Allied Blenders Q2 Sales and Operating Profit Beat Expectations
Allied Blenders reported better-than-expected sales and operating profit for FY27's second quarter, supported by a recovery in mass-premium volumes. Nomura maintained its Buy rating and Rs 850 target price.
Nomura has maintained its 'Buy' rating on Allied Blenders & Distillers and retained its target price of Rs 850 after the liquor maker reported better-than-expected sales and operating profit for the second quarter of FY27, supported by a recovery in mass-premium volumes.Consolidated sales rose 16…