New Delhi, May 15, 2025: Leading Indian-Made Foreign Liquor (IMFL) manufacturer, Tilaknagar Industries Limited (TI) (BSE: 507205 | NSE: TI), has reported a major spurt in revenue and profit for the quarter ended March 2025. The company’s net revenue from operations grew 13.1 per cent to Rs 406 crore from Rs 359 crore in the corresponding quarter last year. While the profit after tax (PAT), excluding exceptional items, showed a spectacular growth of 95.7 per cent, rising to Rs 77.35 crore from the Rs 39.52 crore reported in the year-ago period.
Driven by improved operational efficiencies and volume-led growth, TI reported a strong growth in Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) which grew 62.6 per cent to Rs 78 crore from Rs 48 crore reported in Q4 FY24. Adjusted for subsidy income, the EBIDTA stood at Rs 65 crore, showing a growth of 35.5 per cent Y-o-Y.
The EBITDA margin registered a substantial growth of 588 basis points; rising to 19.3 per cent from 13.4 per cent during the period under reference. In Q4 FY 25, the company recorded a volume growth of 20.1 per cent Y-o-Y, signalling a strong return to its growth trajectory. This performance was reinforced by the successful completion of the Andhra Pradesh Route to Market (RTM) transition, which had previously impacted volumes. The company also reported significant market share gains across all key states, further reinforcing its competitive position in the Indian IMFL landscape.
Speaking on the performance, Mr. Amit Dahanukar, Chairman & Managing Director, Tilaknagar Industries said, “Q4 FY25 marked a strong end to the year with solid volume and value-led growth. Andhra Pradesh led the recovery following the successful RTM transition, showing strong Y-o-Y and Q-o-Q performance. We anticipate sustained momentum, supported by continued market share gains across all major Southern states.”
For FY25, TI reported consolidated net revenue of Rs 1,434 crore, up 2.9 per cent Y-o-Y, impacted by a price reduction in Andhra Pradesh and muted volume growth in the first nine months. Despite modest growth in net revenue, EBITDA rose sharply by 37.4 per cent to Rs 255 crore while Profit After Tax surged 62.9 per cent Y-o-Y to Rs 230 crore, reflecting strong operational efficiency and profitability.
“While this quarter we achieved our highest-ever quarterly EBITDA, supported by strong margins; our full-year profitability was driven by volume growth, operating leverage, and disciplined cost management, underscoring our continued focus on sustainable and efficient business performance”, Mr Dahanukar added.
In FY25,TI made further progress in reinforcing its balance sheet, reducing gross debt and achieving a net cash position of Rs 107 crore as of March 31, 2025, reflecting the company’s strong financial discipline and resilience.
The Board of Directors has recommended a dividend of Rs 1 per equity share for FY25.
During the year, TI strengthened its market presence, maintaining it’s position as the third-largest player in the Prestige & Above (P&A) IMFL segment in Telangana and Karnataka and the largest IMFL player in Puducherry, reflecting its strong brand equity and deep market penetration across key southern states. Additionally, the company has commenced distribution of the Spaceman Spirits Lab (Spaceman) portfolio, including the acclaimed Samsara Gin, in select markets. This follows the usership agreement signed between Spaceman and TI, marking a strategic step towards expanding TI’s presence in the premium craft spirits segment.
Launched recently as part of its ongoing premiumization drive, TI’s Monarch Legacy Edition Brandy was awarded a Bronze Medal at the prestigious London Spirits Competition 2025, recognizing the brand’s superior quality and craftsmanship on a global stage.