Tilaknagar Industries Ltd Share Price – NSE  / BSE

Alcoholic Beverages, Small Cap

Gland Pharma Ltd, Hatsun Agro Product Ltd, Procter & Gamble Health Ltd and Kirloskar Brothers Ltd are among the other gainers in the BSE's 'A' group today, 05 November 2024.

Tilaknagar Industries Ltd spiked 16.01% to Rs 338 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 8.32 lakh shares were traded on the counter so far as against the average daily volumes of 94223 shares in the past one month.

Gland Pharma Ltd soared 11.78% to Rs 1799.55. The stock was the second biggest gainer in 'A' group. On the BSE, 64038 shares were traded on the counter so far as against the average daily volumes of 5517 shares in the past one month.

Hatsun Agro Product Ltd surged 9.92% to Rs 1168.1. The stock was the third biggest gainer in 'A' group. On the BSE, 13964 shares were traded on the counter so far as against the average daily volumes of 1923 shares in the past one month.

Procter & Gamble Health Ltd rose 8.05% to Rs 5704. The stock was the fourth biggest gainer in 'A' group. On the BSE, 2840 shares were traded on the counter so far as against the average daily volumes of 449 shares in the past one month.

Kirloskar Brothers Ltd advanced 5.91% to Rs 2049.4. The stock was the fifth biggest gainer in 'A' group. On the BSE, 60967 shares were traded on the counter so far as against the average daily volumes of 10092 shares in the past one month.

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Profit before tax soared 57.21% year on year (YoY) to Rs 58.23 crore in the quarter ended 30 September 2024.

EBITDA jumped 39.1% to Rs 66 crore during the quarter as against Rs 47.4 crore reported in Q2 FY24. EBITDA margin improved to 17.6% in Q2 FY25 as compared to 13.4% recorded in the corresponding quarter previous year.

On half yearly basis, the company’s consolidated net profit grew 56.59% to Rs 98.32 crore on 7.04% rise in revenue from operations to Rs 1,488.08 crore in H1 FY25 over H1 FY24.

Amit Dahanukar, chairman & MD, tilaknagar industries, said, “I am happy to share that we have turned net debt free as of September 2024. From a peak debt of more than Rs. 1,100 crore in March 2019, to achieving net debt free status, we have come a long way. This transformation was achieved through a combination of financial prudence and achieving industry-beating profitable growth.

From a Q2 business perspective, we have delivered our highest ever EBITDA at Rs. 66 crore. Our margins expanded on the back of superior brand mix as well as cost optimization initiatives. All this despite subdued volume growth on account of transitioning of RTM in our key state of Andhra Pradesh (“AP”) in Q2.

With retail going private in AP from mid-October onwards, we expect to continue with our industry-beating growth trajectory; achieved through a combination of doubling down on our market share gains from our brandy portfolio as well as new product launches across categories. The worst of the inflationary cycle seems behind us, and we expect to grow on our profitability despite increasing investments in A&SP, providing meaningful ‘Share of Voice’ to brandy as a category.”

Tilaknagar Industries is an alcoholic beverage company. The Company is primarily manufactures, markets and distributes spirits. The company's product portfolio includes whisky, brandy, rum, vodka, and gin.

The counter hits an all time high of Rs 339.55 on the BSE.

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Net profit of Tilaknagar Industries rose 57.21% to Rs 58.23 crore in the quarter ended September 2024 as against Rs 37.04 crore during the previous quarter ended September 2023. Sales rose 5.78% to Rs 374.86 crore in the quarter ended September 2024 as against Rs 354.39 crore during the previous quarter ended September 2023.

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Tilak Nagar Industries will hold a meeting of the Board of Directors of the Company on 4 November 2024

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