Tamil Nadu contributes 30 percent to Tilaknagar's total volumes and the operations of the company are expected to normalise in Q2FY16.
Liquor firm Tilaknagar Industries is looking to raise around Rs 200-300 crore through sale of non-core assets, Amit Dahanukar, CMD of the company said in an interview to CNBC-TV18.
The Q2 FY15 net sales of the company reported muted performance on account of zero sales in Tamil Nadu due to bottling issues in the region.
According to K Narasimhan, unlike last year, this year had more than fresh air of negative surprises for the industry due to elections. "This just puts off by another six-eight months, then the industry will see few more decontrols coming in the industry to take care of the inflation and the cost," he adds.
After Diageo acquired majority stake in United Spirits, the interest in liquor segment has gone up considerably, says Tilaknagar Industries' deputy MD K Laxmi Narasimhan.
In an interview to CNBC-TV18, Amit Dhanunkar, chairman and managing director of Tilaknagar Industries says, the volumes will grow around 20% this year.