Tilaknagar Industries Ltd.TI₹493.35 +4.25%

Tilaknagar Industries Ltd., a major player in India’s alcoholic beverages sector, announced a landmark acquisition today that saw its shares surge by up to 5%. 

The company has entered into a definitive agreement to acquire the Imperial Blue business division from Pernod Ricard India for an enterprise value of approximately ₹4,150 crores (€412.6 million). This strategic move is set to propel Tilaknagar into the competitive whisky segment, bolstering its position in the Indian alcoholic beverages market.

Strategic Acquisition to Expand Whisky Portfolio

The acquisition of the Imperial Blue brand, one of India’s top-selling whisky brands, is a game-changer for Tilaknagar Industries, which has historically dominated the brandy category. 

Imperial Blue, with over 25 years of brand heritage, is the third-largest whisky brand in India, selling 22.4 million 9-litre cases in the year ending March 2025. This acquisition not only strengthens Tilaknagar’s foothold in the largest IMFL (Indian-Made Foreign Liquor) category but also significantly expands its distribution reach across India.

With the deal, Tilaknagar will gain ownership of Imperial Blue’s operations, including two owned manufacturing units and services from co-manufacturing bottlers across India. The transaction is expected to close within six months, pending approval from the Competition Commission of India.

The Imperial Blue brand will serve as the launchpad for Tilaknagar’s premiumisation journey in the whisky category, enabling the company to develop a diverse portfolio across various premium price points.

A Landmark Deal in the Indian Alcoholic Beverage Sector

This transaction is the largest Indian-led acquisition in the alcoholic beverages space, marking a significant shift in Tilaknagar’s strategy. The acquisition, which includes a deferred payment of approximately ₹282 crore due four years after the transaction closure, is financed through a mix of debt and equity.

With the Indian alcoholic beverage market evolving rapidly, Tilaknagar’s move to become a pan-India player in both whisky and brandy positions the company for future leadership in a highly competitive market.

Over the last three and five years, this stock has given multibagger returns of more than 505% and 2,565% respectively.

Let’s take a look at its Factor Analysis scores:

Note: The stock price mentioned is as of 3:30 PM.

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Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.