Tilaknagar Industries reports highest-ever quarterly net revenue

Tilaknagar Industries Limited has reported a 139.3 percent year-on-year increase in profit after tax (excluding exceptional items) at Rs 24.55 crore for the quarter ended 31st December 2022. In the corresponding quarter a year ago, the company had registered a net profit of Rs. 10.27 crore.

Tilaknagar Industries has delivered its highest-ever quarterly net revenue at Rs 302.87 crore in the quarter ended 31st December 2022, rising 47.1 percent from Rs. 205.90 crore net revenue reported in the corresponding period a year ago.

The company’s Earnings before Interest Tax Depreciation and Amortization (EBITDA) stood at Rs 40.56 crore in the quarter ended 31st December 2022 as against Rs 32.42 crore in the corresponding year-ago period.

Led by a strong performance of its flagship ‘Mansion House’ brand, Tilaknagar Industries recorded a 39.4 percent year-on-year volume growth in the quarter ended 31st December 2022. The company’s sales volumes increased to 26 lakh cases in the quarter under review as against 18.7 lakh cases in the quarter which ended on 31st December 2021.

Tilaknagar Industries sold 8.7 lakh cases of Mansion House brand in the month of December 2022, making it the highest-ever sales for the brand so far in a single month. The company’s overall sales volumes too reached almost 11 lakh cases in a month for the first time after a decade.