The uptick in the Tilak Nagar Industries came after the company announced that it has forayed into the luxury brandy segment with the launch of Monarch Legacy Edition for Rs 6,750 in Maharashtra
Indian-Made Foreign Liquor (IMFL) manufacturer Tilaknagar Industries Ltd has reported a 57.2 per cent rise in its consolidated net profit to Rs 58.23 crore for the second quarter ended September 2024, supported by cost-optimisation initiatives and marketing strategy. The company had reported a net profit of Rs 37.04 crore a year ago, according to a regulatory filing from Tilaknagar Industries Ltd (TIL). Its revenue from operations rose 9.74 per cent to Rs 823.32 crore in the September quarter. It was Rs 750.18 crore in the year-ago period. "The growth in profitability to superior brand-mix as well as effective cost-optimisation initiatives. With the worst of the inflationary cycle over, the company anticipates further growth in profitability in the upcoming quarters," said TIL in its earnings statement. TIL, which owns brands such as Mansion House Brandy, Courrier Napoleon Brandy, Mansion House Gold Whisky and Blue Lagoon Gin, recorded a 7 per cent rise in its total expenses for th
Tilaknagar Industries share price: Average trading volume on the counter more-than-doubled with a combined nearly 5 million shares changing hands on the NSE and BSE in less than 30 minutes of trading
Indian-Made Foreign Liquor (IMFL) manufacturer Tilaknagar Industries Ltd has reported an increase of 55.71 per cent in its consolidated net profit to Rs 40.08 crore for the April-June quarter of 2024. The company had reported a net profit of Rs 25.74 crore in the April-June period a year ago, Tilaknagar Industries Ltd (TIL) said in a regulatory filing. Its revenue from operations was up 3.88 per cent to Rs 664.86 crore in the June quarter. It was at Rs 639.97 crore in the year-ago period. Tilaknagar Industries' total expenses increased 1.8 per cent in the June quarter to Rs 626.51 crore. The total income of the company which owns brands such as Mansion House Brandy, Courrier Napoleon Brandy, Mansion House Gold Whisky and Blue Lagoon Gin, was at Rs 666.60 crore in the June quarter. In the April-June period, Tilaknagar Industries' sales volumes marginally increased to 25.4 lakh cases. "Owing to the industry-wide disruption caused by the elections, the volume growth remained somewha