Restaurant India News: Tilaknagar Industries Posts Record Q1, Plans Six-Fold Distillery Expansion

Tilaknagar Industries Limited (TI), one of India’s leading IMFL (Indian-Made Foreign Liquor) manufacturers, has reported strong financial results for the quarter ended June 30, 2025. Net revenue from operations stood at Rs 409.1 crore, up 30.6 percent from Rs 313.2 crore in the same quarter last year. Adjusted for subsidy income of Rs 38.6 crore, revenue growth was 20.5 percent.

Profit after tax (excluding exceptional items) rose 120.8 percent year-on-year to Rs 88.5 crore from Rs 40.1 crore. On a subsidy-adjusted basis, PAT was up 44.5 percent. Sales volumes increased by 26.5 percent, with market share gains in all key markets.

EBITDA reached Rs 94.5 crore, marking an 88 percent increase from Rs 50.2 crore a year ago—TI’s highest-ever quarterly EBITDA. Adjusted for subsidy income, EBITDA was Rs 55.8 crore, up 25 percent year-on-year.

The company’s Board has approved an investment of Rs 59 crore for a six-fold capacity expansion at Prag Distillery (P) Ltd, its wholly-owned subsidiary in Andhra Pradesh. This includes Rs 34 crore towards licence fees and interest payments. The expansion will increase Prag’s annual bottling capacity from six lakh cases to 36 lakh cases, enabling it to meet nearly 50 percent of TI’s demand in the state.

Amit Dahanukar, Chairman and Managing Director, Tilaknagar Industries , said, “The upcoming expansion marks a significant step in our journey to strengthen our manufacturing capabilities and meet the growing demand of our globally-acclaimed brands such as Mansion House Brandy and Courrier Napoleon Brandy in the state.”

In a separate move, TI has entered into a definitive agreement with Pernod Ricard India to acquire Imperial Blue, the country’s third-largest whisky brand, for Rs 4,150 crore, subject to Competition Commission of India approval. This will be the largest acquisition in India’s alco-beverage sector by an Indian company. For the year ended March 2025, Imperial Blue sold 22.4 million cases, securing a 9 percent share of India’s whisky market. The brand, a blend of Indian grain spirit and imported Scotch malts, has a presence in 27 states and union territories.