New Whiskey: Alcohol stock surges 4.4% as company enters Delhi’s alcohol market with 2 new brands

Synopsis: The launch of 2 new brands of whiskey in Delhi’s  Indian Made Foreign Liquor Market has put the sugar and ethanol manufacturer in the spotlight.

A small cap stock in the business of manufacturing sugar and  ethanol saw its stock surge by 4.4 percent, soon after the company entered Delhi’s Indian Made Foreign Liquor Market with launching two new whiskey brands.

With a market cap of Rs 8,553 Cr Triveni Engineering and Industries Ltd saw its stock hit an intraday high of Rs 390.90 which is 4.4 percent higher than the previous close of Rs 374.30. 

What’s the News?

Triveni Engineering & Industries Ltd. (TEIL) on Monday announced that the company has entered Delhi’s Indian Made Foreign Liquor (IMFL) market with the launch of Matsya Gold Reserve Blended Whisky and The Crafters Stamp Grand Reserve Blended Whisky, strengthening its presence in the premium and super-premium whisky segment. 

After entering IMFL in July 2024 for the first time, the company has not just earned national but also international recognition. TEIL is expanding its footprint in one of India’s most competitive alcohol beverage markets, with the price of Rs 570 and Rs 950 for the new blend whisky brands and targets the evolving preferences of Millennials and Gen Z consumers who are   seeking refined, high-quality whisky experiences.

Triveni Engineering & Industries Ltd.’s distilleries have a capacity of 860KLPD. The company’s IMIL and IMFL manufacturing is carried out at its Muzaffarnagar facilities (2 facilities), which are the one helping to expand the company’s alcohol business. This distillery produces ethanol, Extra Neutral Alcohol (ENA), rectified spirit (RS) and denatured spirit (SDS) using a balanced mix of sugarcane-based and grain-based feedstocks. As of Q2FY26  Ethanol constituted 92 percent of the alcohol sales which was 93 percent in Q2 FY25.

Business & Financial Overview

Incorporated in 1932 in Uttar Pradesh Triveni Engineering and Industries Ltd is an integrated and diversified conglomerate with a strong presence in sugar, ethanol and engineering businesses. Strategically located in the sugarcane-rich western and central regions of Uttar Pradesh, the company ranks among India’s top three sugar producers and is the second-largest supplier of ethanol in the country.

In the latest quarter the company saw a YoY revenue growth of 14.43 percent, going from Rs 1,491 Cr in Q2FY25 to Rs 1,706 Cr in Q2FY26, while the QoQ went up by 6.7 percent from Rs 1,598 Cr in Q1FY25.

The company made a loss of 22 Cr in Q2FY25, but in the latest quarter it has made profit of 21 Cr in Q2FY26, and even saw a QoQ net profit growth of 950 percent from Rs 2 Cr in Q1FY25. The company’s stock has given a 38 percent compounded return in the last 5 years, while the same for 3 years stands at just 12 percent.

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