Tilaknagar Industries shares soar over 8% as Q1 profit more than doubles on strong sales, margins

Tilaknagar Industries shares soared 8.45% to their intraday high of Rs 511.65 on the BSE on Tuesday after the Indian-Made Foreign Liquor (IMFL) maker reported a 121.25% year-on-year rise in net profit to Rs 88.5 crore for Q1FY26, compared to Rs 40 crore in the same period last year.

Revenue from operations grew 30.7% to Rs 409 crore from Rs 313 crore. EBITDA surged 89% to Rs 94.5 crore, while the EBITDA margin expanded 700 bps to 23.1% from 16% in Q1FY25.

The company said its board has approved a capital expenditure of Rs 25 crore for its wholly-owned subsidiary, Prag Distillery, to enhance its existing bottling capacity.

The project will increase Prag’s current capacity from approximately six lakh cases per annum to 36 lakh cases per annum, representing an incremental addition of about 30 lakh cases. The existing capacity is operating at nearly 100% utilisation.

The capacity expansion is expected to be completed within 12 months. The investment will be funded through financial assistance from the holding company to Prag. According to the company, the expenditure aims to meet the growing capacity requirements in Andhra Pradesh.

Tilaknagar Industries shares target price

According to Trendlyne, the average target price for Tilaknagar Industries is Rs 438, indicating a potential downside of around 7% from current levels. One analyst covering the stock, the consensus rating is ‘Strong Buy’.

Also read: PG Electroplast plummets 35% in 5 days amid weak revenue guidance

Tilaknagar Industries shares performance

Tilaknagar Industries shares closed at Rs 471.7 in the previous session, up 0.6% on the BSE, while the benchmark Sensex rose 0.93%. The stock is up 70% in the last three months and has gained 141% over the past two years. The company’s market capitalisation stands at Rs 9,143 crore.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)