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Tilaknagar Industries net profit rises 22.8 per cent to Rs 13.88 crore in Q2; Revenue jumps 36.5 per cent
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Wednesday, 16 November, 2022, 16 : 00 PM [IST]
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Our Bureau, Mumbai
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Tilaknagar Industries Limited, a leading Indian-Made Foreign Liquor (IMFL) manufacturer, has reported a 22.8 per cent increase in net profit at Rs 13.88 crore in the quarter ended September 2022, up from Rs 11.30 crore in the same period a year ago. The company registered a 36.5 per cent jump in net revenue at Rs 274.50 crore in the July-September quarter 2022 as against Rs 201.11 crore in the corresponding quarter a year ago.
Renowned for manufacturing the famous ‘Mansion House’ brand, Tilaknagar Industries reported a 35 per cent year-on-year volume growth. In the quarter ended September 2022, Tilaknagar Industries’ sales volumes increased to 24.3 lakh cases as against 18.1 lakh cases in the same period last year. The quarterly volumes are the company’s highest since FY14.
The company’s Earnings Before Interest Tax Depreciation and Amortization (EBITDA) stood at Rs 31.43 crore in the quarter under review as against Rs 30.54 crore in the year ago period.
Amit Dahanukar, chairman and managing director, Tilaknagar Industries, said, “We are delighted to have delivered a strong quarter led by substantial sales volumes, the highest in the past over eight years. Going ahead, our focus will be to continue this momentum despite inflationary headwinds that the industry is currently facing. Our strategy is to build on our growth through new product innovations and regional expansions, with an eye on sustainable profitability.”
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