Tilaknagar Industries

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Tilaknagar Industries saw a 9% increase in share price to ₹ 513, driven by strong quarterly results with a profit of ₹ 89 crore. The company is set to acquire Imperial Blue, expecting approval by 2025, and plans significant capital expenditure for distillery expansion.

Homegrown liquor company Tilaknagar Industries Ltd has announced the acquisition of Imperial Blue whiskey from Pernod Ricard India. The buyout of the world's third top whiskey brand by volume will boost Tilaknagar's premium portfolio strategy.

Tilaknagar Industries' shares surged 14% to ₹ 355 after reporting record quarterly revenue of ₹ 406 crore, a 13.1% YoY increase. Profit rose 145.8% YoY to ₹ 77 crore, driven by strong volume growth in key states and expansion into luxury segments.

Tilaknagar Industries announced on Friday that the company continues its uninterrupted use and sale of the MANSION HOUSE brand as of now and is preparing to file an appeal against the relevant order before the Division Bench of the Bombay High Court.

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Tilaknagar Industries' shares rose 11% to ₹ 322.75 after reporting strong Q2 results, including a 23.8% YoY revenue increase and 39.1% YoY EBITDA growth. The company is now net debt-free with ₹ 25 crore cash and holds a 20% market share in the IMFL brandy segment.