Tilaknagar Industries Guides High Single to Low Double-Digit Volume Growth in FY27

$TI expects high-single-digit to low-double-digit volume growth for its combined business in FY27, with revenues set to outpace volumes by at least 300 basis points. From FY28, the company targets mid-teens annual volume growth driven by new launches. Consolidated EBITDA margins are aimed at 16-18% by FY29, improving from a 15.5% base. Net debt is projected to fall to around ₹1,700 crore by March 2027 from ₹2,100 crore currently, with a net debt-to-EBITDA ratio below 1x by March 2029. A Telangana price hike in Q2 could add 150-200 bps to margins on an annualised basis. Top stocks in the alcoholic beverages industry: $UNITDSPR , $RADICO , and $UBL .