Tilaknagar Industries’ share price surged by 17% on November 5, following the company’s release of impressive Q2 results.
The Indian-Made Foreign Liquor (IMFL) manufacturer posted a 57% increase in its consolidated net profit, reaching ₹58 crore in the September 2024 quarter. This marks a significant rise from the ₹37 crore profit reported during the same period last fiscal year, according to the company’s exchange filing.
Amit Dahanukar, Chairman & Managing Director, highlighted the quarterly success: “From a Q2 business perspective, we have delivered our highest ever EBITDA at ₹66 crore. Our margins expanded on the back of superior brand mix as well as cost optimization initiatives, despite subdued volume growth due to RTM transitioning in Andhra Pradesh.”
The company’s consolidated income has increased to ₹826.67 crore during this quarter as against ₹750.66 crore in the corresponding period of the previous year. Tilaknagar Industries, whose flagship brand Mansion House Brandy is India’s largest-selling brandy and the second largest in the world, is gradually cementing its position in spirits.
These strong results were reflected in the movement of Tilaknagar Industries stock, surging 16.61% to ₹ 339.70 per share on the NSE while opening with a gap-up gain of 7.47% today.
Tilaknagar Industries is one of the leading participants in the field of alcoholic beverages in India, having a wide array of offerings across categories that include brandy, whisky, gin, and rum.
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Source: Moneycontrol
News Desk
