| Metric | Value (₹ Cr) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 915.59 | 6.0% | 11.2% |
| Total Income | 917.74 | 5.7% | 11.0% |
| Expenditure | 864.83 | 10.9% | 12.5% |
| PBT | 52.91 | 40.3% | 9.1% |
| Net Profit | 52.68 | 40.5% | 9.5% |
| OPM | 6.58% | 4.35pp | 1.26pp |
| NPM | 5.74% | 4.46pp | 1.30pp |
| EPS | 2.71 | 40.7% | 10.3% |
Tilaknagar Industries Announces Q2 & H1 FY26 Results: 14.4% H1 Revenue Growth, 24.5% PAT Growth
13 Nov 2025 · 13 Nov 2025, 08:12 pm
Summary
Tilaknagar Industries, the maker of Mansion House Brandy, has announced its financial results for the quarter ended September 30, 2025. The company has reported a 9.3% growth in revenue for H1 FY26 and a 24.5% growth in PAT for the same period.
Key Highlights
- 1
Q2 FY26 revenue at Rs. 398 Cr; 9.3% growth
- 2
H1 FY26 revenue at Rs. 769 Cr; 14.4% growth
- 3
Q2 FY26 EBITDA at Rs. 60 Cr; 8.2% growth
- 4
H1 FY26 EBITDA at Rs. 116 Cr; 15.8% growth
- 5
Q2 FY26 PAT at Rs. 53 Cr; 10.0% growth
- 6
H1 FY26 PAT at Rs. 103 Cr; 24.5% growth
- 7
Highest ever Q2 volume of 34.2 lacs cases
- 8
Volumes grew by 16.2% YoY in Q2 FY26
- 9
Volumes grew by 21% YoY in H1 FY26
- 10
EBITDA margin at 15.1% in Q2 FY26
- 11
EBITDA margin of 19.2% in H1 FY26 (adjusted for subsidy)
- 12
YoY EBITDA growth of 8.2% in Q2 FY26 (adjusted for subsidy)
- 13
YoY EBITDA growth of 15.8% in H1 FY26 (adjusted for subsidy)
- 14
A&P reinvestment rate increased from 0.6% in Q2 FY25 to 2.1% in Q2 FY26
- 15
PAT margin at 13.2%, adjusted for subsidy in H1 FY26
- 16
Reported EPS (Diluted) stood at Rs. 2.69 per share in Q2 FY26
- 17
Reported EPS (Diluted) stood at Rs. 7.21 per share in H1 FY26
Management Comments
Mr. Amit Dahanukar
Chairman & Managing Director
l am pleased to share that during the quarter, we gained market share across most key markets, driven by the strong performance of our existing portfolio, which continued to take share from competition and by incremental gains from the introduction of brands in new territories. The quarter also saw the introduction of Mansion House Whisky in Odisha, Telangana and Kerala, and the launch of Monarch Legacy Edition Brandy in Hyderabad Duty Free, Odisha, Kerala and Karnataka. We also made a follow-on investment of INR 10.66 crore in SSL in August 2025. With this investment, Tilaknagar Industries’ stake in SSL has increased from 12.98% to 21.36% on a fully diluted basis. On the financials front, EBITDA in Q2 stood at INR 60 crore; adjusted for the subsidy income, year-on-year growth of 8.2%, while EBITDA margins stood at 15.1%, with doubling down on A&P reinvestment rates ahead of the festive season. In Q2 we also strengthened our org structure in anticipation of Imperial Blue business coming into our fold very soon. I would also like to highlight that we achieved a major milestone in the acquisition of the Imperial Blue business division from Pernod Ricard India. The Competition Commission of India (CCl) granted approval for the transaction on 7th October 2025. We have made substantial progress on the integration front, with a number of talented professionals joining us across various functions, further strengthening our organizational capabilities. The transaction is expected to be completed in Q3 FY26, and we look forward to welcoming Imperial Blue into our fold.
Informational and educational content only. Not investment advice.