INDIA: Tilaknagar Industries open to deals after Pernod Ricard, Suntory reports

By | 8 August 2013

Tilaknagar has discussed the possibility of tie-ups

Tilaknagar has discussed the possibility of tie-ups

Tilaknagar Industries has confirmed that it has looked at a variety of tie-ups after reports that Pernod Ricard and Suntory were looking to invest in the Indian group. 

The company, which produces around 40 Indian Made Foreign Liquor Brands, did not comment directly on yesterday's report in the country's Business Standard newspaper. But, in a statement to the Bombay Stock Exchange today (8 August) the company said at "several" times it has been "exploring various types of business associations, tie-ups, relationships ... across players in the domestic and international markets".

The group, which yesterday reported a jumped in Q1 sales and profits, said the discussions "may or may not" come to fruition. 

When contacted by just-drinks today (8 August), a spokesperson for Pernod Ricard said the company will not comment during its closed period. 

Nobody from Suntory was immediately available for comment. 

To read an exclusive in-depth focus on Tilaknagar Industries, click here.

Expert analysis

The Future of the Spirits Market in India to 2017

The report presents detailed data on the Spirits consumption trends in India, historic and forecast consumption volume and value at market and category level, brand share, alcoholic strength, price segmentation data, and distribution channel data.

Sectors: Emerging markets – BRIC, Spirits

Companies: Pernod Ricard, Suntory, Ricard

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INDIA: Tilaknagar Industries open to deals after Pernod Ricard, Suntory reports

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