Tilaknagar Industries Limited

rs,

May 14, 2025 To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400001 Scrip Code : 507205 To, National Stock Exchange of India Limited E

Rs. 1

rman & Managing Director Happy to share that the Board of Directors has recommended Dividend of Rs. 1/- per equity share for FY 2024-25 to the members at the ensuing Annual General Meeting Tilakn

Rs. 65

On the profitability front, we have seen strong growth in subsidy-adjusted EBITDA for Q4 FY25 at Rs. 65 crs (+35.5% YoY) with 16.6% margins. I am very proud to share that this is our highest-ever quarter

35.5%

itability front, we have seen strong growth in subsidy-adjusted EBITDA for Q4 FY25 at Rs. 65 crs (+35.5% YoY) with 16.6% margins. I am very proud to share that this is our highest-ever quarterly EBITDA.

16.6%

we have seen strong growth in subsidy-adjusted EBITDA for Q4 FY25 at Rs. 65 crs (+35.5% YoY) with 16.6% margins. I am very proud to share that this is our highest-ever quarterly EBITDA. For FY25, the su

Rs. 226

re that this is our highest-ever quarterly EBITDA. For FY25, the subsidy-adjusted EBITDA stands at Rs. 226 crs, with margin at 16.1%. The growth in profitability has been aided by strong volume growth, oper

16.1%

ever quarterly EBITDA. For FY25, the subsidy-adjusted EBITDA stands at Rs. 226 crs, with margin at 16.1%. The growth in profitability has been aided by strong volume growth, operating leverage and discip

Rs. 107

nt. Our focused drive on cash flow management continues, and we now stand at a net cash level of Rs. 107 crs, showcasing our Balance Sheet strength. On the portfolio front, I am happy to share that our f

20.1%

ween SSL and TI. “ 4 Q4 & FY25 – Key highlights Q4 FY25 Volume performance: ▪ Volume growth of 20.1% YoY ‒ Back to strong growth trajectory ‒ AP RTM transition completed ‒ Strong market share gains a

Rs. 406

ompleted ‒ Strong market share gains across all key states Financial performance: ▪ Net revenue of Rs. 406 crs; growth of 13.1% YoY ‒ Subdued growth vis-à-vis volume growth due to reduction in price in th

13.1%

t share gains across all key states Financial performance: ▪ Net revenue of Rs. 406 crs; growth of 13.1% YoY ‒ Subdued growth vis-à-vis volume growth due to reduction in price in the key state of AP fr

19.2%

vis volume growth due to reduction in price in the key state of AP from Q3 FY25 onwards ‒ Strong 19.2% QoQ net revenue growth vis-à-vis volume growth of 13.5% (QoQ); adjusted for subsidy income, net r

“406 crs; growth of 13.1% YoY ‒ Subdued growth vis-à-vis volume growth due to reduction in price in the key state of AP from Q3 FY25 onwards ‒ Strong 19.2% QoQ net revenue growth vis-à-vis volume growth of 13.5% (QoQ); adjusted for subsidy income, net revenue growth of 15.4% QoQ, indicating continuing premiumization trend ▪ EBITDA at Rs.”

“▪ Volume growth of 6.7% YoY; 5-yr (FY20-25) CAGR of 13.1% ‒ Subdued growth in first 9 months of FY25 due to industry- wide disruptions in some of the key states”

“1,434 crs; growth of 2.9% YoY; impact due to price reduction taken in AP as well as subdued volume growth in first 9 months of FY25 ▪ EBITDA of Rs.”

“230 crs for FY25 (+62.9% YoY) ‒ Adjusted for subsidy, PAT Rs.”

“107 crs as on Mar-25 ▪ 3rd largest P&A IMFL player in Telangana and Karnataka, largest IMFL player in Puducherry in FY25 ▪ Dividend of Rs.”

“1 per share recommended by Board for FY25 Tilaknagar Industries Ltd.”

“65 crs and margin at 16.6% and for FY25 stands at Rs.”

“6 Q4 FY25 volumes growth at 20.1% YoY… …Closing FY25 at 11.9 mn cases Quarterly volumes (lacs cases) Q4 FY25: Highest-ever quarterly volume since FY15 28.4 26.0 24.3 28.5 29.5 28.5 25.1 25.4 34.2 30.1 29.4 18.5 17.6 13.5 14.7 17.2 16.5 14.9 18.7 18.1 19.5 17.7 11.1 6.0 FY20 FY21 FY22 FY23 FY24 FY25 Tilaknagar Industries Ltd.”

“▪ Continuously growing market share in the Premium Gin segment; currently at 6-7% ▪ ▪ FY25 net revenue (provisional) of Rs.”

“25 crs FY25 volumes of 27,000+ cases ▪ NSR of Rs.”

Category

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Categories

5

Volume performance

2

Financial performance

2

Other material highlights

1

Tasting notes

1

Also won

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Performance

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Investment Thesis

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Volume performance

▪ Volume growth of 20.1% YoY ‒ Back to strong growth trajectory ‒ AP RTM transition completed ‒ Strong market share gains across all key states

Financial performance

▪ Net revenue of Rs. 406 crs; growth of 13.1% YoY ‒ Subdued growth vis-à-vis volume growth due to reduction in price in the key state of AP from Q3 FY25 onwards ‒ Strong 19.2% QoQ net revenue growth vis-à-vis volume growth of 13.5% (QoQ); adjusted for subsidy income, net revenue growth of 15.4% QoQ, indicating continuing premiumization trend ▪ EBITDA at Rs. 78 crs (+62.6% YoY); highest ever quarterly EBITDA ‒ EBITDA margin of 19.3% ‒ Adjusted for subsidy, EBITDA at Rs. 65 crs (+35.5% YoY); EBITDA margin of 16.6% ▪ Profit after tax at Rs. 77 crs (+95.7% YoY) ‒ Adjusted for subsidy, PAT at Rs. 64 crs (+62.6% YoY) FY25

Volume performance

▪ Volume growth of 6.7% YoY; 5-yr (FY20-25) CAGR of 13.1% ‒ Subdued growth in first 9 months of FY25 due to industry- wide disruptions in some of the key states

Financial performance

▪ Net revenue of Rs. 1,434 crs; growth of 2.9% YoY; impact due to price reduction taken in AP as well as subdued volume growth in first 9 months of FY25 ▪ EBITDA of Rs. 255 crs (+37.4% YoY) ‒ Adjusted for subsidy EBITDA of Rs. 226 crs (+21.8% YoY); EBITDA margin of 16.1% ▪ Profit after tax at Rs. 230 crs for FY25 (+62.9% YoY) ‒ Adjusted for subsidy, PAT Rs. 201 crs (+42.3% YoY)

Other material highlights

▪ Gross debt further reduced; strong net cash position of Rs. 107 crs as on Mar-25 ▪ 3rd largest P&A IMFL player in Telangana and Karnataka, largest IMFL player in Puducherry in FY25 ▪ Dividend of Rs. 1 per share recommended by Board for FY25 Tilaknagar Industries Ltd. 5 Q4 FY25 – Back to industry-beating growth… …after moderate growth seen in first 9 months of FY25 due to industry-wide issues in certain key Southern states NSR* (₹ per case) Revenue (₹ crs) Quarter -8.6% 1,293 1,182 1,400 1,300 1,200 1,100 1,000 900 800 700 600 500 Full Year -5.3% 1,282 1,214 1,400 1,300 1,200 1,100 1,000 900 800 700 600 500 Quarter +13.1% 359 406 440 390 340 290 240 190 140 90 40 1,500 1,400 1,300 1,200 1,100 1,000 900 800 700 600 500 Full Year +2.9% 1,394 1,434 Q4 FY24 Q4 FY25 FY24 FY25 Q4 FY24 Q4 FY25 FY24 FY25 * Fall in NSR due to price reduction taken in Andhra Pradesh EBITDA (₹ crs) & EBITDA Margin (%) PAT (₹ crs) & PAT Margin (%) Quarter Full Year Quarter Full Year Margin 13.4% 19.3% 13.3% 17.8%

Tasting notes

‒ Aroma: Rich grape and fruit aromas, hints of apple, nutmeg and subtle tobacco ‒ Taste: Gentle sweetness transitioning into creamy oak and indulgent dried fruits ‒ Finish: Lingering notes of cinnamon, peach and clove, reminiscent of Cognac Tilaknagar Industries Ltd. Click here for Monarch AV 14 Monarch wins Bronze Medal at the London Spirits Competition 2025… …Only Indian brandy to win ▪ Held annually, the London Spirits Competition is one of the most respected events in the global spirits industry ▪ Judging based on taste, packaging and value by an imminent jury of bartenders, retail buyers, and experts who help shape the world’s top bars and shelves ▪ To ensure that the judging process is fair and transparent, the taste and value scores are assigned through blind tasting. The judges only view the product packaging after all quality and value scores have been entered ▪ Over 500 entries from more than 30 countries in 2025 ▪ Monarch is the only Indian brandy to win at LSC 2025