India's Tilaknagar Industries slumps as second quarter profit falls
** Indian liquor manufacturer Tilaknagar Industries TILK.NS falls 4.7% after second-quarter results ** Co's profit after tax drops 9.5% y/y, as net sales realizations (NSR) per case fall 4.7% y/y ** TILK says fall in NSR due to price reduction in Andhra Pradesh which took place in Q3 FY25, impacting Q2 base comparison ** PAT margin contracts to 13.2% from 15.4% y/y ** Still, volumes grow 16.2% y/y pushing net revenue 6.2% higher ** YTD, TILK shares up ~14.6% (Reporting by Ananta Agarwal in Bengaluru) ((Ananta.Agarwal@thomsonreuters.com))
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