For the year ending March 2023, your revenue increased by 48 per cent while your net profit more than doubled and increased by 125.7 per cent. What led to such a performance?
In FY23, Tilaknagar Industries grew 43 per cent year-on-year in comparison to industry growth of approximately 12 per cent. This growth was led by the company’s two millionaire brands, namely, Mansion House Brandy and Courrier Napoleon Brandy which grew 40 per cent and 50 per cent, respectively, year-on-year. With 7.8 million cases sold in FY23, Mansion House is India’s largest-selling premium brandy. During the year, Courrier Napoleon became the company’s second millionaire brand, after Mansion House.
Our brands enjoy a strong emotional connection with the consumers, growing on the strength of blend superiority leading to consumer upgrades from other brandies. In addition, we are also seeing converts from Whisky in certain states from South India. Under the Mansion House brand umbrella, we launched India’s first premium-flavoured brandy, nick-named Flandy. We are witnessing encouraging growth in our flavoured brandy range which has resulted in a meaningful contribution to our overall volumes and margins. We are now looking at launching our Flandy range in more markets.
Despite inflationary pressures, we were able to increase our profitability considerably. This increase was driven by operating leverage, owing to growth in volumes as well as a reduction in finance costs from ₹62 crore in FY22 to ₹40 crore in FY23. We aim to go near net-debt free over the next 12 months or so.
هذه القصة مأخوذة من طبعة June 05, 2023 من Dalal Street Investment Journal.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة June 05, 2023 من Dalal Street Investment Journal.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
How To Invest In An Ageing Bull Market
Bull rallies (periods when stock prices rise) and bear declines (periods when stock prices fall) are natural parts of stock market cycles, but they don't follow a fixed timeline.
Should You Entrust All Your Money To A Single AMC?
If you are a market participant, you have probably heard the quote 'don't put all your eggs in one basket', which suggests diversification. Investors often focus on diversifying across categories like large-cap, mid-cap and small-cap, but they may unintentionally overlook diversification across different AMCs. The question arises: is AMC-wise diversification really necessary? Rakesh Deshmukh takes a closer look at this scenario
Wild Swings Engulf Global Equities
U.S. stock markets experienced significant volatility. An early-week rally pushed the markets to new highs, but this momentum faded, primarily due to weaknesses in the tech sector. The major indices had a mixed finish with, S&P 500 and Nasdaq closed lower, while the Dow recorded a notable gain.
U.S. Elections and China's Economy Hamper Commodities
Commodity markets experienced selling pressure in the last fortnight, driven by uncertainties surrounding the upcoming U.S. presidential elections, concerns about the Chinese economy, and increased agricultural production in Brazil.
Wealth Building For Retirement Through Mutual Funds
Retirement is one of the most crucial and lifechanging phases. It marks a period where maintaining your lifestyle becomes paramount even though your regular income stops.
Mastering Investment with Information Ratio
Information Ratio helps in navigating the complexities of the investment landscape by assessing an active fund manager's performance. And though it has its limitations, it remains an essential part of the finance industry. The article explains what Information Ratio is and how investors can use it as another tool
Plan To Be Financially Independent
Each of us aspires to be financially independent as it ensures having enough resources to be self-sufficient and control our finances.
❝Technology is the new game-changer"
With a new breed of young investors entering the financial markets, it is the use of technology that is increasingly playing a major role in how investments are done and tracked. Anand Radhakrishnan, Managing Director, Sundaram Mutual Fund, shares his opinion about how this factor is turning into a significant tool and how it will shape the strategies of his company
What If Donald Trumps?
The potential election of Donald Trump as president in the U.S. carries significant implications for the Indian equity market. It could lead to changes in the global trade dynamics, in particular affecting the Indian IT sector while also raising inflation levels and leading to yet another revision in the visa programme for Indians who want to work in the US. The article takes a closer look at what may lie in store
Sectoral Gains Make A Mark
Benchmark indices continued their uptrend, reaching new record highs, although the pace has slowed as the broader markets faced selling pressures
