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Earnings Call

Tilaknagar Industries Earnings Call: Key Takeaways

Tilaknagar Industries reported record FY26 sales of ~20mn cases, driven by the acquisition of Imperial Blue and Mansion House Brandy reaching 10mn cases. Strategy focuses on premiumization and pan-India distribution.

Highlights
Revenue growth69.9% YoY for FY26; 147.5% YoY for Q4 FY26.
MarginsEBITDA margin at 15.5% (adjusted for subsidy); targets 16-18% by FY29.
Demand visibilityStrong; record sales in May 2026 after brief integration disruption.
Management confidenceHigh; guidance for FY27 and next 3 years remains unchanged.

Growth

FY26 Net Revenue grew 69.9% YoY to ₹2,346cr. FY26 EBITDA up 64.5% to ₹419cr; PAT (adj.) up 30.3% to ₹299cr.

Outlook

Targeting 16-18% EBITDA margin by FY29; double-digit volume growth; Net Debt/EBITDA below 1.0x. Capex of ₹59cr completed at Prag Distillery.

Risks

Input cost pressure from geopolitical tensions; high integration costs; dependency on southern India (currently 85%+ saliency).

Source

Earnings Call filed with NSE, NSE: TI. Summary written with AI assistance from the document.

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Tilaknagar Industries Ltd: key numbers

Share price
₹581.70
Market cap
₹14,420 Cr
Revenue (annual)
₹2,346 Cr
Net profit (annual)
₹20.87 Cr
P/E (TTM)
-400.1×Sector 29.0×
Promoter holding
31.68%-0.03% QoQ
FII holding
16.88%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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