TINSETilaknagar Industries Limited· Brew/DistilleriesHighNeutral
Announced Fri, 29 May · 19:58 IST

Tilaknagar Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.

Qualified OpinionRevenue Growth 20pctPat NegativeExceptional ItemRelated Party TransactionsResults View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-6.6%1-day move
₹457.00
prior close
₹456.00
base price
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AI summary

Tilaknagar Industries reported consolidated revenue of Rs 5,24,757.61 Lacs for FY26, up 68% from Rs 3,12,098.23 Lacs in FY25, driven by the Imperial Blue acquisition from Pernod Ricard completed in December 2025 for Rs 3,442 crores. However, PAT declined sharply to Rs 2,087.02 Lacs from Rs 22,959.29 Lacs due to exceptional items of Rs 23,196.55 Lacs including acquisition costs of Rs 2,2006.72 Lacs and Rs 1,189.83 Lacs for new labour code gratuity impact. The auditors issued a qualified opinion citing failure to assess impairment for a non-operating ENA plant. The Board recommended 10% dividend (Rs 1 per share), approved a WOS in Nigeria to manufacture and sell Imperial Blue (up to Rs 30 crores investment), and approved amalgamation of two subsidiaries Punjabexpo Breweries and Vahni Distilleries into TIL. ESOP allotment of 303,050 shares increased paid-up capital to Rs 2,47,47,38,750.

Likely market impact

Despite strong revenue growth from the Imperial Blue acquisition, profitability collapsed due to large acquisition-related exceptional charges. The qualified auditor opinion on ENA plant impairment and ongoing litigation add risks. Positive dividend and international expansion plans offer some support for shareholder sentiment.