Tilaknagar Industries Limited — Investor Meet, 19-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Tilaknagar Industries' Q3 FY26 results saw significant growth post-Imperial Blue (IB) acquisition. Revenue soared 90.5% YoY to Rs. 664 Cr, with EBITDA at Rs. 110 Cr. IB volumes reached 1.8 million cases in December, positioning TI as a dominant IMFL player in South India. Management anticipates IB integration will drive 250-350 bps margin expansion for the acquired business within 24 months. Combined volumes are forecast for high-single to low-double digit growth in FY27, with consolidated EBITDA margins expanding 150-250 bps. Net debt-to-EBITDA is projected below 1.0x by FY29. Operational focus includes integration, new product launches like Seven Islands whisky, and expanding the Prag distillery. The company expresses confidence in sustainable growth.