Tilaknagar Industries Reports 16.2 per cent Volume Growth in Q2 FY26

New Delhi, November 14, 2025: Leading Indian-Made Foreign Liquor (IMFL) manufacturer, Tilaknagar Industries Limited (TI) (BSE: 507205 | NSE: TI), announced its financial results for the quarter ended September 30, 2025 (Q2 FY26), showcasing robust volume growth, healthy profitability and continued strengthening of its balance sheet.

During the quarter, TI’s sales volumes grew by 16.2 per cent year-on-year, reaching 34.2 lakh cases, driven by strong consumer demand and market share gains across most key markets. TI’s net revenue stood at ₹398 crore, recording a 6.2 per cent year-on-year growth. Adjusted for subsidy, the net revenue grew by 9.3 per cent year-on-year, reflecting sustained brand momentum and portfolio premiumization. The net sales realization improved sequentially from ₹1,193 in Q1 FY26 to ₹1,215 in Q2 FY26.

The company reported an EBITDA of ₹60 crore and a Profit After Tax (PAT) of ₹53 crore, translating into an EBITDA margin of 15.1 per cent. Adjusted for subsidy, the EBITDA grew by 8.2 per cent year-on-year, while the PAT margin improved by 14 basis points to 13.2 per cent.

Mr. Amit Dahanukar, Chairman & Managing Director, Tilaknagar Industries said,“We continue to gain market share across key markets, supported by the strong performance of our core brands. The new launches are helping to expand our premium portfolio as well as our geographic footprint. Our established brandy portfolio, an emerging whisky saliency and a balanced regional mix are supporting our move to be a pan-India player and build a differentiated premium portfolio”.

For the first half of FY26, Tilaknagar Industries reported a 21 per cent year-on-year growth in volumes, reaching 66.2 lakh cases. TI’s net revenue stood at ₹807 crore, up 17.4 per cent year-on-year (adjusted for subsidy: 14.4 per cent growth). EBITDA for H1 FY26 was ₹155 crore and PAT was ₹141 crore, representing an EBITDA margin of 19.2 per cent (adjusted for subsidy: 15.1 per cent) and a PAT margin of 13.2 per cent, reflecting a 106-basis point expansion year-on-year. The Advertising & Promotional reinvestment rate (as a percentage of subsidy-adjusted net revenue) rose from 0.5 per cent in H1 FY25 to 1.7 per cent in H1 FY26, emphasizing the company’s continued investments in strengthening its brand equity.

On the balance sheet front, the company continues to maintain a strong financial position with gross debt of ₹47 crore and a net cash position of ₹1,086 crore. The quarter also saw strong traction in new markets, with launches in Odisha, Telangana, Kerala and Karnataka, led by Mansion House Whisky, Monarch Legacy Edition Brandy and Spaceman Spirits Lab Pvt Ltd portfolio including Samsara Gin and Amara Vodka.

 About Tilaknagar Industries:

Tilaknagar Industries (TI) is one of India’s leading alcoholic beverage companies, with a rich legacy spanning over 90 years. Founded in 1933 by Shri Mahadev L. Dahanukar as Maharashtra Sugar Mills, TI has, over the years, transformed in to a major player in the India Made Foreign Liquor (IMFL) industry having a manufacturing footprint of 21 units across 12 states. TI’s brand portfolio straddles multiple categories, featuring two ‘Millionaire’ brandy brands—Mansion House and Courrier Napoleon—along with a strong presence in whisky, rum, and gin through Mansion House Whisky, Madiraa Rum and Blue Lagoon Gin. Recently, TI has expanded into the luxury segment with Monarch Legacy Edition Brandy.

Website:  https://www.tilind.com