Why Tilaknagar Industries share price gained 20% to hit all-time high today

Tilaknagar Industries Ltd saw its share price jump as much as 20% to an all-time high on November 5, driven by strong financial results for the September 2024 quarter.
The Indian-Made Foreign Liquor (IMFL) manufacturer reported a 57% increase in consolidated net profit, reaching Rs 58 crore, compared to Rs 37 crore in the same quarter last year.
The company’s total income also rose to Rs 826.67 crore from Rs 750.66 crore a year earlier, reflecting strong operational performance.
Amit Dahanukar, Chairman & Managing Director, highlighted that the company achieved its highest-ever EBITDA of Rs 66 crore for Q2. He attributed this success to an improved brand mix and effective cost optimization initiatives, despite facing subdued volume growth in Andhra Pradesh due to a transition in the route-to-market strategy.
Shares of Tilaknagar Industries were up 18.52%, reaching Rs 345.30 on the Bombay Stock Exchange (BSE) at 1:08 pm.
Tilaknagar Industries is a prominent player in India’s alcoholic beverage sector, offering a diverse range of products, including brandy, whisky, gin, and rum. The company is known for its flagship product, Mansion House Brandy, which is the largest-selling brandy in India and the second-largest globally.
This year’s performance has been strong for Tilaknagar Industries, with shares climbing nearly 44% on the BSE thus far. The positive momentum reflects investor confidence in the company’s ability to sustain growth and profitability in a competitive market.
As the company continues to adapt to industry challenges and capitalise on its strengths, its recent results highlight the potential for further growth in the upcoming quarters.