Tilaknagar Industries Limited has informed the Exchange about Capacity addition of Prag Distillery (P) Ltd, Wholly Owned Subsidiary of the Company
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On the reaction day the stock moved 3.6 pts more than Nifty Microcap 250 and 3.7 pts more than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Tilaknagar Industries' board approved a Rs. 25 crore capital expenditure for its wholly owned subsidiary Prag Distillery to expand bottling capacity in Andhra Pradesh from about 6 lakh cases per year to about 36 lakh cases per year, to be completed within 12 months and funded by the holding company. Along with this, the board also approved Q1 FY26 financial results, where consolidated revenue rose around 30% year-on-year to Rs. 863.87 crore and profit before tax more than doubled to Rs. 88.62 crore (vs Rs. 40.09 crore in Q1 FY25), with EPS at Rs. 4.57 versus Rs. 2.08 last year. The board additionally appointed Parikh & Associates as secretarial auditors for five years (FY26–FY30). The filing also references the ongoing Rs. 4,150 crore Imperial Blue acquisition from Pernod Ricard and a favourable Bombay High Court ruling protecting one of the company's brands.
The 6x capacity expansion signals strong growth plans in Andhra Pradesh and should support higher volumes once commissioned, though the Rs. 25 crore is modest relative to the company's net worth of about Rs. 709 crore. Strong Q1 results and progress on the much larger Imperial Blue deal are likely positives for the stock, but the Imperial Blue deal's large funding requirement (debt + equity) remains a key thing to watch.