Tilaknagar Industries Ltd Share Price – NSE  /  BSE

Alcoholic Beverages, Small Cap

Tilaknagar Industries announced that its flagship brand Mansion House Brandy has emerged as the largest-selling brandy in India and the second-largest selling brandy in the world for the year 2023.

The company's other millionaire brand Courrier Napoleon emerged as the world's second fastest-growing brandy and the third-fastest growing spirits brand, across all alco-bev categories, across the globe. Courrier Napoleon now ranks as the seventh-largest selling brand globally amongst brandies for the year 2023.

The above rankings have been published in ‘The Millionaires' Club' report released by international trade journal Drinks International in June 2024.

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Tilaknagar Industries announced the unveiling of a new flavour innovation under its Flandy (premium flavoured Brandy) range. Mansion House Flandy has now been launched in an all-new Green Apple flavour in the state of Telangana, to begin with.

TI has seen very encouraging response to its Flandy range in the state, aiding the Company's jump to become the fourth largest IMFL player and the third largest IMFL Prestige & Above (P&A) player in the state in FY24.

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Tilak Nagar Industries announced that the Board of Directors of the Company at its meeting held on 21 May 2024, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

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Net profit of Tilaknagar Industries declined 46.79% to Rs 31.45 crore in the quarter ended March 2024 as against Rs 59.10 crore during the previous quarter ended March 2023. Sales rose 0.37% to Rs 358.78 crore in the quarter ended March 2024 as against Rs 357.45 crore during the previous quarter ended March 2023.

For the full year,net profit declined 7.93% to Rs 138.01 crore in the year ended March 2024 as against Rs 149.90 crore during the previous year ended March 2023. Sales rose 19.72% to Rs 1393.95 crore in the year ended March 2024 as against Rs 1164.36 crore during the previous year ended March 2023.

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