TI’s impressive Q1FY25 Financial Results

Tilaknagar Industries Limited (TI) has reported a 55.7 percent year-on-year jump in its profit after tax (excluding exceptional items) at Rs 40.1 crore for the quarter ended 30^th June 2024. The company had recorded a net profit of Rs 25.7 crore in the corresponding period of a year ago.

 The maker of Mansion House Brandy, India’s largest and world’s second-largest selling brandy, Tilaknagar Industries’ revenue increased to Rs 313.2 crore in the quarter ended 30^th June 2024 as against Rs 304.1 crore in the corresponding period of a year ago.

 The company’s Earnings Before Interest Tax Depreciation and Amortization (EBITDA) in the quarter under review improved by 30.8 percent to reach Rs. 50.2 crore as against Rs. 38.4 crore in the same period of a year ago. Adjusted for subsidy income, EBITDA for Q1 FY25 for TI stood at Rs. 45 crore.

 In the quarter ended 30^th June 2024, the company’s sales volumes increased to 25.4 lakh cases as against 25.1 lakh cases during the same quarter of the previous fiscal.

 During Q1 FY25, Tilaknagar Industries continued to remain the third-largest Prestige & Above IMFL player in the states of Telangana and Karnataka. The company also held its position as the largest IMFL player in Puducherry in the quarter under review. 

As on 30^th June 2024, Tilaknagar Industries’ net debt stood at Rs. 42.6 crore. In the quarter under review, the company reduced its net debt by Rs. 32 crore. The company aims to become near net debt- free over the course of FY25.

The company’s latest flavour innovation, the Mansion House Green Apple Flandy (Flavoured Brandy), which was recently launched in Telangana and Andhra Pradesh, achieved 20 percent share of Flandy volumes across flavours in the two states within the first quarter of its unveiling. In addition, the company’s second millionaire brand, Courrier Napoleon Brandy (CNB) witnessed a growth of more than two times in Q1 FY25 in the Prestige & Above segment.