Allied Blenders and Distillers Limited (ABDL) has announced the commencement of commercial operations at its new malt distillery in Rangapur, Telangana. This greenfield facility, with an approved manufacturing capacity of approximately 4.4 million barrels per annum, marks a significant milestone in expanding ABDL’s domestic production footprint and vertically integrating its core supply chain.

Enhanced Production Capabilities

The new malt distillery will enable ABDL to manufacture malt spirit in-house, providing the company greater control over the important input used in its whisky portfolio. This will help ensure consistent quality and provide a steady, dependable supply of malt spirit as production scales up.

Strategic Backward Integration

Commenting on the commencement, Amar Sinha, Managing Director, ABDL, said, “The start of operations at the malt distillery is an important step at ABDL, this underscores ABDL’s disciplined approach to backward integration and process excellence. Moving critical production inputs in-house enhances operating margins, insulates core brands from market fluctuations, and establishes a robust foundation for next-generation spirits development.”

Rangapur has evolved into the operational anchor of ABDL’s growth story. With grain distillation, PET bottle production, bottling operations, and now with malt distillation, ABDL has created an end-to-end, integrated manufacturing hub. This complete self-reliance provides total control over cost, quality, and supply continuity, while giving the teams the agility and scale to innovate and premiumize with speed.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Allied Blenders and Distillers Limited

Allied Blenders and Distillers Limited belongs to the Consumer Defensive › Beverages – Wineries & Distilleries sector. Here’s a quick read on where the business and the stock stand today.

Allied gains 21.4% over three months and trades near its 52-week highs. The PEG of 0.23 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Thin margins at 5.6% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Buyers show up with 2.0x the volume of sellers. Moreover, they dominated on 19 of recent sessions versus 11 for sellers — a healthy accumulation pattern. Both the business and the stock move in the right direction. Revenue grows at 7.4%, profits at 422.6%, and the PEG sits at 0.23 — below its growth rate. That combination is rare. Check Fundamentals of Allied Blenders and Distillers Limited.

Mangalam Global Enterprise Limited (MGEL), an integrated agro-processing company, announced its financial results for Q2 FY27. The company reported consolidated revenue from operations of ₹982.56 crore, up 39.21% YoY from ₹705.80 crore in Q2 FY26. Profit Before Tax (PBT) stood at ₹12.27 crore, a 41.85% YoY increase from ₹8.65 crore in Q2 FY26.

Financial Highlights

The results reflect the company’s performance across its agro-processing value chain and ongoing business initiatives. Key financial highlights include:

Q2 FY27

• Profit Before Tax (PBT): ₹12.27 crore, up 41.85% YoY from ₹8.65 crore in Q2 FY26.
• Revenue from Operations: ₹982.56 crore, up 39.21% YoY from ₹705.80 crore in Q2 FY26.
• Adjusted EBITDA: ₹23.10 crore, up 38.57% YoY from ₹16.67 crore in Q2 FY26.

H1 FY27

• Profit Before Tax (PBT): ₹22.71 crore, up 32.65% YoY from ₹17.12 crore in H1 FY26.
• Revenue from Operations: ₹1934.63 crore, up 23.67% YoY from ₹1564.34 crore in H1 FY26.
• Adjusted EBITDA: ₹44.28 crore, up 32.57% YoY from ₹33.40 crore in H1 FY26.

MGEL continues to strengthen its integrated agro-processing operations, focusing on sourcing, processing, value addition, and exports across key product categories, including castor oil, wheat, and rice. The company is also developing its consumer wellness portfolio through NEAT Everyday, with a retail presence across Mumbai, Ahmedabad, and Indore.

Commenting on the results, Mr. Vipin Mangal, Chairman, Mangalam Global Enterprise Limited, said: “Our Q2 FY27 results reflect the performance of our businesses amid evolving market conditions. We remain focused on strengthening our core agro-processing operations, improving operational efficiencies, expanding exports, and developing value-added offerings across our portfolio. Our expansion into the consumer wellness segment through NEAT Everyday also broadens our business presence and enables us to respond to evolving consumer needs. Going forward, we will continue to focus on strengthening our capabilities and creating sustainable long-term value for our stakeholders.”

MGEL is the flagship company of the Mangalam Group, which has a legacy spanning over eight decades. The company operates across the agricultural and agro-processing value chain, with activities encompassing sourcing, processing, manufacturing, branding, and distribution of edible oils and agricultural commodities. MGEL has also expanded into the consumer wellness segment through NEAT Everyday, a direct-to-consumer brand offering products across cold-pressed Nutra & Vital oils, wellness supplements, gummies, Ayurvedic formulations, and personal care.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Mangalam Global Enterprise Limited

Mangalam Global Enterprise Limited belongs to the Consumer Defensive › Farm Products sector. Here’s a quick read on where the business and the stock stand today.

Mangalam holds in the upper half of its 52-week range, a sign the market backs the stock. The PEG of 0.22 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock trades at 94% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. Both the business and the stock move in the right direction. Revenue grows at 33.9%, profits at 52.7%, and the PEG sits at 0.22 — below its growth rate. That combination is rare. Check Fundamentals of Mangalam Global Enterprise Limited.

Allied Blenders and Distillers Limited (ABDL) has announced the commencement of commercial operations at its newly established bottling facility in Moradabad, Uttar Pradesh. The unit, with an initial capacity of 6 million cases per annum, marks a significant milestone in ABDL’s integrated manufacturing programme to serve the state’s growing spirits demand.

Strategic Investment

The facility forms part of the assets acquired in January 2026 for approximately ₹70 crore and subsequently upgraded by ABDL with an investment of around ₹40 crore. The commissioning of this facility enhances the company’s bottling capacity in Uttar Pradesh and is expected to improve service efficiency while delivering cost benefits through increased in-house bottling and savings on franchise fees.

Growth in Uttar Pradesh

Uttar Pradesh, one of India’s fastest-growing spirits markets, is central to ABDL’s growth plans. The company has announced an investment of over ₹600 crore in the state, including the acquisition and upgradation of the Moradabad unit and the development of an integrated facility comprising a dual-mode distillery and additional bottling capacity.

Future Prospects

Commenting on the development, Mr. Amar Sinha, Managing Director, ABDL, said, “The commencement of operations at the Moradabad unit is an important step in strengthening ABDL’s manufacturing base and presence in Uttar Pradesh. Backward integration is a key pillar of our strategy, enabling greater control over the value chain, improved supply chain agility and stronger cost efficiencies. The unit will support our growth in the state and provide a platform for further integration, including increased captive ENA capacity. Uttar Pradesh is central to this backward integration journey. The state’s progressive excise policy framework and conducive investment environment provide a strong foundation for the industry’s long-term growth and bolster the state’s economy.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Allied Blenders and Distillers Limited

Allied Blenders and Distillers Limited belongs to the Consumer Defensive › Beverages – Wineries & Distilleries sector. Here’s a quick read on where the business and the stock stand today.

Allied gains 21.4% over three months and trades near its 52-week highs. The PEG of 0.23 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Thin margins at 5.6% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Buyers show up with 2.0x the volume of sellers. Moreover, they dominated on 19 of recent sessions versus 11 for sellers — a healthy accumulation pattern. Both the business and the stock move in the right direction. Revenue grows at 7.4%, profits at 422.6%, and the PEG sits at 0.23 — below its growth rate. That combination is rare. Check Fundamentals of Allied Blenders and Distillers Limited.