CRISIL Reaffirms Tilaknagar Industries at ‘A-/Stable’ as Imperial Blue Deal Boosts Scale

An announcement from Tilaknagar Industries Limited ( (IN:TI) ) is now available.

Tilaknagar Industries Limited has received a reaffirmation of its long-term bank loan rating at ‘CRISIL A-/Stable’ from CRISIL Ratings, which also removed the company from ‘Rating Watch with Developing Implications’ following enhanced clarity on key financials and strategic aspects of the Imperial Blue acquisition. The rating reflects expectations of a significant strengthening of Tilaknagar’s business risk profile, including a projected tripling of scale and reduced geographic and category concentration driven by the integration of the Imperial Blue brand, even as higher debt levels and lower margins from the acquired business are likely to temporarily moderate profitability and leverage metrics before cash generation and disciplined capex support gradual improvement over the medium term.

More about Tilaknagar Industries Limited

Tilaknagar Industries Limited is an Indian spirits manufacturer best known for its presence in the Indian-Made Foreign Liquor (IMFL) segment, with a portfolio that includes popular whisky brands. The company operates across multiple states in India and is pursuing a strategy of scaling up its branded business and widening its geographic and category footprint in the premium and mass-premium liquor market.

Average Trading Volume: 87,191

Technical Sentiment Signal: Buy

Current Market Cap: 94.13B INR

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