Amit Dahanukar Chairman and Managing Director Tilaknagar Industries Ltd.
In Q2FY24, the company’s net sales increased by 25.86 per cent while its net profit increased by more than 166 per cent YoY. What factors contributed to the company’s performance?
Tilaknagar Industries (TI) has been consistently delivering a strong set of numbers year-on-year and sequentially, every quarter. In the quarter-ended September 2023, the company’s robust performance can largely be attributed to a healthy volume growth, solid brand performance in key markets and a significant reduction in debt interest payments. Our flagship brand, Mansion House Brandy, continues to gain market share across geographies. The company’s industry-first innovation under the Mansion House brand umbrella, premium flavoured brandy, Flandy, is also receiving encouraging market response. In fact, the brand is contributing to the overall volumes.
In addition, a combination of improved brand and state mix as well as price increases in one of the company’s key states, Telangana, has further improved its net sales realisation, per case. As a result, in the second quarter of FY24, Tilaknagar Industries achieved a volume growth of 17.2 per cent. In the half-year ended September 2023, the company’s volumes grew 27.8 per cent in comparison to an overall India Made Foreign Liquor (IMFL) industry growth of 3-4 per cent in the same period. Tilaknagar Industries’ earnings before EBITDA stood at ₹47 crore in Q2FY24 and ₹86 crore in the half-year ended September 2023, registering year-on-year growth of 50.9 per cent and 61.5 per cent, respectively.
Esta historia es de la edición December 18, 2023 de Dalal Street Investment Journal.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 18, 2023 de Dalal Street Investment Journal.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
How Much Salary To Invest in Mutual Funds?
Mutual funds can be the cornerstone of your financial success. By understanding their benefits, aligning them with your goals and investing consistently, you will be well on your way to achieving your financial dreams. The article highlights how you can use mutual funds to make your dreams come true
Witnessing a Slow Turn
The information technology (IT) and business process management (BPM) sector has emerged as a major driver of growth for the Indian economy, playing a crucial role in boosting the country's GDP and enhancing public welfare.
On the Move
FY 2023-24 was a year of record results and growth for the tourism industry, driven by favourable demographics, increasing employment, higher disposable incomes of a young middle class, robust domestic demand, increased investments and improving infrastructure and connectivity.
Maintaining Profitable Fitness
Healthcare has emerged as one of India's most expansive and significant sectors, both in terms of revenue and jobs. It includes hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment.
High Potential for Wealth Generation
India's financial sector is highly diverse and rapidly expanding, marked by strong growth from existing financial services firms and the entry of new entities.
Focusing on Rural Markets
The Indian fast-moving consumer goods (FMCG) sector, the fourth-largest in the country, is a key driver of economic growth, consumption and job creation.
Painting a Promising Picture
The electrical industry is projected to reach a whopping USD 520 billion by 2025, driven by a surge in demand for electronic products expected to hit USD 400 billion by 2025, up from USD 33 billion just a few years ago (FY20).
A Rising Demand Curve
The consumer durables industry is categorised primarily into two segments by product categories: major appliances and small domestic appliances.
Urbanisation Triggers Tremendous Growth
India's construction material sector is a cornerstone of the nation's economic growth, propelling infrastructure development and generating significant employment.
On a High-Growth Trajectory
The Indian chemical sector is a major contributor to the nation's economic engine, contributing 7 per cent to the GDP. Encompassing a diverse range of products from bulk chemicals and fertilisers to speciality chemicals, petrochemicals and polymers the industry caters to various downstream sectors.
