Conference Call with Tilaknagar Industries Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Breweries & Distilleries company Tilaknagar Industries announced Q2FY25 results Achieved highest ever quarterly EBITDA in Q2 at Rs 66 crore, YoY growth of 39.1%. EBITDA margin at 17.6%, 422 bps expansion YoY. Profit after tax at Rs 58 crore, YoY growth of 82%; driven by reduction in finance costs. Net debt free as of September 2024, with net cash Rs 25 crore. Amit Dahanukar Chairman & Managing Director, Tilaknagar Industries, said: "I am happy to share that we have turned net debt free as of September 2024. From a peak debt of more than Rs 1,100 crore in March 2019 to achieving net debt-free status, we have come a long way. This transformation was achieved through a combination of financial prudence and achieving industry-beating profitable growth. From a Q2 business perspective, we have delivered our highest-ever EBITDA at Rs 66 crore. Our margins expanded on the back of a superior brand mix as well as cost optimization initiatives. All this despite subdued volume growth on account of the transitioning of RTM in our key state of Andhra Pradesh (“AP”) in Q2. With retail going private in AP from mid-October onwards, we expect to continue with our industry-beating growth trajectory; achieved through a combination of doubling down on our market share gains from our brandy portfolio as well as new product launches across categories. The worst of the inflationary cycle seems behind us, and we expect to grow on our profitability despite increasing investments in A&SP;, providing meaningful ‘Share of Voice’ to brandy as a category". Result PDF