Tilaknagar Industries Limited — PPTs, 23-07-2025: Investor Presentation

**1. Financial Highlights:**

Tilaknagar Industries (TI) and Imperial Blue (IB) combined for LTM revenue of INR 4,472 Cr. The acquisition is projected to enhance top-line growth, RoCEs, and EBITDA margins, leading to cash EPS accretion. TI targets Net Debt to EBITDA below 1.0x.

**2. Strategic Initiatives & Growth Drivers:**

TI's acquisition of Imperial Blue, a major IMFL brand, propels it into India's largest whisky category. This creates a pan-India player with significant combined scale, diversifying TI's portfolio, expanding geographic reach, and offering strong synergy potential.

**3. Business Developments:**

TI is acquiring the Imperial Blue business for INR 4,150 Cr via a slump sale, covering brands, IP, and manufacturing assets. Financed by equity and debt, a Transition Manufacturing Agreement will ensure smooth integration.

**4. Market Position & Competitive Advantage:**

Imperial Blue, a leading whisky brand (~9% market share), significantly extends TI's market reach to 27 states. This establishes a diversified, pan-India spirits leader, leveraging strong brand heritage and expanded distribution.

**5. Investor Implications:**

This acquisition presents significant positive growth potential through market and category expansion. Expected cash EPS accretion and strong synergies point to future profitability. Investors should monitor integration execution and premiumization success.