Leading Indian-Made Foreign Liquor (IMFL) manufacturer Tilaknagar Industries Ltd on Thursday (November 13) reported a net profit of ₹52.6 crore for the quarter ended September 2025, down 9.6% from ₹58.2 crore in the same period last year.

Revenue for the quarter increased 6.2% year-on-year to ₹398.3 crore from ₹374.9 crore, indicating steady topline growth. EBITDA, however, declined 8.4% to ₹60 crore from ₹65.7 crore in Q2 FY25, while the operating margin narrowed to 15% from 17.5% in the year-ago period.

For Q2 FY26, consolidated volumes rose 16.2% year-on-year to 34.2 lakh cases, with the company recording market share gains in most key markets. Net revenue grew 6.2% to ₹398 crore from ₹374.9 crore in Q2 FY25. Adjusted for subsidy, revenue growth stood at 9.3% year-on-year. Net sales

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