Having claimed this Grade Two prize in each of the past two seasons en route to victory in the Hatton's Grace at Fairyhouse, Apple's Jade was a prohibitively priced 1-4 favourite to complete the hat-trick - despite failing to run up to her best during the spring.
Ridden by Robbie Power for the first time, the 10-time Grade One winner went straight to the lead, but repeatedly jumped out to her right and could never shake off Magic Of Light - who was last seen filling the runner-up spot behind Tiger Roll in the Grand National at Aintree.
That pair rounded the home turn together, while in their slipstream was the Willie Mullins-trained Bacardys under a confident-looking Paul Townend.
It was clear halfway up the straight that Apple's Jade was struggling to hold on to her crown, and 100-30 chance Bacardys ultimately eased clear for a nine-and-a-half-length success.
BACARDYS swoops by under @PTownend to get the better of Apple's Jade and land the (Grade 2) Lismullen Hurdle at @NavanRacecourse in impressive style on his reappearance for @WillieMullinsNH!— Timeform Live (@TimeformLive) November 10, 2019
Patrick Mullins, assistant to his father, said: "He deserved that - it's his first win since I won on him at Punchestown a couple of years ago.
"He looked fantastic in the parade ring beforehand. Myself and Willie had a bit of an argument about three weeks ago, because he wanted to school him over fences and I was saying he should stay over hurdles. We won one argument with him, which is unusual!
"He ran very well in the spring in those staying hurdles, but was always coming off a bad chasing preparation.
"Hopefully now, with a full season over hurdles, he can be competitive in the Stayers Hurdle' at Cheltenham and Punchestown.
"He'll probably go for the Hatton's Grace now and then the three-mile hurdle in Leopardstown at Christmas."