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Tilaknagar Industries Ltd

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Tilaknagar Industries Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹552
Market cap₹13.7K Cr
P/E60.5
Updated16 Oct 2026
Read4 min read

The short version

For FY26, Tilaknagar expects mid-teen volume growth on a standalone basis. Tilaknagar Industries expects mid-teen volume growth for FY26, with low double-digit to early teens growth projected for FY27 and FY28 on a standalone basis.

From Tilaknagar Industries Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • For FY26, Tilaknagar expects mid-teen volume growth on a standalone basis.
  • FY27 and FY28 volume growth is projected to be in low double digits to early teens.
  • Revenue growth for FY26 is anticipated to be marginally lower than volume growth due to a higher base in NSR in H1 FY25.
  • From FY27 onwards, revenue growth is expected to outpace volume growth by around 200 to 300 basis points.
  • EBITDA margins for FY26 are expected to be similar or slightly higher than H1 FY26 levels; for FY27-FY28, margins are targeted around 16% on a standalone basis.

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Profitability & Margins

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Capital Expenditure Plans

  • Expansion of Prag distillery capacity from 6 lakh cases to 36 lakh cases per annum, a critical project for Andhra Pradesh, with commissioning expected in the first half of FY27. Capex outlay is around Rs. 59 crore, with Rs. 34 crore already paid and equipment orders underway (Page 6).
  • The Imperial Blue acquisition is being funded by an almost equal mix of debt and equity, with prudent capital management. The deal is expected to close in Q3 FY26 (Pages 3, 10, 12).
  • Increasing A&SP investments to support brand premiumization and marketing efforts (Page 3).

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Top-ranked in Beverages

Ranked on what management guided this quarter

Guidance-ranked
1Piccadily Agro Industries Ltd
Rev 1Mar 3
2Varun Beverages
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 3Mar 1
5
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

The transcript and document do not provide specific details on current or expected orderbook or pending orders for Tilaknagar Industries. Key points related to operations and outlook include: - The company is focused on strategic growth and expansion, especially with the pending acquisition of Imperial Blue, expected to close in Q3 FY26. - Expansion of the Prag distillery capacity from 6 lakh to 36 lakh cases per annum, expected to be commissioned by H1 FY27. - Continued growth in volumes and revenues, with mid-teen volume growth expected for FY26 and low double-digit to early teens growth in FY27 and FY28.

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Tilaknagar Industries Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Sep 2024Q2 FY25
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26

Reported quarterly figures (₹ Cr). Latest (Q3 FY26): revenue ₹664 Cr, net loss ₹105 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Tilaknagar Industries Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Tilaknagar Industries Ltd Q2 FY26 results?

For FY26, Tilaknagar expects mid-teen volume growth on a standalone basis. Tilaknagar Industries expects mid-teen volume growth for FY26, with low double-digit to early teens growth projected for FY27 and FY28 on a standalone basis.

What is Tilaknagar Industries Ltd share price analysis?

Tilaknagar Industries Ltd currently shows a neutral. The stock trades at a P/E of 60.5 with a market cap of ₹13,673 Cr. Investors should review the full earnings analysis for detailed insights.

Is Tilaknagar Industries Ltd planning capital expenditure?

Expansion of Prag distillery capacity from 6 lakh cases to 36 lakh cases per annum, a critical project for Andhra Pradesh, with commissioning expected in the first half of FY27.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.