Breweries & Distilleries company Tilaknagar Industries announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Volume growth of 20.1% YoY, mainly driven by strong growth in Andhra Pradesh, Karnataka and Tamil Nadu Net revenue from operations stands at Rs 406 crore v/s Rs 359 crore i.e. 13.1% YoY growth; revenue growth lower than volume growth due to price reduction taken in Andhra Pradesh in Q3FY25 EBITDA grew by 62.6% to Rs 78 crore v/s Rs 48 crore; adjusted for subsidy income, the EBITDA stands at Rs 65 crore i.e. a growth of 35.5% YoY Adjusted for subsidy, EBITDA margin improved by 319 basis points YoY, standing at 16.6% as against 13.4% PAT excl. exceptional items increased by 95.7% to Rs 77 crore from Rs 40 crore; adjusted for subsidy, PAT excl. exceptional items increased by 62.6% YoY to Rs 64 crore Reported EPS (Diluted) stood at Rs 3.98 per share FY25 Financial Highlights: Volume growth of 6.7% YoY, primarily due to industry-wide disruptions in some of the key states during the first nine months of FY25 Net revenue from operations stands at Rs 1,434 crore v/s Rs 1,394 crore i.e. 2.9% YoY growth; revenue growth lower than volume growth due to price reduction taken in Andhra Pradesh in Q3FY25 EBITDA grew by 37.4% to Rs 255 crore v/s Rs 185 crore; adjusted for subsidy income, the EBITDA stands at Rs 226 crore i.e. a growth of 21.8% YoY Adjusted for subsidy, EBITDA margin improved by 277 basis points, standing at 16.1% as against 13.3% PAT excl. exceptional items increased by 62.9% to Rs 230 crore from Rs 141 crore; adjusted for subsidy, PAT excl. exceptional items increased by 42.3% to Rs 201 crore Reported EPS (Diluted) stood at Rs 11.81 per share Commenting on the performance, Amit Dahanukar, Chairman & Managing Director, said “Q4FY25 has seen a very strong close to the year; with high volume and value-led growth. Quarterly growth was driven by resumption of strong performance in our largest state of Andhra Pradesh (“AP”), both on YoY and QoQ terms. The Route to Market (“RTM”) change in AP is completed, and we expect our performance in the state to continue its growth trajectory, in-line with the industry. AP has been well supported by our other Southern states, each of which have seen market share improvements. On the profitability front, we have seen strong growth in subsidy-adjusted EBITDA for Q4FY25 at Rs 65 crore (+35.5% YoY) with 16.6% margins. I am very proud to share that this is our highest-ever quarterly EBITDA. For FY25, the subsidy-adjusted EBITDA stands at Rs 226 crore, with margin at 16.1%. The growth in profitability has been aided by strong volume growth, operating leverage and disciplined cost management. Our focused drive on cash flow management continues, and we now stand at a net cash level of Rs 107 crore, showcasing our Balance Sheet strength. I am also happy to share that the Board of Directors has recommended Dividend of Rs 1/- per equity share for FY 2024-25 to the members at the ensuing Annual General Meeting.” Result PDF