After the results of July-September quarter, there has been a tremendous rise in the shares of Tilaknagar Industries. This stock has risen 18% in a single day. Liquor company Tilaknagar Industries released its quarterly results after market close on Monday. The company has recorded the highest ever EBITDA in this quarter.
According to the company’s management, margins have improved due to better brand mix, and the company has taken several important steps to reduce costs. During this period, volume growth was also recorded in key markets like Andhra Pradesh. He also said that the performance of the second quarter has been even better as compared to the first quarter of the current financial year.
What does the management have to say?
Andhra Pradesh and Telangana contribute about 50% to the company’s total sales. However, now the management says that they are focusing on expansion in other areas also. The company has set a revenue target of ₹1,300 crore for the full financial year. Tilaknagar Industries, maker of Mansion House Brandy, is the world’s second largest brandy seller. Apart from this, the company also produces whiskey, gin and rum.
How were the results?
The company’s income increased by 5.8% to ₹374.8 crore in the second quarter. During this period, EBITDA increased by 39.1% to ₹66 crore. The company’s margin also increased from 13.4% to 17.6%. Volume increased by 3.1% to 3.1 million.
With today’s gains, the stock is up more than 20% in the past month, while the stock is up more than 47% in the past six months. The 52-week high of Tilaknagar Industries is ₹341.90 per share, while the low has been ₹182.05 per share.
Disclaimer: This information is for informational purposes only and should not be construed as investment advice. It is recommended to consult a financial advisor before making investment decisions.