- Third quarter of fiscal 2026 – three months to the end of December – sees sales increase by 95% to INR6.64bn (US$73.19m)
- Nine-month sales rise 43%, totalling INR14.71bn (US$162.1m)
Tilaknagar Industries has posted a “robust” 95% rise in sales from its fiscal third quarter, following the Indian group’s purchase of the Imperial Blue whisky brand last year.
The Indian-made-foreign-liquor (IMFL) company saw sales in the three months to the end of December reach INR6.64bn (US$73.19m), a year-on-year leap of approaching 100%. Volumes also soared, by 76.1% to 5.3m nine-litre cases – including 1.8m nine-litre cases of Imperial Blue from its first month of sales in December.
For the first nine months of the company’s fiscal year (which runs to the end of March), sales were up by 43%. Volumes increased by 40.5% to 11.9m nine-litre cases.
As well as the increase in sales thanks to the Imperial Blue acquisition from Pernod Ricard, the Mansion House brandy owner also put the results down to “a favourable product mix and impact of continued premiumisation”.
Tilaknagar’s MD Amit Dahanukar said: “As we progress with the integration of Imperial Blue into our portfolio, we have established dedicated work-streams across operations, distribution, systems and human capital to ensure a smooth transition and synergy realisation, strengthening our pan-India presence.
“The coming quarters will be pivotal as we complete the integration of Imperial Blue into Tilaknagar Industries,” he added.
Last year, the company upped its stake in domestic gin producer Spaceman Spirits Lab from 13% to just over 21% through an INR106.6m investment. In the Q3 results presentation, group CSO Ameya Deshpande hinted at further M&A plans, saying: “We continue to actively evaluate scalable opportunities in the craft space to drive category expansion and enter new premium verticals.”
Tilaknagar has also been working to increase its domestic distribution footprint since completing the Imperial Blue transaction.
