IMFL Maker Tilaknagar Industries PAT Grows by 23% in Q3, EBITDA Expands to 17.4 per cent 

Tilaknagar Industries Limited (TI), a leading manufacturer of Indian-Made Foreign Liquor has reported a 23.2% year-over-year increase in profit after tax (PAT) at 54 crores (excluding extraordinary items) for the quarter that ended on December 31, 2024. A year ago, the company's net profit for the same period was 44 crores.

At 60 crore, Tilaknagar Industries' profits before interest, tax, depreciation, and amortization (EBITDA) has represented a 17.4% increase over the same quarter of the prior fiscal year. The company, which produces Mansion House, the biggest and second best-selling brandy in India and the world, increased its EBITDA margin by 408 basis points, from 13.6 percent to 17.7 percent.

The company's net revenue from operations for the quarter that ended on December 31, 2024, was 340 crores, compared to 377 crores during the same time last year. The state of Andhra Pradesh, a significant market for IMFL brands, saw changes in pricing and distribution policies, which led to a minor decline in net revenue from operations. 

Tilaknagar Industries' PAT (excluding extraordinary items) climbed by 50.1% to 152 crores for the nine-month period ending December 31, 2024, from 101 crore for the same period the year before.

Amit Dahanukar, Chairman & Managing Director mentions, “Despite the policy transition in Andhra Pradesh, which is one of our key markets, the company achieved a year-on-year PAT growth of 23 per cent. The transition is more or less behind us, and we expect to continue our growth trajectory in the state and other major markets. In Q3 FY25, we achieved the highest-ever sales volumes in Karnataka and continued to grow market share in Telangana, Kerala and Puducherry.”

“We will now look to further penetrate within these segments with Samsara Gin being the next play through our royalty arrangement with Spaceman Spirits Lab Pvt Ltd," Dahanukar added. 

With the launch of Monarch Legacy Edition Brandy, the company has ventured into the luxury, artisan, and premium spirits markets. Trade and consumers alike are responding well to Monarch, which is made from a careful blending of French and Indian grape spirits that have been aged for up to eight years. 

Compared to the same period last year, the company's primary volumes increased by 2.3% to 30.1 lakh cases in the quarter that ended on December 31, 2024, while secondary volumes increased by 9.2%.