Tilaknagar Industries Limited has informed the Exchange about Investor Presentation
TI · price
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Tilaknagar Industries reported strong Q1 FY26 results with volumes up 26.5% YoY at 32.1 lakh cases and net revenue of INR 409 crore, up 30.6% (20.5% excluding subsidy income of INR 38.6 crore). The company posted its highest-ever quarterly EBITDA of INR 94 crore (up 88% YoY) and PAT of INR 89 crore (up 120.8% YoY), with EBITDA margin at 23.1% (15.1% adjusted for subsidy). The company remains in a net cash position of INR 163.4 crore with gross debt of just INR 39.1 crore. The major highlight is the definitive agreement to acquire the Imperial Blue business from Pernod Ricard for ~EUR 413 million (~INR 4,150 crore) on a slump sale basis, pending CCI approval. The Board also approved INR 59 crore for expanding Prag Distillery capacity from 6L to 36L cases annually, and the Bombay High Court upheld TI's ownership of the Mansion House and Savoy Club trademarks.
This is a transformational acquisition that will convert TI from a regional brandy-focused player into a pan-India multi-category spirits company, diversifying into whisky. The deal is expected to be cash EPS accretive post-closing, with management targeting Net Debt/EBITDA below 1.0x by FY29. Strong organic Q1 performance and net cash position provide a solid platform to absorb the acquisition, though leverage will rise materially once the deal closes.