London Spirits Competition

Monarch Legacy Edition by Tilaknagar Industries Ltd. (TI) has bagged a bronze medal in the brandy category, thus becoming the only Indian brandy to win at the London Spirits Competition 2025. Monarch is pure grape luxury brandy that is crafted with a blend of French and Indian grape spirits. This year’s edition of the London Spirits Competition had over 500 entries from more than 30 countries.

Tilaknagar said that Brandy which is the second largest category within the IMFL (Indian Made Foreign Liquor) segment, has seen relatively little disruption or innovation over the years. That narrative, it mentioned, is changing with Monarch Legacy Edition.

“This is a huge win — not just for Monarch, but for Indian brandy,” said Amit Dahanukar, Chairman & Managing Director, Tilaknagar Industries Ltd. “We launched Monarch to shift the conversation around Indian brandy. This complex spirit has so much potential when it’s made with care — but it often does not get the recognition it deserves. With over 40 years of expertise in brandy-making, we felt a responsibility to change that. For Monarch’s very first international showing to earn a win like this — it’s a strong validation of everything we set out to do.”

“In a contest dominated by celebrated brandy-producing nations such as France, Spain, and Australia, Monarch’s recognition marks a significant milestone—not just for the brand, but for India’s evolving spirits landscape, particularly the brandy market. And we’re excited to lead this shift,” said Sanaya Dahanukar, Marketing Manager, Tilaknagar Industries Ltd.

Monarch is a blend of French grape spirits aged up to eight years and selected Indian grape spirits from Maharashtra’s Sahyadri region — a nod to local terroir. It is distilled in coal-fired copper pot stills using traditional Cognac-style methods and matured in French oak ex-wine casks, it’s a spirit with depth, nuance, and serious character. Its flavour brings together notes of dried fruit, velvety oak, and warm spice. The aroma is rich grape and fruit notes with subtle hints of apple, nutmeg, and tobacco, while there is velvety sweetness balanced by creamy oak and indulgent dried fruits on the palate. The finish is long and warm with cinnamon, peach, and clove nuances.

Packaging

The symmetrical ridges of the bottle catch and refract the light, enhancing the deep amber tones of the liquid within. The golden metallic label, shaped like a shield, is among the few in India’s spirits industry to be crafted from metal. The bottle, inspired by royal chalices, has a metal-plated shield label and a mono carton featuring miniature style paintings of kings — creating a standout bottle.

Launched in November 2024, Monarch Legacy Edition marks TI’s move into the super-luxury space, expanding a portfolio that already includes global success stories like Mansion House Brandy and Courrier Napoleon.

The brandy has ABV 42.8% in a 750 ml bottle. The MRP is ₹ 6750 in Maharashtra, ₹4000 in Goa, and ₹3500 in Pondicherry.

IMFL manufacturer Tilaknagar Industries Limited (TI) has reported a major spurt in revenue and profit for Q1 2025. The company’s net revenue from operations grew 13.1% from ₹359 crore to ₹406 crore in the corresponding quarter last year. While the profit after tax (PAT), excluding exceptional items, showed a growth of 95.7%, rising to ₹77.35 crore from the ₹39.52 crore reported in the year-ago period.

TI reported a 62.6% growth in EBITDA from ₹48 crore to ₹78 crore in Q4 FY24, and they attribute this to improved operational efficiencies and volume-led growth,. Adjusted for subsidy income, the EBITDA stood at ₹65 crore, a 35.5% Y-o-Y growth.

The EBITDA margin registered a growth of 588 basis points; rising from 13.4% to 19.3% during the period under reference. In Q4 FY 25, the company recorded a volume growth of 20.1% Y-o-Y, signaling a strong return to its growth trajectory. This performance was reinforced by the successful completion of the Andhra Pradesh Route to Market (RTM) transition, which had previously impacted volumes. The company also reported significant market share gains across all key states, further reinforcing its competitive position in the Indian IMFL landscape.

Speaking on the performance, Amit Dahanukar, Chairman & Managing Director, Tilaknagar Industries said, “We anticipate sustained momentum, supported by continued market share gains across all major Southern states.”

For FY25, TI reported consolidated net revenue of ₹1,434 crore, up 2.9% Y-o-Y, impacted by a price reduction in Andhra Pradesh and muted volume growth in the first nine months. Despite modest growth in net revenue, EBITDA rose by 37.4% to ₹255 crore while PAT surged 62.9% Y-o-Y to ₹230 crore.

In FY25, TI made further progress in reinforcing its balance sheet, reducing gross debt and achieving a net cash position of ₹107 crore as of March 31, 2025. The Board of Directors has recommended a dividend of ₹1 per equity share for FY25.

During the year, TI strengthened its market presence, maintaining its position as the third-largest player in the Prestige & Above (P&A) IMFL segment in Telangana and Karnataka and the largest IMFL player in Puducherry, reflecting strong brand equity and deep market penetration. Additionally, TI has commenced distribution of the Spaceman Spirits Lab (Spaceman) portfolio, including Samsara Gin, in select markets. This follows the usership agreement signed between Spaceman and TI, marking a strategic step towards expanding TI’s presence in the premium craft spirits segment.

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Monarch Legacy Edition Brandy Wins at London Spirits Competition