Brokerage Bullish On This Liquor Stock, Sees 40% More Upside

The returns delivered by Tilaknagar Industries over the past six years have been extraordinary, with the stock surging nearly 3,000% from its March 2020 lows. An investment of Rs 10,000 during that period would have grown to around Rs 3 lakh, highlighting the remarkable wealth creation for investors. (News18 Hindi)

Leading brokerage firm Ventura Securities has initiated coverage on the liquor company with a ‘Buy’ rating, expressing confidence that the stock’s rally may not be over yet. According to the brokerage, Tilaknagar Industries has the potential to scale new highs in the coming period and could surpass its previous records. (News18 Hindi)

However, the stock faced some pressure in the latest trading session. On Monday, shares of Tilaknagar Industries declined about 5.57% to close at Rs 428.65. The stock has also corrected more than 22% from its 52-week high of Rs 550, which it touched in October 2025. (News18 Hindi)

Ventura Securities has set a target price of Rs 598 for the stock, indicating a potential upside of nearly 40% from the current market price. (News18 Hindi)

The brokerage highlighted the company’s acquisition of the Imperial Blue whisky franchise as a significant strategic move. In addition, Tilaknagar Industries has acquired a 21.4% stake in Spaceman Spirits Lab, a step aimed at strengthening its presence among modern and younger consumers. (News18 Hindi)

Ventura Securities expects the company’s financial performance to remain robust over the next few years. The brokerage estimates that Tilaknagar Industries’ revenue could grow at a compound annual growth rate (CAGR) of 54.4%, crossing Rs 5,279 crore by FY28. Net profit is projected to grow by 11.1%, while EBITDA may reach Rs 762 crore, reflecting strong internal growth and improved margin management. (News18 Hindi)

Tilaknagar Industries competes with major players such as United Spirits and Radico Khaitan in the domestic liquor market. However, its strategy of focusing on premiumisation is expected to support long-term growth. (News18 Hindi)

The proposed India-UK free trade agreement could also provide an additional boost to the company, as a potential reduction in import duties may benefit the spirits industry. (News18 Hindi)

(Disclaimer: The stocks mentioned are based on brokerage recommendations. Investors should consult a certified financial advisor before making any investment decisions. News18 will not be responsible for any profit or loss arising from such investments.) (News18 Hindi)