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ABDL — Q1 FY26: premiumisation continues

01 Aug 2025·ABDL·Buy● open·ConsumerFront Wave desk · Mumbai

Since we called it

₹633 at close

Called ₹351 · 01 Aug 2025

The print

Premiumisation, distribution depth, and operating leverage in scotch and premium IMFL drive the thesis. Q1 confirms the category mix shift is real and compounding.

Where we stand

Buy. The premium portfolio is growing into the distribution that already exists — the cheapest kind of growth there is.

● The Terminal · live book

The writing is free. The calls are the product.

7 calls live on the book right now — each with an entry, a target and the thesis behind it. Every closed call stays on the record — 1 closed so far, each with its own entry, exit and result.

Open the Terminal →See the track record

Pass it on

Know someone tracking ABDL? Research travels further than tips do.

Front Wave Research LLP · SEBI Registered Research Analyst · INH000018407. This note is research, not investment advice. Investments in securities markets are subject to market risks. Read all related documents carefully before investing.

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