TI Inds hits new high

Tilaknagar Industries TI Industries) is the top gainer on the BSE this morning; the stock opened less than 1% higher at Rs.386.45 and soon jumped 12% higher to hit a new 52-week high at Rs.428.70.

There is no new development as such on the stock, except that post its Q2FY25 performance, it has come onto the radar of analysts and fund managers, seen accumulating the stock.

The company posted a 57% (YoY) jump in consolidated net profit at Rs.58 crore on a 10% rise in revenue from operations at Rs.823 crore. Its EBITDA margins expanded 422 bps to 17.6% and this includes income from the government of Maharashtra towards subsidy to the tune of Rs.10 crore. Even if this is excluded, the margins are  at 15.5%.

The company said that this growth in profitability was due to superior brand-mix as well as effective cost-optimisation initiatives.

The company said that worst of the inflationary cycle was over, it anticipates further growth in profitability in the upcoming quarters. It has estimated to maintain the over 15% EBITDA margin calling it the “new norm.”

It sells brands like Mansion House Brandy, Courrier Napoleon Brandy, Mansion House Gold Whisky and Blue Lagoon Gin.