India, Sept. 27 -- The company is in the middle of a major transition following its acquisition of Imperial Blue. The strategy is no longer just about growing its existing Mansion House franchise. It is about using Imperial Blue's national distribution network to build a broader premium and luxury spirits portfolio while improving the economics of the acquired business. More than 90% of Imperial Blue operations have already moved under Tilaknagar's own operations.

Tilaknagar Industries trades at around Rs 580, giving it a market capitalization of roughly Rs 14,366 crore. Its 52-week range is Rs 372-Rs 608, while the consolidated P/E is around 63x. The stock is therefore trading much closer to its recent high than its 52-week low, making...