INDIA: Tilaknagar Industries sees Q3 figures rise across the board
Tilaknagar Industries has posted a lift in sales and profits for its fiscal Q3.
The Indian firm, which operates in the Indian Made Foreign Liquor (IMFL) sector, said earlier this week that total sales in the three months to the end of December registered a 12.9% climb on the corresponding period a year earlier, to INR1.29bn (US$28.3m). EBITDA leapt by 38.4% in the quarter, to INR299.1m, as volumes increased by 42% to 2.9m cases.
For the first nine months of the fiscal year, sales climbed by 35.5% to INR3.42bn, while EBITDA was up by 78.4% to INR838.8m. Volumes delivered a 46% jump to 7.8m cases.
“TI’s core business is fundamentally strong,” said company chairman and managing director Amit Dahanukar. “Led by the advantages of our business model and operating strengths, we have not only been able to efficiently withstand the cost pressures prevalent in the industry, but also further invest in our brands.”
To read the official release, click here.
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