Mumbai, Jan. 7 -- As tax hikes in major states and last year's slowdown in middle-class consumption hurt mass alcohol brands that were the strength of the industry, Allied Blenders and Distilleries Ltd is homing in on premium customers.
In March, the Mumbai-based distiller launched a premium and luxury spirits subsidiary, ABD Maestro, in partnership with Hindi film actor Ranveer Singh. The company is expecting to close FY26 with a revenue of Rs.100 crore annualized run rate (ARR) and aims to double that in the next financial year, Alok Gupta, Allied Blenders' managing director, told Mint in an interview.
ABD Maestro is home to Allied Blenders' premium brands, including small batch gin brands Zoya and Pumori, vodka brand Rangeela, and Ye...
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