Tilaknagar Industries: From Bankruptcy Bottles to Brandy Billionaire—One Mansion House at a Time?
1. At a Glance
Tilaknagar Industries, once drowning in debt and despair, is now sipping profits with a 230 Cr PAT buzz in FY25. Mansion House Brandy is now India’s #1 and world’s #2 by volume. From -₹280 Cr loss in 2017 to ₹230 Cr profit in FY25. This is not just a turnaround—it’s a boozy resurrection.
2. Introduction with Hook
If Tilaknagar’s financials were a Bollywood plot, it would be Devdas meets Scam 1992 meets Chak De India.
Mansion House is #1 in India.
Stock is up 66% YoY and 85% CAGR over 5 years.
ROCE now kisses 28%.
From a near-death experience with ₹1,072 Cr debt in FY17, they’ve paid their dues—and then some. This brandy maker is now aging like fine…well, you get the idea.
3. Business Model (WTF Do They Even Do?)
Core Business: Indian Made Foreign Liquor (IMFL), with brandy being its crown jewel.
Top Brand: Mansion House Brandy
New Brands: Courrier Napoleon, Savoy Club
Revenue Mix: Brandy dominates ~98%
Regions: Strongest in South India, expanding into Maharashtra and North
