VST Industries Limited (VSTIND) has reported that its year-to-date performance remains under pressure due to an extraordinary tax increase. The company’s net revenue went down by 21% to Rs. 498 crores compared to Rs. 634 crores, while the profit after tax (PAT) dropped by 28% to Rs. 84 crores against Rs. 115 crores in the same period last year.

Impact of Tax Increase

The significant hike in cigarette taxation, which increased by about 50% on average, has created a challenging operating environment. This has impacted consumer affordability and legal industry volumes. The company’s focus remains on strengthening brands, adopting a measured pricing approach, improving distribution effectiveness, and driving cost efficiencies.

Financial Performance

In the first half of FY27, cigarette volume averaged 586 million pieces per month, down by 16.8% compared to 704 million pieces in the same period last year. The revenue from operations, net of excise duty, stood at Rs. 187 crores, down 19.1% from Rs. 216 crores. EBITDA dropped by 40.4% to Rs. 43 crores against Rs. 79 crores, and EBITDA margin decreased by 590 basis points to 17.9% from 23.4%.

Commenting on the performance, Piyush Srivastava, Managing Director, said, “The significant increase in cigarette taxation has created a challenging operating environment, impacting consumer affordability and legal industry volumes. Our focus remains on strengthening our brands, adopting a measured pricing approach, improving distribution effectiveness and driving cost efficiencies. In our unmanufactured tobacco business, ongoing geopolitical situation continues to weigh on growth. We remain committed to navigating these challenges with discipline and building a resilient business for sustainable long-term growth.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of VST Industries Limited

VST Industries Limited belongs to the Consumer Defensive › Tobacco sector. Here’s a quick read on where the business and the stock stand today.

VST falls 13.4% over three months and has not found a floor yet. A 5.94% dividend yield is exceptional — this stock acts like a high-yield bond with equity upside. D/E of 0.37 and a 5.94% dividend yield give the balance sheet a decent cushion. The stock sits at 2% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 4.2% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of VST Industries Limited.

Allied Blenders and Distillers Limited (ABDL) has announced its unaudited financial results for the quarter and half year ended September 30, 2026, showcasing robust topline growth. The company reported an Income from Operations of ₹ 1,152 crore, marking a 15.8% year-on-year (y-o-y) increase and a 17.1% quarter-on-quarter (q-o-q) rise. This impressive performance is driven by the highest-ever quarterly sales volumes of 10.0 million cases in Q2FY27.

EBITDA and PAT Growth

EBITDA stood at ₹ 143 crore, up 10.0% y-o-y and 19.2% q-o-q. The Profit After Tax (PAT) reached ₹ 69 crore, reflecting a 9.7% y-o-y and 52.0% q-o-q growth. Excluding the ₹29 crore impact of global supply chain disruptions, like-to-like (LTL) EBITDA would have been ₹ 172 crore, higher by 32.3% y-o-y, with an LTL EBITDA margin of 14.9% (up 186 bps y-o-y) and an LTL PAT of ₹ 91 crore (higher by 44.3% y-o-y).

Strategic Investments and Expansions

ABDL continued to invest in expanding its super-premium and luxury portfolio, including brand-building and distribution initiatives. The recent commissioning of capacity-expansion projects has strengthened the company’s manufacturing capabilities and is expected to improve supply-chain efficiency and margin accretion. With the festive season ahead, ABDL expects the topline growth momentum to continue.

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.

LT Foods Limited (LTFOODS) has announced its unaudited consolidated financial results for the quarter and half year ended September 30, 2026. For H1 FY ’27, the consolidated revenue grew 22% year-on-year to ₹6,414 crores, EBITDA increased 17% to ₹721 crores, and PAT grew 9% to ₹364 crores. This performance reflects the company’s focus on building strong consumer-focused brands, driving premiumisation and innovation, and strengthening operational efficiencies across the business.

Strong Performance in India

India continues to be the strongest growth engine, which grew by 24% YOY for H1 FY ’27. The company is executing a multi-pronged strategy focused on premiumisation, portfolio expansion, distribution expansion, and capability building. The initial response to new offerings like Delight, Rozana Platinum, and new Biryani format offerings continues to be encouraging.

Global Market Expansion

North America remains a key strategic market witnessing 20.8% (Normalized growth 13.3%) growth. Europe remains an important long-term growth market where the company continues to invest in expanding consumer reach and strengthening retail partnerships. The Middle East and Rest of the World recorded 24.6% year-on-year growth in H1 FY’27, with strong brand salience and wider distribution.

Overall, LT Foods Limited (LTFOODS) continues to believe that branded basmati remains significantly under-penetrated in India, creating a long runway for sustainable growth.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of LT Foods Limited

LT Foods Limited belongs to the Consumer Defensive › Packaged Foods sector. Here’s a quick read on where the business and the stock stand today.

LT posts a 9.1% three-month gain, but softens in the last few weeks. Thin margins at 5.5% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The business compounds revenue at 16.5% and profits at 15.8% CAGR. That is strong double-digit growth on both counts. The stock gives back 0.0% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 16.5% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of LT Foods Limited.