Tilaknagar Industries Ltd. (TI) has announced its consolidated financial results for the quarter ended December 31, 2011 wherein they reported a growth of 51 per cent at Rs 166 million. Total volumes in Q3 of 2012 is at 3.2 million cases and FY2012 volumes are at 8.8 million cases.
In line with revenues, EBITDA grew 57.6 per cent to Rs 441.4 million as compared to Q3 FY2011. This reflects improved average realizations led by the company's premiumistaion strategy. It also shows benefits of price hike taken on the brand ‘Mansion House Brandy’ in Karnataka and various brands in the Canteen Stores Department (CSD) generate visible contributions to earnings. Further more, it shows increased circulation of family shaped bottles/market bottles helped the company cap its costs and safeguard itself in a scenario of rising glass prices, stated the company's press release. Commenting on these results, Amit Dahanukar, Chairman & MD, Tilaknagar Industries Ltd, said, “TI has displayed healthy performance this quarter, which reinforces our earnest endeavors to extend volume growth whilst generating higher margins. This further resonates that our high earning premium brands and differentiated products are providing the momentum, for us, to continue penetration in our core markets and simultaneously set footprints in new regions.”
Source
Commis II Indian - Jobs in India
In line with revenues, EBITDA grew 57.6 per cent to Rs 441.4 million as compared to Q3 FY2011. This reflects improved average realizations led by the company's premiumistaion strategy. It also shows benefits of price hike taken on the brand ‘Mansion House Brandy’ in Karnataka and various brands in the Canteen Stores Department (CSD) generate visible contributions to earnings. Further more, it shows increased circulation of family shaped bottles/market bottles helped the company cap its costs and safeguard itself in a scenario of rising glass prices, stated the company's press release. Commenting on these results, Amit Dahanukar, Chairman & MD, Tilaknagar Industries Ltd, said, “TI has displayed healthy performance this quarter, which reinforces our earnest endeavors to extend volume growth whilst generating higher margins. This further resonates that our high earning premium brands and differentiated products are providing the momentum, for us, to continue penetration in our core markets and simultaneously set footprints in new regions.”
Source
Commis II Indian - Jobs in India