Summary of Key Information:
Reporting Period: Quarter and Financial Year ended March 31, 2026
Nature of Filing / Announcement: Regulation 30 of SEBI (LODR) Regulations, 2015 - Outcome of Board Meeting
Audit Opinion:
Qualified Opinion - Statutory Auditors Harshil Shah & Company issued qualified opinion for both standalone and consolidated financial results.
Key Financial Highlights [₹ in Lacs]:
Standalone Results:
Quarter ended March 31, 2026:
- Revenue from Operations: ₹2,09,012.09
- Total Income: ₹2,09,456.93
- Net Profit: (₹1,689.05) loss
- EPS: (₹0.68) basic and diluted
Year ended March 31, 2026:
- Revenue from Operations: ₹5,24,757.44
- Total Income: ₹5,27,259.58
- Net Profit: ₹2,054.83
- EPS: ₹0.96 basic, ₹0.95 diluted
- Other Equity: ₹2,75,456.96
- Cash and Cash Equivalents: ₹21,737.94
- Debt: Borrowings ₹2,02,772.62 (non-current) + ₹26,605.42 (current) = ₹2,29,378.04 total
Consolidated Results:
Quarter ended March 31, 2026:
- Revenue from Operations: ₹2,09,012.26
- Total Income: ₹2,09,712.85
- Net Profit: (₹1,490.65) loss
- EPS: (₹0.60) basic and diluted
Year ended March 31, 2026:
- Revenue from Operations: ₹5,24,757.61
- Total Income: ₹5,27,365.77
- Net Profit: ₹2,087.02
- EPS: ₹0.97 basic, ₹0.96 diluted
- Other Equity: ₹2,73,454.10
- Cash and Cash Equivalents: ₹21,820.46
- Debt: Borrowings ₹2,02,772.62 (non-current) + ₹26,719.42 (current) = ₹2,29,492.04 total
Segment-wise Performance:
The Group is predominantly engaged in the business of manufacture and sale of Indian Made Foreign Liquor (IMFL) and its related products, which constitute a single business segment as per IND-AS 108: Operating Segments. Accordingly there is no other separate segment.
Corporate Actions:
- Dividend: Recommended dividend of ₹1 per equity share (10%) having face value of ₹10 each for FY 2025-26, subject to approval at ensuing AGM
- ESOP Allotment: Allotment of 303,050 equity shares under ESOP 2010 and 2012 schemes to employees
- Capital Change: Paid-up equity share capital increased from ₹247,17,08,250 to ₹247,47,38,750 post ESOP allotment
Other Significant Information:
- Imperial Blue Acquisition: Completed acquisition of Imperial Blue business division from Pernod Ricard India Private Limited for ₹3,442 crore lump-sum cash consideration plus EUR 28 million deferred consideration. Acquisition-related expenses of ₹22,006.72 lakhs treated as exceptional items.
- Nigeria Subsidiary: Approved incorporation of wholly-owned subsidiary in Nigeria with investment up to ₹30,00,00,000 in one or more tranches
- Amalgamation Scheme: Approved composite scheme of amalgamation of two wholly-owned subsidiaries (Punjabexpo Breweries Private Limited and Vahni Distilleries Private Limited) with Tilaknagar Industries Limited, with appointed date proposed as April 1, 2026
- Labour Code Impact: Estimated incremental impact of ₹1,189.83 lakhs on retiral benefits due to new Labour Codes, treated as exceptional item
- Government Subsidy: Revenue includes ₹6,692.44 lakhs received as partial subsidy from Government of Maharashtra under Package Scheme of Incentives, 2007
- Brand Litigation: Ongoing brand ownership dispute in Bombay High Court, with next hearing scheduled for June 15, 2026
Entities in Consolidation:
Subsidiaries: Prag Distillery (P) Ltd, Vahni Distilleries Pvt. Ltd, Punjab Expo Breweries Pvt. Ltd, Shivprabha Sugars Ltd, Grain & Grape Works Pvt. Ltd (w.e.f. July 22, 2025)
Associates: Round the Cocktails Private Limited, Spaceman Spirits Lab Pvt. Ltd (w.e.f. August 06, 2025), Mason & Summers Marketing Services Pvt. Ltd