Tilaknagar Industries Ltd. (TI), a leading player in the Indian Made Foreign Liquor (IMFL) industry has announced its consolidated financial results for the quarter and half year ended September 30, 2013.

Key Highlights: 

- Robust Volume performance with 26% increase in Q2FY14. Total Volumes in H1 FY14 at 7.7 million cases 
- Revenues increased on account of higher penetration in existing and new markets along with benefits of brand strength
- Q2 FY14 witnessed the launch of several brands in various states across multiple categories
- Brandy - White house Brandy in Andhra Pradesh, Mansion House brandy & Courrier Napoleon Brandy Green in Meghalaya
- Rum - Madiraa GOLD Rum and White House Rum in Odisha and West Bengal respectively
- Whisky - Blacpower Whisky in Goa, SHOT whisky in Assam & Bihar, Mansion House Whisky in Bihar and Meghalaya
- Vodka – Classic Vodka in Madhya Pradesh
- TI was awarded the “CSD Runners Up Trophy for Excellent business Performance for 2012-13” during the quarter under review
- TI announced the appointment of Srijit Mullick as the CFO of TI
- Srijit Mullick's extensive expertise and business acumen will help drive additional value at TI 


Commenting on these results, Mr. Amit Dahanukar, Chairman & Managing Director, Tilaknagar Industries Ltd, said: “TI's Q2 & FY14 results reflect another quarter of improved performance as we progress in implementing our initiatives to drive overall growth. Our strategic framework highlights three priorities- profitable volume growth, brand development and geographic expansion.

Our robust volume increase of 26% during the quarter, underpins the successful implementation of our broad level strategies. The consistent increment in volume growth is attributable to TI's varied brand profile, our premium products and extensive distribution system. This combined with the cumulative effect of the past price hikes has partially benefited our revenue profile.

While the macro economic situation continues to present challenges, with the support of a strong, resilient business model, we have been persistent with our efforts to grow at a pace which is sustainable and profitable. Brand expansion witnessed a healthy trajectory as we not only enhanced penetration in existing markets but also successfully pursued new market opportunities especially in the East. 

The investments we have made in our business in the course of recent years have enabled us to focus on our targeted areas. We are working to better differentiate our brands, to improve our distribution and reach in the market. 

While I believe, there is still immense growth to capitalize in the near and longer term, I'm pleased with the progress to date and remain confident that with our continual focus, we will succeed in driving long term value for our shareholders.”


Outlook:

- Volume focus continues

- Gain traction in new geographies whilst enhancing presence in existing markets.

- H2 FY14 is generally associated with festivities and thus expected to further drives volumes

- Compelling brand proposition 

- Leverage the strength of a varied brand basket across segments and price points

- Drive higher brand recall via various marketing and brand development initiatives

- High focus on key segments- Brandy and Rum 

- TI confident in adding White House Rum and Courrier Napoleon brandy to the Millionaire club , which will take the Millionaire brand count to 6 by FY2014


- Benefits from strategic initiatives & associations 

- TI to witness benefits from the VAT refunds via the Mega Project Status

- TI's arrangement with Mason & Summers to facilitate in improved presence in North India by FY14 – FY15