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    <title>TilakNagar Industries Ltd - Latest Press Releases on ReleaseWire</title>
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      <title>"Tilaknagar Industries Ltd launches Seven Islands Vintage-Single Malt Scotch Whiskey"</title>
      <link>http://www.releasewire.com/press-releases/release-3.htm</link>
      <description><![CDATA[<div class="newsleft"><div class="newsbody"><p class="subheadline">Tilaknagar Industries Ltd launches Seven Islands Vintage-Single Malt Scotch Whiskey</p><p>Mumbai, Maharashtra -- (<a rel="nofollow" href="http://www.sbwire.com/">SBWIRE</a>) -- 05/14/2012 --  For the first time, an Indian company has launched a Luxury Single Malt Scotch Whiskey at a global platform. &apos;Seven Islands Vintage&apos;, a brand created exclusively for Tilaknagar Industries Ltd (TI) and meticulously designed by Ryan50 Scotland Ltd, UK, in strategic association with the BenRiach Distillerywas launched last week in London. <br />
<br />
The launch, attended by whiskey connoisseurs, high profile guests and dignitaries from UK, Europe and India, included Kulveer Ranger, Mayor of London&apos;s Director of Environment and Digital London, Sheetal Mafatlal, Chairperson, Mafatlal Luxury, Suhel Seth, adman and columnist and C. Rajasekhar, Minister – Political, High Commission of India – London, among others.<br />
<br />
Seven Islands Vintage will be retailed at a price of GBP 100 (one hundred Great Britain Pounds) and first rolled out in in UK. It will be followed by launches in Italy, France and India.<br />
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"It is a significant achievement for TI. Consumer preferences for quality single malts are on the rise and TI is set to make its presence felt in this segment. The first phase will begin with the placement of 5000 bottles for retail and in the first year we expect to cross sales of 15000 bottles," disclosed Mr. Amit Dahanukar, Chairman &amp; Managing Director (CMD), Tilaknagar Industries Ltd.<br />
<br />
Seven Islands Vintage, distilled in the heart of Speyside, is a beverage that is mystical in origin and eclectic in spirit.  This luxury whisky has a rich golden colour with notes of butterscotch, honey and vanilla, mingled with a delicate hint of spices and a faint trace of apples and pears. <br />
<br />
The whisky comes packaged in a beautiful clear glass decanter that is a sophisticated art deco inspired style. The brand, meanwhile, represents the vibrancy of India. It takes its name from the seven islands that today make up Mumbai and is inspired by the art, architecture, colour and fabrics of India.<br />
<br />
"Premiumisation has been central to our company&apos;s growth strategy and this recent addition further endorses our focus. We believe the super-premium scotch market offers very promising growth prospects both in the domestic and international markets and hence we see this as an opportunity to leverage our expertise and introduce this brand to the discerning consumers and look forward to capitalize on the opportunities," concludes Mr. Dahanukar.</p><p>For more information on this press release visit: <a rel="nofollow" href="http://www.releasewire.com/press-releases/release-3.htm">http://www.releasewire.com/press-releases/release-3.htm</a></p></div><h2>Media Relations Contact</h2><p>Harshala Nayak-Shenoy<br />Media Manager<br />Spin Communique<br />Telephone: 9619700161<br />Email: <a rel="nofollow" href="http://www.sbwire.com/press-releases/contact/140267">Click to Email Harshala Nayak-Shenoy</a><br />Web: <a rel="nofollow" href="http://spincommunique.com/">http://spincommunique.com/</a><br /></div><div><p><img src="https://cts.releasewire.com/v/?sid=140267&amp;s=f&amp;v=f" width="1" height="1" alt=""><span></span></p></div>]]></description>
      <pubDate>Mon, 14 May 2012 09:15:00 -0500</pubDate>
      <guid>http://www.releasewire.com/press-releases/release-3.htm</guid>
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      <title>Tilaknagar Industries Ltd. to Foray Into Premium Whisky</title>
      <link>http://www.releasewire.com/press-releases/release-3.htm</link>
      <description><![CDATA[<div class="newsleft"><div class="newsbody"><p>Mumbai, Maharashtra -- (<a rel="nofollow" href="http://www.sbwire.com/">SBWIRE</a>) -- 01/29/2012 --  Tilaknagar Industries Ltd. (TI), one of the leading players in the Indian alcoholic beverage industry and manufacturers of Indian Made Foreign Liquor (IMFL) with over 40 brands across a diverse range of price and product segments, unveiled Mansion House Whisky (MHW) recently at a glittering ceremony in Mumbai. <br />
<br />
A whisky in the premium category, MHW will be positioned with the tag line, "Have Courage" and will be retailed in Mumbai at Rs. 600 for 750ml. Mansion House Premium Whisky is made from the purest Scotch malts aged to perfection, in oak casks and blended with the finest Indian grain spirit. The striking copper and gold packaging adds sparkle to the identity of MHW.  MHW is intended to have a Pan India presence with its initial launch in Maharashtra followed by Andhra Pradesh, Karnataka, Goa, Puducherry, Madhya Pradesh, Odisha and Assam by the first quarter of the next financial year. <br />
<br />
&apos;Mansion House&apos; is the flagship brand of TI. Mansion House Brandy has accounted for total sales of 6 million cases in FY2010-11 and generated revenues worth Rs. 865.32 crores. MHB enjoys a market share of above 70% in its segment in most southern states. <br />
<br />
"Part of the product roll out plans of TI, the whisky launch marks a new phase of growth for the company. The goodwill and dominance of the Mansion House brand in Southern India will now be leveraged to capture market share across geographies and product portfolios," says Mr. Amit Dahanukar, Chairman &amp; Managing Director, TI.<br />
<br />
"The Company will also gradually develop its footprint in the northern and eastern regions by building its manufacturing   and   distribution infrastructure. We also export some of our brands to Western Africa, the Middle East, the Far East and Caribbean countries," he added.<br />
<br />
Mansion House Whisky will be aggressively promoted in Maharashtra and is expected to be instrumental in TI&apos;s plans of gaining market dominance. "With its cult identity and loyal brand following &apos;Mansion House Brandy&apos; already enjoys a clear leadership position. By extending this brand strength to new portfolios and categories beyond the brandy segment, and by adopting innovative marketing strategies, TI will get huge spill over benefits in the long term," discloses Mr. Laxmi Narasimhan, Dy. Managing Director, TI.<br />
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By the end of the next fiscal year, MHW expects to capture 8 – 10% of the market share, in the markets where it has been launched. The current market size of the segment is estimated at around 18million cases. <br />
<br />
"There are some very exciting times ahead of us. The multiple brand launch, new marketing initiatives and inorganic growth through acquisitions marks a new phase for TI. They form a part of the company&apos;s plan to bring to the fore a number of brands catering to different segments across the categories of brandy, whisky, rum, vodka and gin. TI plans to achieve milestones this year through the existing as well as new products in the portfolio. The developments are expected to impact both the top line and bottom line of the company," concludes Mr. Dahanukar.<br />
<br />
About Tilaknagar Industries Ltd. (TI) <br />
Tilaknagar Industries Ltd. (BSE: 507205 / NSE: TI) is one of the renowned Indian Made Foreign Liquor players (including whisky, brandy, gin, rum and vodka) with presence across India. The Company manufactures, markets and sells more than 40 brands across all price points. TI&apos;s subsidiaries are Prag Distillery (P) Ltd, Vahni Distilleries Private Limited, Kesarval Springs Distillers Pvt. Ltd and Punjab Expo Breveries Private Limited. The Company exports its products to Western Africa, the Middle East, the Far East and Caribbean countries.</p><p>For more information on this press release visit: <a rel="nofollow" href="http://www.releasewire.com/press-releases/release-3.htm">http://www.releasewire.com/press-releases/release-3.htm</a></p></div><h2>Media Relations Contact</h2><p>Harshala Nayak-Shenoy<br />Tilaknagar Industries Ltd.<br />Telephone: 09619700165<br />Email: <a rel="nofollow" href="http://www.sbwire.com/press-releases/contact/124453">Click to Email Harshala Nayak-Shenoy</a><br />Web: <a rel="nofollow" href=""></a><br /></div><div><p><img src="https://cts.releasewire.com/v/?sid=124453&amp;s=f&amp;v=f" width="1" height="1" alt=""><span></span></p></div>]]></description>
      <pubDate>Sun, 29 Jan 2012 21:30:00 -0600</pubDate>
      <guid>http://www.releasewire.com/press-releases/release-3.htm</guid>
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      <title>Tilaknagar Industries Ltd. Awarded the Gold Shield by ICAI for Excellence in Financial Reporting</title>
      <link>http://www.releasewire.com/press-releases/release-3.htm</link>
      <description><![CDATA[<div class="newsleft"><div class="newsbody"><p class="subheadline">Tilaknagar Industries Ltd have been acknowledged as the winner and awarded a Gold Shield by the Institute of Chartered Accountants of India (ICAI) for Excellence in Financial Reporting.</p><p>Mumbai, Maharashtra -- (<a rel="nofollow" href="http://www.sbwire.com/">SBWIRE</a>) -- 01/22/2012 --  Tilaknagar Industries Ltd. [TI] (BSE: 507205; NSE: TI), a leading and well established player in the Indian Made Foreign Liquor (IMFL) industry, announced that the Annual Report and Accounts of the Company for year ended March 31, 2011, have been acknowledged as the winner and awarded a Gold Shield by the Institute of Chartered Accountants of India (ICAI) for Excellence in Financial Reporting. <br />
<br />
The Gold Shield was awarded to the Company by Dr. M. Veerappa  Moily, Union Minister for Corporate Affairs, Government of India, at a grand ceremony held on January 06, 2012 in Chennai. Mr. Amit Dahanukar, Chairman &amp; Managing Director and Mr. Lalit Sethi, Chief Financial Officer of Tilaknagar Industries received the award on behalf of the Company.<br />
<br />
Commenting on the achievement, Mr. Lalit Sethi, Chief Financial Officer, Tilaknagar Industries Ltd. said, "This award is recognition of the Company&apos;s internal controls and stringent efforts to maintain compliance with the prescribed financial framework while maintaining transparency and accountability through communications to our stakeholders. Winning this award is thus a great testimony to our belief and an endorsement of TI&apos;s commitment towards corporate transparency. We believe it&apos;s not only about designing a strong governance framework, but more importantly about embracing the same to meet our goal of long term sustainable growth, protecting the interests of our shareholders and presenting financial information in an open manner that is beneficial to current and prospective investors. This award further motivates us to continue engaging with our shareholders with regards to our business plans through consistent and timely financial communication." <br />
<br />
The award has been conferred on TI, by the panel of judges, on review of accounting practices adopted by the enterprise in the preparation of financial statements and the policies adopted for disclosure and presentation of financial statements and other information in the annual report. The key factors for selection for the award entailed:<br />
<br />
- Compliance with statutory requirements for preparation and presentation financial statements as per the Companies Act, 1956 and SEBI regulations<br />
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- Quality of financial information judged by the qualifications in the auditor&apos;s report, notes to the accounts and compliance with accounting principles by ICAI<br />
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- The nature and quality of financial information presented in the annual report factored in key considerations such as adequacy of revenues/expenses details, use and proper cross referencing of schedules, ease of referencing, utilization of charts and graphs, clarity, lucidity and comprehensiveness of the financial statements from an individual/small shareholder&apos;s view point, extent of comparative data in terms of financial highlights &amp; ratios and provision of additional information such as human resource accounting, inflation adjusted accounting, social responsibility etc<br />
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- The extent, nature and quality of non-financial information presented which considers the comprehensiveness and adequacy of the Management Discussion and Analysis, employee engagement and development activities, Corporate Social Responsibility, sustainability measures, business philosophy and ethics, corporate governance and its compliance<br />
<br />
About ICAI<br />
The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for the regulation of the profession of Chartered Accountants in India. During its 61 years of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards. ICAI now is the second largest accounting body in the whole world. <br />
<br />
About Tilaknagar Industries Ltd. (TI)<br />
Tilaknagar Industries Ltd. (BSE: 507205 / NSE: TI) is one of the renowned Indian Made Foreign Liquor players (including whisky, brandy, gin, rum and vodka) with presence across India. The Company manufactures markets and sells more than 40 brands across all price points. TI&apos;s subsidiaries are Prag Distillery (P) Ltd, Vahni Distilleries Private Limited, Kesarval Springs Distillers Pvt. Ltd and Punjab Expo Breveries Private Limited. The Company exports its products to Western Africa, the Middle East, the Far East and Caribbean countries.<br />
<br />
For further information, please visit <a class="extlink"  rel="nofollow noopener"  target="_blank"  title="http://www.tilind.com" href="http://www.tilind.com">http://www.tilind.com</a></p><p>For more information on this press release visit: <a rel="nofollow" href="http://www.releasewire.com/press-releases/release-3.htm">http://www.releasewire.com/press-releases/release-3.htm</a></p></div><h2>Media Relations Contact</h2><p>Harshala Nayak-Shenoy<br />Spin Communique<br />Telephone: 022-8920360<br />Email: <a rel="nofollow" href="http://www.sbwire.com/press-releases/contact/123543">Click to Email Harshala Nayak-Shenoy</a><br />Web: <a rel="nofollow" href=""></a><br /></div><div><p><img src="https://cts.releasewire.com/v/?sid=123543&amp;s=f&amp;v=f" width="1" height="1" alt=""><span></span></p></div>]]></description>
      <pubDate>Sun, 22 Jan 2012 22:45:00 -0600</pubDate>
      <guid>http://www.releasewire.com/press-releases/release-3.htm</guid>
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      <title>Tilaknagar Industries Ltd. Announces Q2 and H1 2012 Financial Results</title>
      <link>http://www.releasewire.com/press-releases/release-3.htm</link>
      <description><![CDATA[<div class="newsleft"><div class="newsbody"><p class="subheadline">Tilaknagar Industries Ltd. (TI), has recently announced its consolidated financial results for the second quarter ended September 30, 2011.</p><p>Mumbai, Maharashtra -- (<a rel="nofollow" href="http://www.sbwire.com/">SBWIRE</a>) --11/17/2011 --  Tilaknagar Industries Ltd. (TI), a leading player in the Indian Made Foreign Liquor (IMFL) industry has announced its consolidated financial results for the second quarter ended September 30, 2011.<br />
<br />
Q2 FY2012 Total Revenues up 13% at Rs 1,445.4 million<br />
- Q2 FY2012 PAT up 24% at Rs 156.6 million<br />
<br />
- Total volumes in Q2FY2012 at 3.08 million cases<br />
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Q2 FY2012 FINANCIAL HIGHLIGHTS: (All comparisons with Q2 FY2011 Figures)<br />
<br />
Healthy growth rate in Q2FY2012<br />
<br />
- Volume growth of 11% to 3.08 million cases in Q2 FY2012<br />
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- Total revenues at Rs Rs 1,445.4 million, increased by 13.0% from Rs 1,279.3 million, driven by higher price realizations and increased volume growth<br />
<br />
- EBIDTA at Rs 420.7 million from Rs 365.3 million, registering an increase of 15.2%<br />
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- Higher price realizations achieved on account of premium products featured in the diversified product portfolio<br />
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- Bottling initiatives yielded significant contributions to the earnings whilst providing a hedge against increasing glass prices<br />
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- PAT reported at Rs 156.6 million, a growth of 24.1% from Rs 126.1 million<br />
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- Basic EPS at Rs 1.36 from Rs 1.30<br />
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H1 FY2012 FINANCIAL HIGHLIGHTS: (All comparisons with H1 FY2011 Figures)<br />
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- Volume growth of 15% to 5.62 million cases in H1 FY2012<br />
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- Total revenues at Rs 2,516.6 million, increased by 18.6% from Rs 2,122.5 million<br />
<br />
- EBIDTA at Rs 643.4 million from Rs 533.7 million, registering an increase of 20.6%<br />
<br />
- PAT reported at Rs 180.6 million from Rs 170.8 million<br />
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- Basic EPS at Rs 1.57 from Rs 1.76<br />
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OPERATIONAL PERFORMANCE HIGHLIGHTS:<br />
<br />
- Total number of cases sold: <br />
<br />
- Q2 FY2012 at 3.08 million compared to 2.78 million in Q2FY2011 <br />
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- H1 FY2012 at 5.62 million compared to 4.90 million in H1 FY2011<br />
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- Volumes witnessed a healthy growth due to;<br />
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- Strategic allocation of brands in the premium and semi-premium category catering to demands of consumers with differing wallet share<br />
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- Millionaire brands namely &apos;Mansion House&apos; Brandy and &apos;Madira&apos; Rum continue to display an upward trend <br />
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- Continued success of brands in CSD, is a prominent contributor to growth registered during the quarter<br />
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- TI registered 15% increase in volumes delivered during H1 FY12, although further potential growth was affected due to instability in political climate of key markets of the Company i.e Andhra Pradesh and Tamil Nadu<br />
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Commenting on these results, Mr. Amit Dahanukar, Chairman &amp; Managing Director, Tilaknagar Industries Ltd, said: "Our performance this quarter reflects the resilience of our business model and strategies, that we as a team, have strived for. Our volume growth witnessed a healthy increase during the quarter led by a diversified brand portfolio, a strategic price-mix effect and our commitment to enhance our geographic presence across the country. In line with this philosophy, was our recent acquisition of &apos;Punjab Expo&apos;. We believe this is an apt addition to our manufacturing capabilities creating opportunities to extend our presence in North India. We witnessed healthy topline growth this quarter, driven by our efforts to prioritize our resources towards premium products which have translated into higher realizations.<br />
<br />
Moreover, our &apos;Family Shaped&apos; bottling initiative which had taken root in the past few quarters has enabled us to create enhanced value for our business. We believe, with the rising input costs, especially glass, this prudent investment has helped us to mitigate the impact of such challenges.<br />
<br />
Going ahead, we expect to see higher levels of benefits from such initiatives and we remain optimistic of our capabilities to weather the current headwinds of inflationary pressures, whilst establishing a prominent market presence, incremental earnings and a fortified brand TI."<br />
Commenting on these results, Mr. Lalit Sethi, Chief Financial Officer, Tilaknagar Industries Ltd, said: "I am pleased to present TI&apos;s results for the second quarter. Our financial metrics, in this period, reflect the positive impact of our investments and strategic initiatives. <br />
<br />
Volume growth witnessed during the quarter is on the back of the varied brand bouquet, our focus on premiumisation and healthy performance delivered from the CSD segment. <br />
<br />
While higher realizations from the premium segment have driven our topline growth, benefits from our bottling initiative have resulted in higher savings, this quarter. While mindful of the macro environment factors, we continue to carefully manage our expenses with the eventual focus on profitable growth.<br />
<br />
With strong operational capacities and commitment to expand brand TI, we believe the Company is well poised to grow its market share and capitalize the opportunities that the alcobev sector offers."  <br />
OUTLOOK:<br />
<br />
- TI is strategically aligned to capture the growth momentum in the IMFL industry<br />
<br />
- The IMFL industry is poised to continue its upward growth on account of factors such as :<br />
<br />
- Rise in personal disposable income and increasing consumer base <br />
<br />
- Favorable demographics for alcohol consumption with a large section of India&apos;s population within the legal drinking age<br />
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- TI&apos;s diverse brand portfolio featuring brands at the premium and semi-premium price points are well placed to convert the expanding IMFL market segment into earnings<br />
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- Millionaire brands- &apos;Mansion House&apos; brandy and &apos;Madira&apos; rum will continue to gain traction<br />
<br />
- Price hike on &apos;Mansion House&apos; brandy in Karnataka to deliver higher earnings in line with volume growth<br />
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- CSD segment to continue witnessing traction<br />
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- Price hikes taken by the Company in the CSD Segment with effect from Nov 2011, the benefits of the same will be visible in H2 FY12<br />
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- Concerted efforts to expand presence pan India <br />
<br />
- Acquisition of &apos;Punjab Expo&apos; is a step further in expanding TI&apos;s market presence in the Northern segments in India<br />
<br />
- Recently commissioned grain based facility, capable of producing superior quality of alcohol, minimizes TI&apos;s exposure to volatile molasses prices<br />
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- In the coming quarters, with higher capacity utilization, economies of scale are expected to offset overhead costs, interest and depreciation <br />
<br />
- Investments in Family Shaped bottles are generating cost savings in an environment where glass prices are rapidly increasing. Further benefits are expected to accrue in H2FY12 <br />
<br />
- The Company is optimistic of its performance for the remainder of the year<br />
<br />
- H2 is normally characterized with higher levels of growth patterns for given TI&apos;s product profile<br />
<br />
- Committed efforts to increase &apos;premiumisation&apos; of the brand portfolio <br />
<br />
- Benefits of price increase taken on Mansion House Brandy (in Karnataka) and CSD Segment coupled with savings from the Family Shaped bottling initiative to be more visible in H2 as volumes further increase<br />
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- Overall, with well defined strategies which incorporate growth aligned to macro environment factors, TI is well equipped to deliver sustainable  long term earnings and profitability <br />
<br />
- The industry  continues to witness certain headwinds related to inflationary pressures, rising packaging costs especially glass, hike in excise duties and taxes along with political instability in the Southern states <br />
<br />
TILAKNAGAR INDUSTRIES LTD (TI): BRIEF OVERVIEW<br />
Tilaknagar Industries is a well-established player in the expanding Indian Made Foreign Liquor (IMFL) industry in India. TI&apos;s expansive brand portfolio comprises of over 40 brands catering different price points. TI has engineered the creation of two millionaire brands, &apos;Mansion House&apos; brandy and &apos;Madira&apos; Rum which according to Euromonitor, was recognized as the fastest growing domestic brands.<br />
<br />
Besides popular In-house brands, TI has acquired 7 more brands from the Alcobev Industry to broaden its brand bouquet and expand its reach in different market geographies. These brands are also registered with CSD and also sold in the Northern markets.<br />
<br />
The Company has 32 manufacturing facilities spread across India which it operates through 1 owned, 4 subsidiaries, 7 lease arrangements and 20 tie-up arrangements. Its primary manufacturing facility is in Shrirampur, Maharashtra with an installed capacity of 100 KLPD including a new 50 KLPD molasses based distillation plant commissioned in October 2009. The Company commenced commercial production at its new grain based distillery of 100 KLPD. The Company recently acquired &apos;Punjab Expo Breveries Private Limited&apos; (Punjab Expo), in October 2011, with a bottling capacity of 50,000 units.<br />
<br />
TI has successfully evolved over the years to be a dominant player in the Southern Indian states including Andhra Pradesh, Kerala and Tamil Nadu. TI consistently introduces brands to cater to the needs of different segments of society.<br />
<br />
About Tilaknagar Industries Ltd (TI)<br />
Tilaknagar Industries Ltd (BSE: 507205 / NSE: TI) is one of the renowned Indian Made Foreign Liquor players (including whisky, brandy, gin, rum and vodka) with presence across India. The Company manufactures, markets and sells more than 40 brands across all price points. TI&apos;s subsidiaries are Prag Distillery (P) Ltd, Vahni Distilleries (P) Ltd, Kesarval Springs Distillers (P) Ltd and Punjab Expo Breveries Private Limited. The Company exports its products to Western Africa, the Middle East, the Far East and Caribbean countries.</p><p>For more information on this press release visit: <a rel="nofollow" href="http://www.releasewire.com/press-releases/release-3.htm">http://www.releasewire.com/press-releases/release-3.htm</a></p></div><h2>Media Relations Contact</h2><p>Harshala Nayak-Shenoy<br />Spin Communique<br />Telephone: 09619700165<br />Email: <a rel="nofollow" href="http://www.sbwire.com/press-releases/contact/114964">Click to Email Harshala Nayak-Shenoy</a><br />Web: <a rel="nofollow" href="http://spincommunique.com/">http://spincommunique.com/</a><br /></div><div><p><img src="https://cts.releasewire.com/v/?sid=114964&amp;s=f&amp;v=f" width="1" height="1" alt=""><span></span></p></div>]]></description>
      <pubDate>Thu, 17 Nov 2011 22:00:00 -0600</pubDate>
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      <title>Tilaknagar Industries' Manufacturing Capacities at Shrirampur Accorded 'Mega Project' Status</title>
      <link>http://www.releasewire.com/press-releases/release-3.htm</link>
      <description><![CDATA[<div class="newsleft"><div class="newsbody"><p class="subheadline">Tilaknagar Industries Ltd. (TI), has been accorded with the status of "Mega Project" for its new facilities.</p><p>Mumbai, Maharashtra -- (<a rel="nofollow" href="http://www.sbwire.com/">SBWIRE</a>) -- 08/15/2011 --  Tilaknagar Industries Ltd. (TI), a leading and well established player in the Indian Made Foreign Liquor (IMFL) industry is pleased to report that it has been accorded with the status of "Mega Project" for its new facilities, which includes the 50 KLPD molasses based distillation plant and 100 KLPD grain based distillation plant along with captive power plant, under Package Scheme of Incentives (PSI) 2007.<br />
<br />
With this status of "Mega Projects", the Company will be entitled to receive incentives including, subsidy to the extent of 100% of eligible investment with a period of seven year by way of set off /credit for Tax liability under Maharashtra Value Added Tax Act 2002 and Central Sales Tax Act 1956, electricity duty exemption for 7 years and 100% exemption from payment of stamp duty. <br />
<br />
Commenting on this development, Mr. Amit Dahanukar, Chairman &amp; Managing Director, Tilaknagar Industries Ltd, said: "We are truly pleased with this recent development, whereby our manufacturing facilities have been conferred with the status of "Mega Project" by the Government of Maharashtra. This will enable us to gain benefits primarily on account of the tax credit under VAT and CST for the next 7 years, for our sales in Maharashtra. Consequently we will witness a positive impact directly on our earnings from the next fiscal onwards until we exhaust the subsidy available to us. <br />
<br />
We remain committed to expand our position in the IMFL space, with our focus on expanding our product portfolio and geographic presence. On being awarded this privilege, which is on account of the investments we have made in our capacities, we are excited and encouraged to fortify and increase our presence in Maharashtra in line with our strategy to incrementally build a strong position across key regions and new segments."<br />
<br />
The Company was admissible to this title on account of the investments of ~ Rs. 266 crore in its manufacturing facilities at Maharashtra. Post this eligibility, the Company stands to receive monetary benefits which include IPS (Industrial Promotion Subsidy) equivalent to 100% of eligible investments made within the duration of 5 years from April 01, 2008. TI expects to witness visible benefits of such subsidies, which will accrue in FY2013.<br />
<br />
The Company&apos;s manufacturing facility in Shrirampur, Maharashtra includes an installed capacity of 200 KLPD including a 100 KLPD molasses based distillation plant and 100 KLPD grain based distillery. This multi-feed grain based facility enables TI to manufacture more premium quality of brands along with better adaptability to safeguard itself against the variations in prices of molasses. TI, with such capacities in its system, is well poised to fortify its fundamentally strong business model. The Company&apos;s growth trajectory remains strong and anticipates healthy expansion in volumes on the back of focus on premiumisation, new launches/brand variations and presence in new regions across the country and in international markets. <br />
<br />
About Tilaknagar Industries Ltd (TI)<br />
Tilaknagar Industries Ltd (BSE: 507205 / NSE: TI) is one of the renowned Indian Made Foreign Liquor players (including whisky, brandy, gin, rum and vodka) with presence across India. The Company manufactures, markets and sells more than 40 brands across all price points. TI&apos;s subsidiaries are Prag Distillery (P) Ltd, Vahni Distilleries (P) Ltd and Kesarval Springs Distillers (P) Ltd. The Company exports its products to Western Africa, the Middle East, the Far East and Caribbean countries.</p><p>For more information on this press release visit: <a rel="nofollow" href="http://www.releasewire.com/press-releases/release-3.htm">http://www.releasewire.com/press-releases/release-3.htm</a></p></div><h2>Media Relations Contact</h2><p>Harshala Nayak-Shenoy<br />Tilaknagar Industries Ltd<br />Telephone: 022-8920360<br />Email: <a rel="nofollow" href="http://www.sbwire.com/press-releases/contact/103725">Click to Email Harshala Nayak-Shenoy</a><br />Web: <a rel="nofollow" href="http://www.tilind.com/">http://www.tilind.com/</a><br /></div><div><p><img src="https://cts.releasewire.com/v/?sid=103725&amp;s=f&amp;v=f" width="1" height="1" alt=""><span></span></p></div>]]></description>
      <pubDate>Mon, 15 Aug 2011 22:30:00 -0500</pubDate>
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      <title>Tilaknagar Industries Ltd. Announces Q1 FY2012 Financial Results</title>
      <link>http://www.releasewire.com/press-releases/release-3.htm</link>
      <description><![CDATA[<div class="newsleft"><div class="newsbody"><p class="subheadline">Tilaknagar Industries Ltd. (TI), recently announced its consolidated financial results for the first quarter ended June 30, 2011.</p><p>Mumbai, Maharashtra -- (<a rel="nofollow" href="http://www.sbwire.com/">SBWIRE</a>) -- 08/05/2011 --  Tilaknagar Industries Ltd. (TI), a leading player in the Indian Made Foreign Liquor (IMFL) industry has announced its consolidated financial results for the first quarter ended June 30, 2011.<br />
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Q1 FY2012 HIGHLIGHTS: (All comparisons with Q1 FY2011 Figures)<br />
<br />
Encouraging growth rate in Q1 FY2012<br />
- Total revenues at Rs. 1,071 million, increased by 27.2% from Rs. 839.2 million<br />
- EBIDTA at Rs. 222.8 million from Rs. 174.4 million, registering an increase of 27.8%<br />
- PAT reported at Rs. 24 million from Rs. 48.7 million<br />
- Brand sales for the quarter at Rs. 3,218.0 million as against  Rs.2,563.3 million, registering an increase of 25.5% <br />
- Flagship brand &apos;Mansion House&apos; sales up 23.1% at 1.33 million cases<br />
- CSD segment witnessed an healthy growth to 0.48 million cases during the quarter as compared to 0.25 million cases in Q1 FY2011<br />
<br />
Operational Performance Highlights:<br />
<br />
- Total number of cases sold: Q1 FY2012 at 2.5 million compared to 2.1 million in Q1 FY2011<br />
- In Q1 FY2012, TI&apos;s brandy and rum segments together contributed 86.6% of the total volume sales as compared to 80.8% in Q1 FY2011<br />
<br />
Commenting on these results, Mr. Amit Dahanukar, Chairman &amp; Managing Director, Tilaknagar Industries Ltd, said: <br />
"I am pleased to present our results for the first quarter, which is driven primarily by a consistent and planned surge in volumes. The strength of TI&apos;s model was evident as we witnessed an increase of 21% in our volumes this quarter, which validates the effectiveness of our key strategies –including focus on strengthening our position in the IMFL space by fortifying our presence in the South whilst expanding ourselves across geographies. Concurrently, we continue to equally focus on portfolio enhancement with an emphasis on premium brands. <br />
<br />
With the recent commencement of our grain based facility, we are better equipped to expand our business. Subsequently, we have the flexibility and the ability to adapt to erratic market contingents effectively.<br />
<br />
Furthermore, the Introduction of Family sized bottles for our flagship brand – Mansion House have begun to yield positive benefits and we expect to witness manifold benefits going forward too.<br />
<br />
Despite certain inflationary pressures, we stand convinced that we have built a solid case for TI and all our initiatives underscore our goal of fortifying brand TI, tapping various market opportunities and eventually  delivering true value for our shareholders."<br />
<br />
Outlook:<br />
- Building long term sustainable business, on the back of a well-defined strategy to deliver volume growth ahead of the sector growth<br />
- Actively invest in brand bouquet extension with underlying focus towards premiumisation<br />
- Product launches in the premium and semi-premium categories <br />
- Average realization to improve with high concentration on premium products<br />
- Millionaire brands namely, Mansion House Brandy and Madira Rum remain well accepted<br />
- Systematic efforts to grow core areas of presence domestically and tap new geographies through exports<br />
- Strong volume growth to continue- financial performance benefits to be visible with a lag<br />
- Rising input costs<br />
- Price increases of sales through government corporations still awaited<br />
- Higher interest and depreciation costs due to commissioning of the new grain based facility whilst optimal capacity utilization levels are yet to be achieved<br />
- H2 FY12 performance to show significant improvement over H1 FY12 results<br />
- Sustained scale –up in capacity utilization of new grain based plant commissioned recently <br />
- Better cost absorption over higher production levels<br />
- Cost benefits through introduction of family shaped bottles over the last several quarters to be more visible<br />
- H1 is normally a lean period for the Company given TI&apos;s product profile and H2 will be much better<br />
- Continuous premiumisation of product portfolio <br />
- Awaiting price hikes from Government Corporation sales – Clarity to still emerge with time<br />
- Confronting certain challenges specific to the industry <br />
- Inflationary pressures <br />
- Increase  in packaging costs especially glass<br />
- Excise duty and taxes<br />
- Political developments in the Southern states<br />
<br />
Going forward, we expect consumer demand to remain robust and stand to gain benefits of our initiatives. We will continue to formulate and implement strategies which better align us to the market trends and thereby enhance our volume growth, profitability &amp; overall efficiencies.  <br />
<br />
Tilaknagar Industries Ltd (TI): Brief Overview<br />
Tilaknagar Industries is a well-established player in the expanding Indian Made Foreign Liquor (IMFL) industry in India. TI&apos;s expansive brand portfolio comprises of over 40 brands catering different price points. TI has engineered the creation of two millionaire brands, &apos;Mansion House&apos; brandy and &apos;Madira&apos; Rum which according to Euromonitor, was recognized as the fastest growing domestic brands.<br />
<br />
Besides popular In-house brands, TI has acquired 7 more brands from the Alcobev Industry to broaden its brand bouquet and expand its reach in different market geographies. These brands are also registered with CSD and also sold in the Northern markets.<br />
<br />
The Company has 32 manufacturing facilities spread across India which it operates through 1 owned, 3 subsidiaries, 7 lease arrangements and 21 tie-up arrangements. Its primary manufacturing facility is in Shrirampur, Maharashtra with an installed capacity of 100 KLPD including a new 50 KLPD molasses based distillation plant commissioned in October 2009. The Company commenced commercial production at its new grain based distillery of 100 KLPD. <br />
<br />
TI has successfully evolved over the years to be a dominant player in the Southern Indian states including Andhra Pradesh, Kerala and Tamil Nadu. TI consistently introduces brands to cater to the needs of different segments of society.<br />
<br />
About Tilaknagar Industries Ltd (TI)<br />
Tilaknagar Industries Ltd (BSE: 507205 / NSE: TI) is one of the renowned Indian Made Foreign Liquor players (including whisky, brandy, gin, rum and vodka) with presence across India. The Company manufactures, markets and sells more than 40 brands across all price points. TI&apos;s subsidiaries are Prag Distillery (P) Ltd, Vahni Distilleries (P) Ltd and Kesarval Springs Distillers (P) Ltd. The Company exports its products to Western Africa, the Middle East, the Far East and Caribbean countries.</p><p>For more information on this press release visit: <a rel="nofollow" href="http://www.releasewire.com/press-releases/release-3.htm">http://www.releasewire.com/press-releases/release-3.htm</a></p></div><h2>Media Relations Contact</h2><p>Harshala Nayak-Shenoy<br />Media Manager<br />Spin Communique<br />Telephone: 9619700161<br />Email: <a rel="nofollow" href="http://www.sbwire.com/press-releases/contact/102836">Click to Email Harshala Nayak-Shenoy</a><br />Web: <a rel="nofollow" href="http://spincommunique.com/">http://spincommunique.com/</a><br /></div><div><p><img src="https://cts.releasewire.com/v/?sid=102836&amp;s=f&amp;v=f" width="1" height="1" alt=""><span></span></p></div>]]></description>
      <pubDate>Fri, 05 Aug 2011 23:30:00 -0500</pubDate>
      <guid>http://www.releasewire.com/press-releases/release-3.htm</guid>
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      <title>Tilaknagar Industries Helps HIV Infected Children</title>
      <link>http://www.releasewire.com/press-releases/release-3.htm</link>
      <description><![CDATA[<div class="newsleft"><div class="newsbody"><p class="subheadline">“Mansion House” raises funds for Petralthan Pillaiya? (All children. Our Children.)</p><p>Mumbai, Maharashtra -- (<a rel="nofollow" href="http://www.sbwire.com/">SBWIRE</a>) -- 07/28/2011 --  Tilaknagar Industries Ltd. (TI) known for its role beyond being a key player in the Beverage industry has come forward to provide financial assistance to HIV infected children in Tamil Nadu. The company recently offered support to the Petralthan Pillaiya? (All children. Our Children.) project that was initiated by Population Services International (PSI), an NGO working in the field of Public Health along with Hello FM and Padmashri Kamal Haasan.<br />
<br />
The Mansion House Brand of TI is the Official Cheers Partner for Chennai Super Kings, champions of IPL Season IV. Mansion House had sponsored a show called Solli Adi on Hello FM, a popular radio channel, as a promotional activity for the MHB-CSK association. They auctioned the tickets for the matches along with the CSK players&apos; autographed t-shirts and bats through the show, seeking to raise funds for children infected with HIV. Further on, TI contributed an equal amount of the funds received through auction thereby doubling the total proceeds and raising a larger contribution for the cause. <br />
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Speaking about the initiative Mr. S.S. Balajee, DGM (sales), Tilaknagar Industries Ltd. said, "The intent to support such campaigns is not just to offer financial support but to reduce the stigma and discrimination faced by children living with HIV. This moral support can create a positive attitude in the child and go a great extent in helping overcome the impact of the infection. "<br />
<br />
TI planned a one day event in Chennai wherein the Senior Management visited the home and spent some time with the children before handing over the cheque. <br />
<br />
"It is a very constructive step towards helping these vulnerable children. We wish to continue doing such community improvement programs," said Mr. K Udaykumar, (Manager-sales), Tilaknagar Industries Ltd.<br />
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Mr. Atul Kapoor, Program Director, PSI Connect said, "I am very excited by this initiative of Mansion House to support Petralthan Pillaiya. Corporate involvement such as this will go a long way in mitigating the stigma and reach out to these children living with HIV."<br />
<br />
TI adopts a triple bottom line (TBL) approach of economic sustainability, healthy environment and empowered community. It has initiated various CSR measures and enjoys a reputation for social welfare projects. TI&apos;s other noted environmentally sustainable activities include: rain water harvesting, use of solar lamps for street lighting, Go Shaala to support the abandoned cows.  In addition, TI provides deprived individuals with free food on a daily basis across India. It also runs a full-fledged charitable dispensary and conducts free health camps every fortnight. TI has so far adopted 51 Wadi&apos;s in 22 Gram Panchayats around its Shrirampur plant in Maharashtra. Committed to the Grow Green initiative, TI has introduced a massive Tree Plantation Drive of over 1 Lac trees across India.<br />
<br />
About Tilaknagar Industries Ltd<br />
Tilaknagar Industries Ltd. (TI) is an India-based company operating in the alcoholic beverage industry.  The Company&apos;s products include whisky, brandy, gin, rum and vodka. It currently has more than 40 brands across a diverse range of price and product segments and an ever growing, loyal customer base. TI markets its products across a large number of southern states in India and is gradually assuming a pan-national presence. It also exports its products to Western Africa, the Middle East, the Far East and Caribbean countries. Recently, it has bagged the &apos;Best Business Partner of CSD-Liquor Category&apos; Award and &apos;World Star Award&apos;.</p><p>For more information on this press release visit: <a rel="nofollow" href="http://www.releasewire.com/press-releases/release-3.htm">http://www.releasewire.com/press-releases/release-3.htm</a></p></div><h2>Media Relations Contact</h2><p>Harshala Nayak<br />Media Manager<br />Spin Communique<br />Telephone: 9619700161<br />Email: <a rel="nofollow" href="http://www.sbwire.com/press-releases/contact/101930">Click to Email Harshala Nayak</a><br />Web: <a rel="nofollow" href="http://www.tilind.com">http://www.tilind.com</a><br /></div><div><p><img src="https://cts.releasewire.com/v/?sid=101930&amp;s=f&amp;v=f" width="1" height="1" alt=""><span></span></p></div>]]></description>
      <pubDate>Thu, 28 Jul 2011 23:00:00 -0500</pubDate>
      <guid>http://www.releasewire.com/press-releases/release-3.htm</guid>
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      <title>TI Initiates 'Grow Green' Project</title>
      <link>http://www.releasewire.com/press-releases/release-3.htm</link>
      <description><![CDATA[<div class="newsleft"><div class="newsbody"><p class="subheadline">Targets over 1,00,000 trees all over India</p><p>Mumbai, Maharashtra -- (<a rel="nofollow" href="http://www.sbwire.com/">SBWIRE</a>) -- 07/10/2011 --  Tilaknagar Industries Ltd.(TI), committed to the Grow Green initiative, has carried out a massive Tree Plantation Drive across India, achieving itself a target of planting over 1 lac Multi Purpose Trees at various locations across the country. <br />
<br />
The project was flagged off on the World Environment Day with an Environment Awareness Session in Ahmednagar, Maharashtra with a symbolic plantation of 251 saplings at the hands of Factory heads and dignitaries. The project was initiated in five Indian states including Maharashtra, Goa, Andhra Pradesh, Karnataka and Punjab with 20,000 trees ready to plant. A sizable number of volunteers and employees were involved in the activity to plant maximum number of saplings.<br />
<br />
As a part of the mega tree plantation drive, TI distributed over 1,00,000 forest and fruit trees in Shrirampur and Umerkhed. <br />
<br />
Commenting on the initiative, Mr. Amit Dahanukar – Chairman and Managing Director, Tilaknagar Industries Ltd. says, "Our target of environmental improvement is in sync with the UNEP&apos;s theme - Forests: Nature at Your Service. By taking this effort, we intend to spread awareness about growing and grooming trees locally by inviting people to contribute to the &apos;Grow Green Project&apos;, a massive tree plantation drive across the nation. Over 3000 employees are being involved in the exercise of preserving and protecting the environment." <br />
<br />
Mr. Amit Dahanukar further adds, "Selection of the right kind of native tree species is important to ensure low mortality. The &apos;Grow Green Project&apos; executed last year has achieved a remarkable 80% survival rate. Our main focus is to expand the implementation of sustainable exercises for environmental protection with each passing year."<br />
<br />
TI adopts a triple bottom line (TBL) approach of economic sustainability, healthy environment and empowered community. It has initiated various CSR measures and enjoys a reputation for social welfare projects. It already provides over 25000 litres of reverse osmosis drinking water per day to 22 Wadi&apos;s around its Shrirampur plant. Their other noted environmentally sustainable activities include: rain water harvesting, use of solar lamps for street lighting, Go Shaala to support the abandoned cows.  In addition, TI provides deprived individuals with free food on a daily basis across India. It also runs a full-fledged charitable dispensary and conducts free health camps every fortnight. TI has so far adopted 51 Wadi&apos;s in 22 Gram Panchayats around its Shrirampur plant. They successfully completed a month long &apos;Grow Green Project&apos; in Mumbai and Shrirampur, last year too.</p><p>For more information on this press release visit: <a rel="nofollow" href="http://www.releasewire.com/press-releases/release-3.htm">http://www.releasewire.com/press-releases/release-3.htm</a></p></div><h2>Media Relations Contact</h2><p>Harshala Nayak-Shenoy<br />Media Manager<br />Spin Communique<br />Telephone: 9619700161<br />Email: <a rel="nofollow" href="http://www.sbwire.com/press-releases/contact/99852">Click to Email Harshala Nayak-Shenoy</a><br />Web: <a rel="nofollow" href="http://www.tilind.com">http://www.tilind.com</a><br /></div><div><p><img src="https://cts.releasewire.com/v/?sid=99852&amp;s=f&amp;v=f" width="1" height="1" alt=""><span></span></p></div>]]></description>
      <pubDate>Sun, 10 Jul 2011 22:45:00 -0500</pubDate>
      <guid>http://www.releasewire.com/press-releases/release-3.htm</guid>
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