Tilaknagar Industries Limited · NSE:TI
Tilaknagar Industries — Merger or Acquisition (July 2025)
16 slides from Tilaknagar Industries's merger presentation, Jul 23, 2025
Slide 1: Exchange filing cover letter
July 23, 2025 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block-G, Dalal Street, Bandra-Kurla Complex, Bandra (East), Mumbai 400001 Mumbai-400 051. Scrip Code : 507205 Symbol : TI Sub: Investor Presentation for Acquisition of Imperial
Slide 2: Acquisition of Imperial Blue Business
Acquisition of Imperial Blue Business Investor Presentation | July 2025 Drink responsibly: The consumption of alcoholic beverages should always be approached responsibly and with awareness.
Slide 3: Transformational opportunity marking a strategic expansion into the whisky category
Transformational opportunity marking a strategic expansion into the whisky category 3 Category Top 3 34m cases expansion Acquisition of the 3rd …to create a pan-India …marking TI’s foray into largest brand in the player with combined whisky segment, the Indian-made foreign annual sales (TI + IB) of
Slide 4: Imperial Blue at a glance
Imperial Blue at a glance India is the largest spirits(a) and whisky market, No. 1 +9.3% 20m Rise in middle-class with attractive volume and value growth Whisky market volume people over LDA(c) consumers Spirits market(a) CAGR 2020-2024(b) added annually Scaled pan-India presence enabling TI to bett
Slide 5: Agenda
Agenda 1 Imperial Blue: A scarce, transformational opportunity 2 Strategic rationale 3 Transaction overview 4 Combination overview 5 Potential synergies Tilaknagar Industries Ltd. 3
Slide 6: Whisky is the largest IMFL spirits category in India
Transformational opportunity Rationale Transaction Combination Synergies Whisky is the largest IMFL spirits category in India… Whisky is the largest category within the Western Style Spirits segment… …with a fast-growing TAM Million 9Lc Gin & CAGR: ~9% 259 Vodka other 4% 1% Rum 12% The acquisition f
Slide 7: Where Imperial Blue has a strong heritage
Transformational opportunity Rationale Transaction Combination Synergies … where Imperial Blue has a strong heritage #3 Top 3 20+ 25+ years Whisky brand globally by Whisky brand in India Countries Brand heritage volume ~9% ~22 mn 30x 15x Volume share in the Indian Sales volume (9Lc) in Net sales up
Slide 8: Multiple tailwinds make Imperial Blue a compelling strategic opportunity
Transformational opportunity Rationale Transaction Combination Synergies Multiple tailwinds make Imperial Blue a compelling strategic opportunity… 05 04 03 02 01 Geographic expansion Strong synergy potential into fast-growing Gain strong foothold in markets across India Combination to establish the
Slide 9: In line with TI's growth strategy and whisky premiumisation strategy
Transformational opportunity Rationale Transaction Combination Synergies …in line with TI’s growth strategy and unlocking its whisky premiumisation strategy Achieve regional Enhance product portfolio diversification ▪ Build scale to capture growth within the ▪ Complementary geographic highly attract
Slide 10: Transaction overview
Transformational opportunity Rationale Transaction Combination Synergies Transaction overview Imperial Blue overview ▪ Imperial Blue is a superior blend of Indian grain spirits and imported Scotch malts launched in India in 1997 ▪ TI is acquiring IB via slump sale, for a lump sum consideration basis
Slide 11: Transaction perimeter
Transformational opportunity Rationale Transaction Combination Synergies Transaction perimeter Business continuity Trademarks Intellectual property Manufacturing footprint Raw material supply and support ▪ "Imperial Blue” and ▪ Blending recipe for IB ▪ Mix of owned and ▪ Long-term supply ▪ PRI to tr
Slide 12: A resilient diversified player across categories with pan-India presence
Transformational opportunity Rationale Transaction Combination Synergies A resilient diversified player across categories with pan-India presence LTM Mar-25 East East East North North West 4%(c) 13% 23% 17%(b) 32%(b) 3%(c) West Regional 14% split(a) West 19%(b) South South South 50% 32%(b) 93%(c) Vo
Slide 13: Imperial Blue will strengthen TI's portfolio, providing a strong expansion platform
Transformational opportunity Rationale Transaction Combination Synergies Imperial Blue will strengthen TI’s portfolio, providing a strong expansion platform PF volume Brandy Additional growth avenues 31% • Accelerate premiumisation Monarch Legacy Mansion House Mansion House Mansion House Mansion Hou
Slide 14: Combination with Imperial Blue will create a leading pan-India spirits player
Transformational opportunity Rationale Transaction Combination Synergies Combination with Imperial Blue will create one of the leading pan-India spirits player TI sales and distribution network is concentrated in the South… … and the combination with IB will expand coverage across all Indian territo
Slide 15: Potential to capture significant growth and cost synergies
Transformational opportunity Rationale Transaction Combination Synergies Potential to capture significant growth and cost synergies Growth synergies Cost synergies Increased scale and cross-selling, access to export markets Opportunities to reap operating leverage Strong position in value segment, b
Slide 16: Disclaimer
Disclaimer This presentation may include statements which may constitute forward-looking statements including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Tilaknagar Industries’ future business developments, market posi
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