EBITDA jumped 50.9% to Rs 47.4 crore during the quarter as against Rs 31.4 crore reported in Q2 FY23. EBITDA margin improved to 13.4% in Q2 FY24 as compared to 11.4% recorded in the corresponding quarter previous year.

On half yearly basis, the company reported net profit in H1 FY24 to Rs 62.8 crore as compared from 14.9 crore posted in H1 FY23. Revenue from operations increased 30.6% YoY to Rs 658.5 crore in H1 FY24.

Amit Dahanukar, chairman & MD, tilaknagar industries, said, “Our focus over the coming 6-8 quarters will be to increase our market share in existing and new regions through robust growth in our brandy portfolio. Our company achieved YoY volume growth of 17.2% in Q2 FY24 and 27.8% in H1 FY24, compared to overall IMFL industry growth of 3-4% in H1.

Our net sales realization (NSR) per case further improved to Rs 1,273 crore in Q2 FY24 from Rs 1,179 crore in corresponding quarter last year, on account of a combination of improved brand and state mix as well as price increases received in our key state of Telangana.

Our EBITDA margins expanded to 13.4% as compared to 11.4% in Q2 FY23 and 12.6% in Q1 FY24 despite increase in ENA prices; we are however seeing some softening of prices in packing materials. EBITDA now stands at Rs 47 crore in Q2 FY24 and Rs 86 crore in H1 FY24; a YoY growth of 50.9% and 61.5% respectively. Our PAT excluding exceptional items increased 130% YoY to Rs 32 crore, at a PAT margin of 9%.”

Tilaknagar Industries is an alcoholic beverage company. The Company is primarily manufactures, markets and distributes spirits. The company's product portfolio includes whisky, brandy, rum, vodka, and gin.

The counter hit an all time high of Rs 240.15 in today’s intraday session on the BSE.