The shares of the leading alcoholic beverage manufacturer gained up to 9 percent after the company’s net profit and revenue increased by 3 percent and 54 percent YoY, respectively in Q1FY24.
Tilaknagar Industries Ltd has a market capitalization of Rs 4,869.29 crore, the shares were trading at Rs 252.55 per share, increasing around 4.39 percent as compared to the previous closing of Rs 240.45 apiece.
Reason For Rise:-
Today, the shares of the company have seen such a bullish movement after Tilaknagar Industries Ltd’s revenue soared 12 percent on Quarter on Quarter basis from Rs 359 crore in Q4FY24 to Rs 313 crore Q1FY25, if we look into the on Year on Year basis revenue magnified significantly by 3 percent from Rs 304 crore Q1FY24 to Rs 313 crore Q1FY25.
Tilaknagar Industries Ltd’s net profit zoomed by 29 percent on a quarter-on-quarter basis from Rs. 31 crores in Q4FY24 to Rs 40 in Q1FY25. Further, on a year-on-year basis also net profit magnified drastically by 54 percent from Rs 26 crores in Q1FY24 to Rs. 40 crores in Q1FY25.
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Recent launch & footprint:-
Recently, Tilaknagar Industries Ltd launched Green Apple Flandy (Flavoured Brandy) in Telangana and Andhra Pradesh and within the first quarter of launch, achieved a 20% share of Flandy volumes across flavors in the two states.
The company has 17 manufacturing units across 10 states, and 86 percent of revenue is generated from South India. Among its products, 94 percent share belongs to its brandy product.
Ratio Analysis:-
Examining the company’s crucial ratio, return on equity declined from 14.62 percent in FY21-22 to 12.06 percent in FY22-23, while during the same time frame return on capital employed also inclined from 9.55 percent to 10.37 percent. In contrast, the net profit margin (NPM) stands at 2.88 percent in fiscal year 22-23.
Company snapshot:-
Tilaknagar Industries Ltd. is an alcoholic beverage company. The Company is primarily involved in the manufacturing and sale of Indian Made Foreign Liquor (IMFL) and extra-neutral alcohol. The Company has a diverse portfolio of brands in various liquor categories, including brandy, whisky, vodka, gin, and rum.
Written by:- Abhishek Singh
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