Papadmalji expands modern trade in MP, ties up with 2 retail chains
PAPADMALJI · price
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Papadmalji Agro Foods has appointed a new distributor in Bhopal to strengthen its modern trade presence in Madhya Pradesh, targeting about 50 modern retail stores in Phase I, and signed tie-ups with two retail chains. The Bikaner-based papad maker already sells through Reliance Retail, DMart, Walmart, Lulu Hypermarket, LOTS Wholesale and Aadhar. As of March 31, 2026 it served 8,710 retail outlets via 76 distributors and 30 wholesalers. The company's shares began trading on the NSE Emerge SME platform on October 7, 2026.
Modest positive — small-scale distribution expansion, no financial guidance given, likely limited near-term stock impact.