Systematix sees re-rating in Allied Blenders, Rs 722 target on premiumisation push
Systematix maintains Buy on Allied Blenders and Distillers with Rs 722 target, citing premiumisation through ABD Maestro and a Scotch customs duty cut. Brokerage models 13.2% revenue and 23.7% Ebitda CAGR over FY26-28, with margins expanding from 13.8% to 16.5% and PAT compounding at 38.8%.
Systematix maintains Buy on Allied Blenders with Rs 722 target, citing premiumisation via ABD Maestro, Scotch customs duty cut aiding margins, and projecting 13.2% revenue and 23.7% Ebitda CAGR through FY28.