factors on consumer spending.