Tilaknagar Industries Ltd Share Price – NSE  /  BSE

Alcoholic Beverages, Small Cap

Net profit of Tilaknagar Industries declined 42.32% to Rs 43.77 crore in the quarter ended December 2023 as against Rs 75.88 crore during the previous quarter ended December 2022. Sales rose 24.37% to Rs 376.69 crore in the quarter ended December 2023 as against Rs 302.87 crore during the previous quarter ended December 2022.

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Tilak Nagar Industries will hold a meeting of the Board of Directors of the Company on 12 February 2024.

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Tilaknagar Industries unveiled Mansion House Chambers Brandy, a premium variant of its flagship brand, Mansion House.

In the first phase of its launch, the latest premium creation from Tilaknagar Industries has been made available in Puducherry, India. This will be followed by launch in other key southern markets.

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Revenue from operations grew by 29.1% year on year (YoY) to Rs 354.39 crore in the quarter ended 30 September 2023.

EBITDA jumped 50.9% to Rs 47.4 crore during the quarter as against Rs 31.4 crore reported in Q2 FY23. EBITDA margin improved to 13.4% in Q2 FY24 as compared to 11.4% recorded in the corresponding quarter previous year.

On half yearly basis, the company reported net profit in H1 FY24 to Rs 62.8 crore as compared from 14.9 crore posted in H1 FY23. Revenue from operations increased 30.6% YoY to Rs 658.5 crore in H1 FY24.

Amit Dahanukar, chairman & MD, tilaknagar industries, said, “Our focus over the coming 6-8 quarters will be to increase our market share in existing and new regions through robust growth in our brandy portfolio. Our company achieved YoY volume growth of 17.2% in Q2 FY24 and 27.8% in H1 FY24, compared to overall IMFL industry growth of 3-4% in H1.

Our net sales realization (NSR) per case further improved to Rs 1,273 crore in Q2 FY24 from Rs 1,179 crore in corresponding quarter last year, on account of a combination of improved brand and state mix as well as price increases received in our key state of Telangana.

Our EBITDA margins expanded to 13.4% as compared to 11.4% in Q2 FY23 and 12.6% in Q1 FY24 despite increase in ENA prices; we are however seeing some softening of prices in packing materials. EBITDA now stands at Rs 47 crore in Q2 FY24 and Rs 86 crore in H1 FY24; a YoY growth of 50.9% and 61.5% respectively. Our PAT excluding exceptional items increased 130% YoY to Rs 32 crore, at a PAT margin of 9%.”

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 hit an all time high of Rs 240.15 in today’s intraday session on the BSE.

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