Tilaknagar Industries Ltd. Acquires Imperial Blue Business from Pernod Ricard India

Tilaknagar Industries Ltd., a leading player in the Indian alcoholic beverage market, has announced a significant acquisition. The company, known for its flagship brand Mansion House, has signed definitive agreements to acquire the Imperial Blue whiskey business division from Pernod Ricard India. The transaction is valued at an enterprise value of Rs 4,150 crore (approximately 412.6 million euros).

Strategic Expansion

This acquisition marks a strategic expansion for Tilaknagar Industries, which is already the largest selling brandy in India and the second largest globally. By integrating the Imperial Blue brand, Tilaknagar aims to strengthen its position in the whiskey segment, complementing its existing portfolio of beverages that includes brandy, gin, rum, and flandy.

Financial Overview

As of July 21, 2025, Tilaknagar Industries’ stock closed at INR 470.35 on the National Stock Exchange of India. The company’s market capitalization stands at INR 76,320,000,000, with a price-to-earnings ratio of 33.37. The stock has seen significant volatility over the past year, with a 52-week high of INR 488 and a low of INR 199.53.

Recent Developments

In the lead-up to the acquisition, Tilaknagar Industries’ shares experienced a rally, increasing nearly 8% on July 21, 2025, ahead of a board meeting scheduled for July 23, 2025. The meeting was expected to discuss a potential fund-raising decision, which contributed to the heightened investor interest.

Corporate Actions

On the same day as the acquisition announcement, Tilaknagar Industries informed the exchange about several corporate actions. These included the incorporation of a wholly-owned subsidiary and an investor presentation. The company has also been proactive in communicating with the exchange, as evidenced by multiple press releases and notifications regarding the acquisition and other strategic initiatives.

Export and Operations

Tilaknagar Industries exports its products to regions including East and South-East Asia, Africa, the Middle East, and Europe. The company operates through one owned facility and approximately three operating liquor subsidiaries, along with 15 leased or tie-up units across India.

Conclusion

The acquisition of the Imperial Blue business is a strategic move for Tilaknagar Industries, aligning with its goal to diversify and strengthen its product offerings. This expansion into the whiskey market is expected to enhance the company’s competitive edge and drive future growth.