Tilaknagar Industries rallies up to 5%, hits fresh record high; check details around Imperial Blue whisky biz acquisition

The acquisition will make TIL, which owns brands such as Mansion House Brandy, Courrier Napoleon Brandy, Mansion House Gold Whisky and Blue Lagoon Gin, a leading player in the fast-growing whisky market.

Both parties -- TIL, an Indian-Made Foreign Liquor (IMFL) manufacturer, and Pernod Ricard India -- have entered into a definitive agreement for the transaction related to the sale of the Imperial Blue business division (IB), according to separate statements issued by both companies.

According to TIL, it is acquiring the Imperial Blue business from Pernod Ricard India (PRI) "via slump sale at an enterprise value of 412.6 million euros (around ₹4,150 crore)".

The consideration includes a deferred payment of 28 million euros (₹282 crore as of the date), to be paid four years after the date of the closure of the transaction, said a joint statement.

Imperial Blue is the third-largest whisky brand in India by volume. It has reported a revenue of ₹3,067 crore for the year ended March 2025.

"The proposed transaction includes the acquisition of the Imperial Blue, with 22.4 million 9-litre cases sold in the year ended March 2025 across India and other markets, including two owned units and services from co-manufacturing bottlers across India," it said.

According to TIL, one of the primary objectives with regard to the acquisition of Imperial Blue Business Undertaking is to "create a pan-India IMFL business".

IMFL stands for Indian-made foreign liquor.

"The acquisition marks the company's foray into the Indian whisky segment," it said.

The transaction is expected to be completed in a six-month period. However, it remains subject to regulatory approvals, such as from the Competition Commission of India.

Pernod Ricard chairman and CEO Alexandre Ricard said the sale of the Imperial Blue business division is a strategic move to sharpen focus on more profitable and faster-growing brands in India.

"This transaction represents a win-win for all stakeholders involved, both at the global and local levels. It fuels our ambition to succeed even further in one of our top markets," Ricard said.

Tilaknagar Industries Q4 FY25 Results

The company, according to news reports, reported over a twofold jump in its profit during the fourth quarter of the financial year 2025. Net profit of Tilaknagar Industries rose 145.95% to ₹77.35 crore in the quarter ended March 2025 as against ₹31.45 crore logged during the previous quarter ended March 2024.

Revenue rose 13.11% to ₹405.81 crore as against ₹358.78 crore registered during the previous quarter ended March 2024, the reports said.

(With inputs from PTI)