Tilaknagar Industries Shares Hit All-Time High on Strong Q2 Results

Tilaknagar Industries Ltd shares surged by 17% on November 5, 2024, reaching an all-time high, following the company’s impressive Q2 results for FY2024-25.

Tilaknagar Industries Shares Hit All-Time High on Strong Q2 Results

Shares of Tilaknagar Industries Ltd climbed 17% to an all-time high on November 5, 2024 as the company has turned out much stronger in terms of quarterly performance for FY 2024-25. It boasts the superhit brand of Mansion House Brandy while it produced a consolidated net profit that grew 57% on the bottom line in the September quarter of this year following healthy margins along with strategic cost optimization.

Metric Q2 FY25 Q2 FY24 Growth (%)
Net Profit (Rs crore) 58 37 57%
Total Income (Rs crore) 826.67 750.66 10.1%
EBITDA (Rs crore) 66 - -
Share Price Increase (Nov 5, 2024) 17% - -
Year-to-Date Share Price Growth 40% - -

Key Takeaways for Q2 FY '25 :

India’s largest Indian-Made Foreign Liquor (IMFL) maker, Tilaknagar Industries, registered a consolidated net profit of Rs 58 crore during the Q2 FY25. Compared to the same period a year ago, this amount has seen a 56% rise from the Rs 37 crore net profit generated in the same period during the last fiscal. A peak EBITDA in its history of Rs 66 crore has been claimed by the company, that has come as a result of enhanced operational efficiency and prudent cost management.

That impacts our margins, too, and this was further supported by the cost optimization efforts, said Managing Director and Chairman Amit Dahanukar on the earnings call. Our margins expanded well behind both superior brand mix and cost-optimization initiatives. All this despite subdued volume growth on account of the transitioning of RTM in our key state of Andhra Pradesh in Q2.

Financial Performance Summary

Besides high profits, net income has reached Rs 826.67 crore for Q2 FY25 against Rs 750.66 crore in the corresponding quarter of the previous fiscal. It would indicate that the company is getting better market share and spreading operations to more states.

Share Price Movement and Market Impact

The share price of Tilaknagar Industries rose 16.61% to Rs 339.70 on NSE after the earnings report. The stock has opened with a gap-up of 7.47%. Altogether, the stock has remained in an uptrend for the entire day. The rally has placed company shares at an all-time high high, and investor trust has reflected in the kind of price appreciation this share has shown. This essentially meant that the stock was up over 40 percent in the year and it was this that made Tilaknagar Industries one of the best performing stocks in the alcoholic beverage sector of the country.

Tilaknagar Industries Ltd. is an Indian headquartered company, which is famous for its diversified product portfolio under the IMFL category. The flagship brand of this company is Mansion House Brandy, which is India’s largest and the world’s second-largest selling brandy. This company has a portfolio of alcoholic products ranging from brandy, whisky, gin, and rum that caters to a broad consumer base in India and international markets.

The excellent Q2 results combined with strategic premium brand offering focus have been the push for the stock of Tilaknagar Industries. The company remains on track with its sustained growth and sound financials besides further expanding the product’s market reach. Both investors and industry observers may look closely at this stock, seeing that it continues its course on a momentum track.

Disclaimer:

All above recommendations are of the market analysts. Neither the author, nor the brokerage firm, nor Stockstoday.in will be responsible for any loss arising out of any such decision taken based upon this information. All users are cautioned to take their own expert advice prior to making any investment decision.

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