1 week ago

Tilaknagar Industries Considers Another Major Spirits Acquisition After Imperial Blue

Tilaknagar Industries recently bought the Imperial Blue spirits business from Pernod Ricard.

The deal cost nearly $500 million.

Now the company says it might buy another large spirits business.

It will look for a deal that helps it grow without taking on too much financial risk.

Tilaknagar is especially interested in premium and luxury drinks.

Its revenue nearly tripled after the Imperial Blue purchase.

Other companies are also buying or investing in Indian spirits businesses.

This is happening because India’s spirits market is expected to grow quickly.

Key facts

Recent acquisition: Tilaknagar Industries bought Imperial Blue from Pernod Ricard for nearly $500 million.
Potential next deal: The company would consider another acquisition of a similar scale if the right opportunity emerges.
Chairman and managing director: Amit Dahanukar.
Quarterly revenue: Revenue nearly tripled to Rs 10.26 billion in the quarter ended June 30.
Imperial Blue sales contribution: Imperial Blue accounted for almost two-thirds of Tilaknagar’s total sales volume.
Strategic focus: Tilaknagar is particularly focused on craft spirits in the super-premium and luxury segments.
Market outlook: IWSR projects India will become the world’s largest spirits market by volume by 2032, overtaking China.

firstpost.com · 1 week ago