Tilaknagar Industries Ltd (Alcoholic Beverages) — fundamental analysis, earnings data, and key metrics. PE: 37.6. ROE: 29.6%. This stock is not currently in the Nifty 500 momentum outperformers list.
Based on Q3 FY26 earnings • Updated Mar 7, 2026
What: Full integration expected to eliminate TSMA costs and drive margin expansion
Impact: +₹350 Cr revenue
“We are planning a phase-wise exit from TSMA with the aim of getting significant operations under TI belt by Q4 FY26”
What: EBITDA margin expected to expand from current 14.0% as integration completes
“Right now we do see that the margins are going to expand I've guided towards that as well right and hopefully that will show through in the numbers as well going forward”
What: High single-digit volume growth expected for Imperial Blue in Q4 FY26
Impact: +₹150 Cr revenue
“Even amidst integration exercise, we expect to register a high single-digit volume growth for IB in Q4 FY26”
Earnings deceleration risks from management commentary
Trigger: If integration not completed by Q4 FY26
Impact: -200 bps margin impact
Management view: Despite a strong start for TI for IB under TI ownership, the brand will witness a low to mid single-digit volume degrowth in FY26 as compared to FY25 on account of TI's performance in the 8 [months prior to acquisition]
Monitor: TSMA costs as % of revenue
Trigger: If A&P rate remains elevated
Impact: -150 bps margin impact
Management view: A&P reinvestment rate (as % of subsidy-adjusted net revenue) increased from 1.1% in Q3 FY25 to 1.2% in Q3 FY26
Monitor: A&P as % of revenue
Key quotes from recent conference calls
“We are planning a phase-wise exit from TSMA with the aim of getting significant operations under TI belt by Q4 FY26 — Management”
“Right now we do see that the margins are going to expand I've guided towards that as well right and hopefully that will show through in the numbers as well going forward — Management”
“Even amidst integration exercise, we expect to register a high single-digit volume growth for IB in Q4 FY26 — Management”
“Despite a strong start for TI for IB under TI ownership, the brand will witness a low to mid single-digit volume degrowth in FY26 as compared to FY25 on account of TI's performance in the 8 — Management”
Forward-looking targets from management for FY27
Implied PAT Growth
25%
Key Milestones
• Full IB integration by Q4 FY26
• Margin expansion in FY27
• High single-digit IB volume growth in Q4 FY26
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Mar 7, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Tilaknagar Industries Ltd's latest quarterly results (Dec 2025) show
Tilaknagar Industries Ltd's current PE ratio is 37.6x.
Tilaknagar Industries Ltd's price-to-book ratio is 5.3x.
Tilaknagar Industries Ltd's fundamental strength based on key financial ratios
Tilaknagar Industries Ltd has a debt-to-equity ratio of N/A.
Tilaknagar Industries Ltd's return ratios over recent years
Tilaknagar Industries Ltd's operating cash flow is positive (FY2025).
Tilaknagar Industries Ltd's current dividend yield is 0.23%.
Tilaknagar Industries Ltd's shareholding pattern (Dec 2025)
Tilaknagar Industries Ltd's promoter holding has decreased recently.
Tilaknagar Industries Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
Tilaknagar Industries Ltd has 3 key growth catalysts identified from recent earnings analysis
Tilaknagar Industries Ltd has 2 key risks worth monitoring
In Q3 FY26, Tilaknagar Industries Ltd's management highlighted
Tilaknagar Industries Ltd's management has provided the following forward guidance for FY27
Based on quantitative research signals, here is why Tilaknagar Industries Ltd may be worth studying
Tilaknagar Industries Ltd investment thesis summary:
Tilaknagar Industries Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
