Tilaknagar Industries Limited — Investor Meet, 21-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Tilaknagar Industries reported strong Q4 volume growth of 20.1% YoY and 13.5% QoQ, driven by recovery in Andhra Pradesh and 25% H2 growth in Karnataka. Q4 revenue rose 13.1% to ₹406 Cr, with EBITDA up 62.6% YoY at ₹78 Cr and margin expanding to 19.3%. FY25 revenue was ₹1,434 Cr, EBITDA ₹255 Cr (17.8% margin), and PAT ₹201 Cr excluding subsidies. The company is boosting luxury/super premium launches targeting high-teen volume growth in FY26, led by southern and eastern markets. Net cash improved to ₹107 Cr. Margin guidance is 15.5%-17% for FY26, factoring higher brand spends. Capacity expansion at Prag Distillery is planned, subject to approvals. Management remains confident on profitable growth and market share gains.