Breweries & Distilleries company Tilaknagar Industries announced Q4FY26 & FY26 results Q4FY26 Consolidated Financial Highlights: Revenue from Operations: Stood at Rs 2,09,012.26 lakh, registering a substantial YoY growth of 143.33% compared to Rs 85,897.56 lakh in Q4FY25, and a QoQ growth of 48.04% compared to Rs 1,41,188.33 lakh in Q3FY26. Total Income: Reached Rs 2,09,712.85 lakh, showcasing a YoY increase of 141.77% (from Rs 86,742.30 lakh in Q4FY25) and a QoQ increase of 47.21% (from Rs 1,42,455.01 lakh in Q3FY26). Profit/(Loss) Before Tax (PBT): Reported a loss of Rs 1,539.28 lakh, swinging from a profit of Rs 7,731.49 lakh in Q4FY25. However, on a QoQ basis, the loss narrowed significantly by 85.42% from Rs 10,556.79 lakh in Q3FY26. Profit/(Loss) for the Period (PAT): Stood at a loss of Rs 1,490.65 lakh, swinging from a profit of Rs 7,734.79 lakh in Q4FY25. Sequentially, the net loss narrowed by 85.86% from a loss of Rs 10,540.84 lakh in Q3FY26. FY26 Consolidated Financial Highlights: Revenue from Operations: Grew strongly by 68.14% YoY to Rs 5,24,757.61 lakh in FY26, compared to Rs 3,12,098.23 lakh in FY25. Total Income: Increased by 68.03% YoY to Rs 5,27,365.77 lakh, up from Rs 3,13,854.79 lakh in the previous financial year. Profit Before Tax (PBT): Stood at Rs 2,057.75 lakh, marking a 91.04% decrease over Rs 22,977.97 lakh reported in FY25. Profit for the Year (PAT): Reported at Rs 2,087.02 lakh, reflecting a 90.91% YoY decline from Rs 22,959.29 lakh in FY25. Q4FY26 Standalone Financial Highlights: Revenue from Operations: Reached Rs 2,09,012.09 lakh, increasing by 143.33% YoY (vs Rs 85,897.56 lakh in Q4FY25) and 48.04% QoQ (vs Rs 1,41,188.33 lakh in Q3FY26). Total Income: Stood at Rs 2,09,456.93 lakh, up by 141.54% YoY (vs Rs 86,716.05 lakh in Q4FY25) and 46.95% QoQ (vs Rs 1,42,537.73 lakh in Q3FY26). Profit/(Loss) Before Tax (PBT): Reported a loss of Rs 1,689.05 lakh, swinging from a profit of Rs 8,699.70 lakh in Q4FY25, but narrowing by 83.82% QoQ compared to a loss of Rs 10,437.88 lakh in Q3FY26. Profit/(Loss) for the Period (PAT): Stood at a loss of Rs 1,689.05 lakh, swinging from a net profit of Rs 8,700.35 lakh in Q4FY25. Sequentially, the loss narrowed by 83.82% from Rs 10,437.88 lakh in Q3FY26. FY26 Standalone Financial Highlights: Revenue from Operations: Grew to Rs 5,24,757.44 lakh, a rise of 68.14% from Rs 3,12,098.23 lakh in FY25. Total Income: Amounted to Rs 5,27,259.58 lakh, increasing by 68.03% from Rs 3,13,791.56 lakh in FY25. Profit Before Tax (PBT): Stood at Rs 2,054.83 lakh, marking a 91.42% YoY decrease compared to Rs 23,942.35 lakh in FY25. Profit for the Year (PAT): Reported at Rs 2,054.83 lakh, declining by 91.42% YoY from Rs 23,943.00 lakh in FY25. Business & Segment Highlights: Segment-wise Performance: The company is predominantly engaged in the business of manufacture and sale of Indian Made Foreign Liquor (IMFL) and its related products, which constitute a single business segment. Dividend Announcement: The Board of Directors recommended a payment of dividend of Rs 1 per equity share having a face value of Rs 10 each (i.e., 10%) for FY26. Imperial Blue Acquisition: The company completed the acquisition of the Imperial Blue business division from Pernod Ricard India Private Limited for a lump-sum cash consideration of Rs 3,442 crore, subject to post-closing adjustments. A deferred consideration of EUR 28 million (approximately Rs 290 crore) is payable after four years. The acquisition includes the brand Imperial Blue, Imperial Black, and Imperial Red. International Subsidiary Expansion: The Board approved the incorporation of a wholly-owned subsidiary in Nigeria to manufacture, import, distribute, and sell "Imperial Blue" in its own name. Internal Amalgamation: The Board approved the Composite Scheme of Amalgamation of two wholly-owned subsidiaries—Punjabexpo Breweries Private Limited and Vahni Distilleries Private Limited—into the Company, with an appointed date proposed as April 1, 2026. Capital Allotment: The company allotted 1,43,80,000 Equity Shares at a price of Rs 382 per share for an amount aggregating to Rs 5,49,31,60,000 to the non-promoter category on a preferential basis. The company also issued 4,57,15,000 Convertible Warrants at a price of Rs 382 per warrant for an amount aggregating to Rs 1,746,31,30,000 to the promoter & non-promoter category. Allotted 3,03,050 equity shares under the company's ESOP schemes, increasing the paid-up equity share capital to Rs 2,47,47,38,750. Subsidy Incentives: The Revenue from Operations includes Rs 858.45 lakh for Q4FY26 and Rs 6,692.44 lakh for FY26 received as a partial subsidy from the Government of Maharashtra under the Package Scheme of Incentives, 2007. Exceptional Items: The standalone financial results recognized acquisition-related expenses of Rs 5,064.66 lakh for Q4FY26 and Rs 22,006.72 lakh for FY26 under Exceptional Items. Furthermore, the company recorded an incremental impact on retiral benefits amounting to Rs 1,189.83 lakh for FY26 owing to the newly notified Labour Codes. Amit Dahanukar, Chairman & Managing Director, said, “I am happy to announce that we have reached a sales volume of ~20 million cases in FY26 including 4 months of Imperial Blue under TI ownership, with Mansion House Brandy reaching a record 10 million cases sale in FY26, cementing its position as India’s largest P&A; brandy. We have delivered a YoY volume growth of 68% for FY26 on combined business, wherein the ex-IB business has delivered a 14% growth in FY26 vs FY25. Q4FY26 was the first full quarter of IB operations under TI ownership. Volumes grew by 135% YoY to cross 8 mn cases for the combined business. During the quarter, IB business (ex-Maharashtra) grew at 9% in volume terms compared to Q4FY25. With a large part of the manufacturing transition already completed or planned, and the entire team built across functions, our immediate target as an organization for the next 3 years is broadly divided into 4 parts: Continue our journey to generate and fulfil demand for our brands – deliver a double-digit volume growth. Optimize packaging, processes & supply chain and reap benefits of operating leverage & economies of scale – achieve an EBITDA margin of 16-18% on combined business. Focus on efficient capital deployment, disciplined debt management and working capital investments – reduce Net Debt / EBITDA below 1.0x. Ride on the Pan-India distribution strength of Imperial Blue and Mansion House franchises to expand the luxury and premium portfolio, both – owned by TI and our strategic investments. As a run-up to Q1FY27, I wanted to also update on the integration of Imperial Blue business. We have now exited the Transition Services & Manufacturing Agreement (“TSMA”) for ~75% of the IB business and have now taken over manufacturing operations in these states. The remaining states are expected to come into TI over the next few quarters. We have commenced production in all states where we exited TSMA at the end of Q4FY26.” Result PDF