This multibagger stock reports 225 per cent jump in net profit; do you own it?
The company's net profit soared by an impressive 225.80 per cent from the corresponding quarter of the previous year
On Wednesday, shares of Tilaknagar Industries surged by more than 4.44 per cent to record an intraday high of Rs 139.90 apiece on BSE. The scrip witnessed massive spurt in volume.
During the fourth quarter of FY23, the company experienced a significant surge in revenue from operations, with a remarkable growth of 48.30 per cent compared to the same quarter of the previous year. This resulted in the highest-ever quarterly net revenues recorded at Rs 357.45 crore. The company's EBITDA level reached Rs 43.47 crore, showing a remarkable surge of 68.6 per cent compared to the previous quarter in March 2022. Additionally, the company's net profit soared by an impressive 225.80 per cent from the corresponding quarter of the previous year, reaching Rs 32.69 crore
The growth is primarily fuelled by the impressive performance of Mansion House Brandy, which has experienced a year-on-year growth of 40 per cent and Courrier Napoleon Brandy, which has seen a growth of 50 per cent. Both of these brands have achieved millionaire status.
The introduction of Mansion House Flavoured Brandy (Flandy) in Puducherry, followed by Telangana, has contributed to this growth. Flandy is a ground-breaking innovation in the industry, specifically designed to cater to the younger and more discerning consumer base. It has been enthusiastically embraced by consumers, receiving excellent feedback. Furthermore, the launch of Mansion House Reserve Brandy, the premium variation of Mansion House Brandy, in the state of Tamil Nadu has also played a role in the brand's expansion.
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Tilaknagar Industries Ltd. is primarily involved in manufacturing and sale of Indian Made Foreign Liquor (IMFL). The company has a strong and diverse portfolio of brands in various liquor categories including brandy, whisky, vodka, gin and rum.
The stock has witnessed significant buying activity as it has given multibagger returns of more than 137 per cent in just 1 year. Moreover, the stock has surged more than 40 per cent in just 6 months. Keep a close eye on this trending stock.