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Radico Khaitan Results: Latest Quarterly Results & Analysis

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Radico Khaitan Ltd. 29 Oct 2025 15:03 PM
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Q2FY26 Quarterly Result Announced for Radico Khaitan Ltd.

Breweries & Distilleries company Radico Khaitan announced Q2FY26 results

  • Revenue from Operations: Rs 1,493.9 Crore, change 22.8% YoY.
  • EBITDA: Rs 236.1 crore, change 45.4% YoY.
  • Gross Profit: Rs 652.0 crore, change 33.9% YoY
  • Total Comprehensive Income: Rs 137.8 crore, change 68.9% YoY.

Lalit Khaitan, Chairman & Managing Director, said: “I am pleased to report a stellar performance in Q2FY26, reaffirming our commitment to value-led growth and resilience in a dynamic operating environment. Supported by a stable raw material scenario, our continued focus on premiumization, and operating leverage, we delivered strong operating margins while deepening consumer and market engagement. Although the global trade situation has posed short-term challenges for exports, our robust domestic portfolio underscores the inherent strength and agility of our business model. As Indian consumer aspirations evolve and regulatory reforms progress, we remain confidently positioned to accelerate the next phase of our journey i.e., driving profitable growth, enhancing cash flows, and delivering long-term value for our shareholders.”

Abhishek Khaitan, Managing Director, said: “Our premium-first strategy continues to deliver exceptional results, reinforcing Radico Khaitan’s standing as one of India’s most aspirational spirits companies. Morpheus Rare Luxury Whisky continues to strengthen its position in the super-premium whisky segment with expanding consumer reach across markets, while The Spirit of Kashmyr Vodka is now available in 7 states and is rapidly scaling its footprint across key metros and premium outlets. This momentum reflects the power of our longterm brand-building investments and the trust we’ve earned from discerning consumers. The Indian spirits landscape is undergoing a fundamental shift towards premiumization, and Radico Khaitan is uniquely positioned to lead this transformation. With a strong innovation pipeline, expanding distribution, and consistent brand investments, we are entering the next phase of accelerated, high-quality growth, both in India and across international markets.”

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Breweries & Distilleries company Radico Khaitan announced Q1FY26 results

  • Revenue from Operations: Rs 1,506.0 crore compared to Rs 1,136.5 crore during Q1FY25, change 32.5%.
  • EBITDA: Rs 230.7 crore compared to Rs 148.2 crore during Q1FY25, change 55.6%.
  • EBITDA Margin: 15.3% for Q1FY26.
  • PBT: Rs 177.6 crore compared to Rs 101.4 crore during Q1FY25, change 75.2%.
  • PAT: Rs 133.3 crore compared to Rs 76.3 crore during Q1FY25, change 74.7%.
  • PAT Margin: 8.9% for Q1FY26.

Lalit Khaitan, Chairman & Managing Director said: “Building on the strong momentum from the second half of last year, Radico Khaitan delivered a standout performance in Q1FY26. We continued to make significant progress on our premiumization journey, with our premium portfolio driving robust revenue growth. During Q1FY26, we recorded an impressive 37.5% IMFL volume growth, resulting in the highestever quarterly volumes, Net Sales, and EBITDA. A stable raw material environment and a favourable product mix contributed to meaningful margin expansion. The Company remains focused on delivering sustainable, profitable, and volume-led growth in the medium term, supported by the strengthening of its core premium brands and the expanding distribution of its recent premium & luxury launches. This performance reaffirms our strategic direction and ability to create long-term value.”

Abhishek Khaitan, Managing Director said: “FY26 marks a transformative phase in Radico Khaitan’s journey, as we took a bold step into the fast-growing superpremium whisky segment with the launch of Morpheus Super Premium Whisky. Another significant milestone is the introduction of The Spirit of Kashmyr, a luxury vodka crafted with the ambition to become a leading global brand. As the year unfolds, we remain confident in sustaining strong topline growth. With a broadly stable raw material environment and continued premiumization, we are well-positioned to deliver margin expansion and further net debt reduction. The Indian alcobev industry is evolving into a lifestyle-led category, driven by rising affluence and shifting consumer preferences. In this dynamic environment, Radico Khaitan is well-positioned to lead the next phase of growth, supported by its diversified portfolio, strong innovation pipeline, and growing presence in premium and luxury segments.”

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Breweries & Distilleries company Radico Khaitan announced Q3FY25 results

  • Total IMFL volume of 8.36 Million Cases ( 15.3%).
  • Prestige & Above brands volume of 3.67 Million Cases ( 17.7%).
  • Prestige & Above brands contribution to the IMFL volumes of 50.9% (vs. 49.9%).
  • Prestige & Above brands net sales of Rs 647.9 crore ( 24.7%).
  • Prestige & Above brands contribution to the Total IMFL sales value of 72.5% (vs. 71.3%).
  • Revenue from Operations (Net) of Rs 1,294.2 crore ( 11.5%).
  • Gross Profit of Rs 556.8 crore ( 14.6%) at 43.0% margin.
  • EBITDA of Rs 183.2 crore ( 28.8%) at 14.2% margin.
  • Total Comprehensive Income of Rs 95.4 crore ( 30.0%).

Lalit Khaitan, Chairman & Managing Director said: “Despite challenges in overall consumption growth, the spirits industry in India has experienced strong momentum, particularly driven by premium brands. In this context, we have delivered an impressive operational performance in Q3FY25. Our premium brands have maintained their robust growth trajectory, and the regular brands have also shown a sharp recovery after nine quarters of decline. We continue to advance our strategy of elevating Indian brands to a global scale, meeting evolving consumer aspirations, driving growth through premiumization, and exploring new opportunities in the spirits industry. We are confident in the medium to long-term potential of the Indian spirits industry and Radico Khaitan’s competitive growth prospects.”

Abhishek Khaitan, Managing Director said: “Building on the strong momentum from the first half, Radico Khaitan achieved industry-leading IMFL volume growth of 15.3% YoY in Q3FY25. We anticipate this strong momentum to continue in the near term. The Prestige & Above category volume saw a 17.7% increase. Our existing premium brand sales and new product development pipeline remains robust. We are committed to delivering superior performance across our portfolio. Luxury & Semi-Luxury brands crossed net sales value of Rs 100 crore in Q3FY25 and Rs 250 crore in 9MFY25. Reflecting the exceptional demand in the domestic as well as international markets, we expect these segments to cross Rs 500 crore net sales mark in FY26. Radico Khaitan’s strategic priorities remain focused on brand building, sustained profitable growth, and long-term value creation for our stakeholders.”

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Breweries & Distilleries company Radico Khaitan announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights:

  • Total IMFL volume of 6.78 Million Cases (-2.5%) o Prestige & Above brands volume of 3.20 Million Cases ( 12.6%).
  • Prestige & Above brands net sales of Rs 578.0 crore ( 18.0%).
  • Prestige & Above brands contribution to the IMFL volumes of 53.2% (vs. 47.1%).
  • Prestige & Above brands contribution to the Total IMFL sales value of 75.7% (vs. 70.0%).
  • Revenue from Operations (Net) of Rs 1,116.3 crore ( 20.7%).
  • Gross Profit of Rs 487.0 crore ( 19.3%) at 43.6% margin o EBITDA of Rs 162.4 crore ( 34.7%) at 14.5% margin.
  • Total Comprehensive Income of Rs 81.6 crore ( 33.0%).

H1FY25 Financial Highlights:

  • Total IMFL volume of 13.85 Million Cases (-3.3%).
  • Prestige & Above brands volume of 5.93 Million Cases ( 13.4%).
  • Prestige & Above brands net sales of Rs 1,077.6 crore ( 18.5%).
  • Prestige & Above brands contribution to the IMFL volumes of 48.2% (vs. 41.6%).
  • Prestige & Above brands contribution to the Total IMFL sales value of 71.4% (vs. 64.7%).
  • Revenue from Operations (Net) of Rs 2,252.8 crore ( 19.9%).
  • Gross Profit of Rs 953.5 crore ( 15.7%) at 42.3% margin o EBITDA of Rs 310.6 crore ( 29.7%) at 13.8% margin.
  • Total Comprehensive Income of Rs 157.4 crore ( 26.7%).

Lalit Khaitan, Chairman & Managing Director said: “We continued to deliver strong operational performance in Q2FY25, achieving 12.6% growth in the Prestige & Above category, along with sequential improvement in EBITDA margins. Radico Khaitan has achieved double-digit premium volume growth for 12 consecutive quarters. Over the past three years, we have faced unprecedented inflationary pressures, which impacted our operating margins. However, by focusing on innovation and investing in our premium brand portfolio, we have successfully navigated these challenging times. With the worst of the input cost pressures behind us, we expect to continue delivering consistent and profitable growth. I am highly optimistic about the growth opportunities in the Indian alcobev sector and confident in our strategic roadmap, which will create long-term sustainable value for all our stakeholders.”

Abhishek Khaitan, Managing Director said: “Q2FY25 marked a significant turnaround in our operational performance, underscoring the strength of our robust business model. Innovation remains a core strength of Radico Khaitan, and in line with our strategy of expanding our luxury portfolio, we launched the newest expression of Rampur Indian Single Malt, Barrel Blush. Initially matured in American Bourbon barrels and finished in Australian Shiraz wine casks, it stands for tradition and expert craftsmanship. Ahead of the festive season, we launched a new campaign for one of our most successful brands, Royal Ranthambore, featuring Bollywood star Saif Ali Khan, which is expected to elevate the brand to new heights. We are making strong progress on our strategic roadmap and remain confident in delivering results in line with our expectations.”

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Breweries & Distilleries company Radico Khaitan announced Q1FY25 results:

  • Total IMFL volume of 7.07 Million Cases (-4.0%)
  • Prestige & Above brands volume of 2.73 Million Cases ( 14.3%)
  • Prestige & Above brands net sales of Rs 499.5 crore ( 19.1%)
  • Prestige & Above brands contribution to the IMFL volumes of 43.4% (vs. 36.5%)
  • Prestige & Above brands contribution to the Total IMFL sales value of 67.0% (vs. 59.5%)
  • Revenue from Operations (Net) of Rs 1,136.5 crore ( 19.1%)
  • Gross Profit of Rs 472.0 crore ( 13.5%) at 41.5% margin
  • EBITDA of Rs 148.2 crore ( 24.6%) at 13.0% margin
  • Total Comprehensive Income of Rs 75.7 crore ( 20.6%)

Commenting on the results and performance, Lalit Khaitan, Chairman & Managing Director said: “During Q1 FY2025, we achieved strong premium volume growth despite a challenging operating environment. External factors such as lower consumption growth, concerns about ongoing foodgrain inflation, and volatile commodity prices did not deter us from delivering robust operating performance. We remain confident in the medium to long-term potential of the Indian IMFL sector. With our distinguished portfolio of luxury and premium brands, coupled with our execution expertise and an expansive distribution network, Radico Khaitan is well-positioned to seize forthcoming industry opportunities. We will continue enhancing our brand portfolio to outperform the industry. Moving forward, we will stay focused on our strategic priorities and deliver consistent and profitable growth.”

Commenting on the results and performance, Abhishek Khaitan, Managing Director said: “FY2025 started on a positive note as we continued to deliver on our strategic roadmap. During the quarter, we launched Rampur Asava, Sangam, and Jaisalmer Gold Edition in India, enhancing the experience for connoisseurs of luxury brands. Our plan is to broaden the distribution of these distinguished brands throughout the year. We remain committed to curating a focused portfolio of premium brands that resonate with consumer aspirations. Moving forward, we will invest in strengthening our brand portfolio through targeted marketing and the introduction of select new brands in the luxury and premium space. As the year progresses, we expect the broader raw material basket to remain stable. Coupled with ongoing premiumization, we anticipate staying on track with our margin expansion trajectory.”

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Breweries & Distilleries company Radico Khaitan announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Total IMFL volume of 7.16 Million Cases (-1.2%)
  • Prestige & Above brands volume of 2.92 Million Cases ( 14.2%)
  • Prestige & Above brands net sales of Rs 503.5 crore ( 16.1%)
  • Prestige & Above brands contribution to the IMFL volumes of 49.6% (vs. 40.2%)
  • Prestige & Above brands contribution to the Total IMFL sales value of 73.2% (vs. 65.8%)
  • Revenue from Operations (Net) of Rs 1,078.7 crore ( 29.7%)
  • Gross Profit of Rs 442.0 crore ( 31.0%) at 41.0% margin
  • EBITDA of Rs 125.6 crore ( 56.8%) at 11.6% margin
  • Total comprehensive income of Rs 59.1 crore ( 62.1%)

FY24 Financial Highlights:

  • Total IMFL volume* of 28.73 Million Cases ( 1.7%)
  • Prestige & Above brands volume of 11.26 Million Cases ( 20.3%)
  • Prestige & Above brands net sales of Rs 1,932.4 crore ( 29.2%)
  • Prestige & Above brands contribution to the IMFL volumes of 45.6% (vs. 37.5%)
  • Prestige & Above brands contribution to the Total IMFL sales value of 68.5% (vs. 59.8%)
  • Revenue from Operations (Net) of Rs 4,118.5 crore ( 31.0%)
  • Gross Profit of Rs 1,752.0 crore ( 33.2%) at 42.5% margin
  • EBITDA of Rs 507.3 crore ( 41.6%) at 12.3% margin
  • Total comprehensive income of Rs 256.7 crore ( 26.7%)

Commenting on the results and performance, Dr. Lalit Khaitan, Chairman & Managing Director said: “FY2024 has been a year of consolidation for Radico Khaitan. During the year, we delivered strong operational performance despite a difficult macroeconomic environment. We ended the year with robust Prestige & Above brand volume growth, underscoring the strength of our brand portfolio and excellent execution capabilities. Radico Khaitan has been strengthening its core brands through focused marketing investments and launching select new brands in the super-premium and luxury segments.

We remain focused on implementing our strategic plan by driving operational efficiency, introducing innovative products, and expanding our presence both on-trade and off-trade to sustain long-term profitable growth. During the year, we completed the commissioning of our 350 KLPD distillery at Sitapur. The commissioning of this facility not only secures long-term ENA supplies but also positions us strongly to capitalize on future growth opportunities in the branded business with enhanced bottling capacities.

With rising affluence, low per-capita consumption levels, and a strong premiumization trend, we are confident in the mid-to long-term potential of the Indian alcobev sector. To continue serving discerning consumers, Radico Khaitan is progressing well on its brand creation journey with innovation and consumer aspirations at its core, backed by our integrated manufacturing facilities and distribution platform.”

Commenting on the results and performance, Abhishek Khaitan, Managing Director said: “Radico Khaitan continues to deliver robust premium volume growth driven by our integrated brand strategy. We remain committed to a focused product portfolio of premium brands where consumer aspirations drive brand choice. From ideation to blend development, packaging, marketing, brand communication, distribution, and delivering value to consumers, we have a well-defined roadmap at each stage of the product life cycle. We are confident that these strategies will continue to help us deliver balanced growth and value creation for all our stakeholders.

While the premium segment continued to see strong positive traction, demand trends in the regular category remained below expectations owing to a general up-trending by certain consumers and a slowdown at the lower end. Given our premiumization focus, our Prestige & Above category brands today account for 46% of our IMFL sales volume and 69% of IMFL sales value. In this context, it is heartening to note that the Magic Moments brand family has achieved 6.3 million case sales and crossed the milestone of Rs. 1000 Crore in sales value, growing at 25% over last year.

During FY2024, while the prices of certain packaging materials have been stable, the cost of grain, ENA, and glass has been volatile. This has led to significant pressure on our gross margins. However, with our premium product mix and price increases, we have been able to offset the pressure of raw material prices. With the expectations of a normal monsoon and better crop yield, we are seeing early signs of softening grain prices. We believe that the worst of the input cost increases is behind us, and we expect to benefit from any tailwinds in raw material prices in FY2025.”

Result PDF

Breweries & Distilleries company Radico Khaitan announced Q3FY24 & 9MFY24 results:

  • Q3FY24 vs Q3FY23:
    • Total IMFL volume reached 7.25 million cases, showing a growth of 3.7%.
    • Prestige & Above brands volume amounted to 3.11 million cases, marking a significant increase of 20.2%.
    • Prestige & Above brands net sales totaled Rs 519.7 crore, reflecting a substantial growth of 29.1%.
    • Prestige & Above brands contributed 49.9% to the IMFL volumes, compared to 42.4% previously.
    • Prestige & Above brands contributed 71.3% to the Total IMFL sales value, compared to 63.4% previously.
    • Revenue from Operations (Net) stood at Rs 1,160.9 crore, exhibiting a notable growth of 46.6%.
    • Gross Profit amounted to Rs 485.8 crore, showing a significant increase of 48.4% with a margin of 41.8%.
    • EBITDA stood at Rs 142.2 crore, showing a growth of 47.6% with a margin of 12.2%.
    • Total comprehensive income amounted to Rs 73.4 crore, showing a growth of 29.5%.
  • 9MFY24 vs 9MFY23:
    • Total IMFL volume reached 21.57 million cases, showing a growth of 2.7%.
    • Prestige & Above brands volume amounted to 8.34 million cases, marking a significant increase of 22.7%.
    • Prestige & Above brands net sales totaled Rs 1,428.9 crore, reflecting a substantial growth of 34.5%.
    • Prestige & Above brands contributed 44.4% to the IMFL volumes, compared to 36.5% previously.
    • Prestige & Above brands contributed 67.0% to the Total IMFL sales value, compared to 57.7% previously.
    • Revenue from Operations (Net) stood at Rs 3,039.8 crore, exhibiting a notable growth of 31.5%.
    • Gross Profit amounted to Rs 1,310.0 crore, showing a significant increase of 34.5% with a margin of 43.1%.
    • EBITDA stood at Rs 381.7 crore, showing a growth of 37.3% with a margin of 12.6%.
    • Total comprehensive income amounted to Rs 197.6 crore, showing a growth of 19.0%.

Commenting on the results and performance, Dr. Lalit Khaitan, Chairman & Managing Director said: “Radico Khaitan has delivered another quarter of resilient performance with strong business fundamentals amidst a challenging operating environment. Our commitment to delivering value to our consumers, execution excellence, increasing investments in brands, and driving premiumization remains a cornerstone of our success. While the demand for the regular category brands was muted, premium brands growth remained robust. With positive macro indicators, continued government spending and a favorable consumer sentiment, we believe that the consumption should see an uptrend in the future. We are confident of the mid to long term potential of Indian Alcobev sector and Radico Khaitan remains well positioned to capitalize on this opportunity whilst steering the short-term challenges.”

Commenting on the results and performance, Abhishek Khaitan, Managing Director said: “We started the calendar year 2024 on an exciting note with the launch of Spirit of Victory 1999 Pure Malt whisky. Priced at Rs 5000, this brand is targeted at the mid-priced luxury segment. Our Master Blender has travelled over the world to evaluate various single malts and has blended them meticulously together with our Indian single malt to craft this exquisite pure malt. We are confident that 1999 Pure Malt will go on to create a mark of its own as many of our previous luxury brands. During Q3FY24, our Prestige & Above category brands delivered a strong 20% growth and now account for about 50% of total IMFL volumes. It is heartening to note that due to our focus on financial discipline, we have been able to reduce our net debt by over Rs 100 crore on sequential basis. We remain committed to our integrated growth strategy of a focused premium product portfolio, brand innovation, an agile organization and delivering value to our consumers and stakeholders.”

 

Result PDF

Breweries & Distilleries company Radico Khaitan announced Q2FY24 & H1FY24 results:

  • Q2FY24 vs Q2FY23:
    • Total IMFL volume of 6.96 Million Cases (-3.1%)
    • Prestige & Above brands volume of 2.84 Million Cases ( 21.8%)
    • Prestige & Above brands net sales of Rs 489.7 crore ( 35.6%)
    • Prestige & Above brand's contribution to the IMFL volumes of 47.1% (vs. 37.9%)
    • Prestige & Above brand's contribution to the Total IMFL sales value of 70.0% (vs. 59.2%)
    • Revenue from Operations (Net) of Rs 925.0 crore ( 21.5%)
    • Gross Profit of Rs 408.3 crore ( 29.1%) at 44.1% margin ( 259 bps)
    • EBITDA of Rs 120.6 crore at 13.0% margin ( 127 bps)
    • Total comprehensive income of Rs 61.4 crore ( 19.3%)
  • H1FY24 vs H1FY23:
    • Total IMFL volume of 14.32 Million Cases ( 2.3%)
    • Prestige & Above brands volume of 5.23 Million Cases ( 24.2%)
    • Prestige & Above brands net sales of Rs 909.2 crore ( 37.7%)
    • Prestige & Above brand's contribution to the IMFL volumes of 41.6% (vs. 33.7%)
    • Prestige & Above brand's contribution to the Total IMFL sales value of 64.7% (vs. 54.6%)
    • Revenue from Operations (Net) of Rs 1,878.9 crore ( 23.7%)
    • Gross Profit of Rs 824.2 crore ( 27.5%) at 43.9% margin ( 132 bps)
    • EBITDA of Rs 239.5 crore at 12.7% margin ( 79 bps)
    • Total comprehensive income of Rs 124.2 crore ( 13.5%)

Commenting on the results and performance, Dr. Lalit Khaitan, Chairman & Managing Director said, “Radico Khaitan continued its robust performance in line with our expectations despite a challenging operating environment. This was led by broad-based growth across our premium portfolio. Industry volume growth, particularly in the regular category, remained muted during the quarter. We expect demand momentum to improve with the upcoming festive season. The recent commissioning of the greenfield grain distillery at Sitapur is a significant milestone development in the history of Radico Khaitan and augurs well for our future growth trajectory. We are committed to our long-term strategy of delivering sustainable premium volume growth. With our strong backward integrated platform and dedication to brand excellence, we are confident in our ability to capitalize on the long-term growth prospects within the Indian spirits industry.”

Commenting on the results and performance, Abhishek Khaitan, Managing Director said, “During Q2 FY24, we delivered a strong growth of 22% in our Prestige & Above category brands. We are making remarkable progress in further expanding our brand portfolio and launched the next two whiskies in the Jugalbandi series of eight Indian Single Malt whiskies, i.e. Jugalbandi #3 and #4, at The Whisky Show in London. With our Rampur Indian Single Malt portfolio, we have always strived to take India to the World and the recent launch is a testament to our brand creation capabilities and celebrates an ancient Indian art form. Despite a volatile cost environment, our EBITDA margins have sustained on a sequential basis. We are confident that we are making progress in the right direction with our business strategies. We are focused on delivering value-led growth, managing business with agility, harnessing the strength of our extensive distribution network and manufacturing platform, while consistently improving our profit margins.”

 

Result PDF

Breweries & Distilleries company Radico Khaitan announced Q1FY24 results:

  • Total IMFL volume of 7.36 million cases ( 7.9%)
  • Prestige & Above brands volume of 2.39 million cases ( 27.2%)
  • Prestige & Above brands net sales of Rs 419.5 crore ( 40.3%)
  • Prestige & Above brands contribution to the IMFL volumes of 36.5% (vs. 29.6%)
  • Prestige & Above brands contribution to the Total IMFL sales value of 59.5% (vs. 50.0%)
  • Revenue from Operations (Net) of Rs 953.9 crore ( 25.9%)
  • Gross Profit of Rs 415.9 crore ( 26.1%)
  • EBITDA of Rs 118.9 crore ( 29.1%) at 12.5% margin
  • Total comprehensive income of Rs 62.8 crore ( 8.4%)

Commenting on the results and performance, Dr. Lalit Khaitan, Chairman & Managing Director said, “FY24 started on a strong note, in line with our expectations, as we delivered strong operational and financial performance. This year can be characterized as a year of transformation for Radico Khaitan as we continue to focus on our luxury and premium portfolio. Although, we have faced raw material pressure in the short term the mid to long-term growth and margin trajectory remain intact. Going forward, we will continue to invest in strengthening our brand portfolio and delivering value to our discerning consumers. Radico Khaitan is very well placed to benefit from the strong premiumization trend of the Indian spirits industry. Our Sitapur greenfield distillery project is progressing well and is in the last stage of implementation. We expect to start commercial production during Q2FY24.”

Commenting on the results and performance, Abhishek Khaitan, Managing Director said, “I am pleased to report that we have delivered another quarter of a strong double-digit Prestige & Above volumes growth which has exceeded our earlier guided growth rate of 15-18%. Overall, we have recorded significant improvement in sequential margins, which have been sustained on a YoY basis. This was aided by strong efforts on driving premium value growth, and price increases received over the last four quarters supported by easing inflation in certain raw materials. In line with our strategy of expanding the premium portfolio, we have recently launched a new super-premium gin called ‘Happiness in a Bottle’. This brand will also go on to create a unique position for itself and become a category creator as in many of our previous launches. We continue to monitor the business environment cautiously and remain committed to driving growth and profitability while navigating market challenges and capitalizing on the industry opportunities for the remainder of the financial year.”

 

 

Result PDF

Breweries & Distilleries firm Radico Khaitan announced Q4FY23 & FY23 results:

Q4FY23 vs Q4FY22:

  • Total IMFL volume of 7.24 Million Cases (-0.7%)
  • Prestige & Above brands volume of 2.55 Million Cases ( 17.4%)
  • Prestige & Above brands net sales of Rs 433.6 crore ( 18.2%)
  • Prestige & Above brands contribution to the IMFL volumes of 40.2% (vs. 30.5%)
  • Prestige & Above brands contribution to the Total IMFL sales value of 65.8% (vs. 55.3%)
  • Revenue from Operations (Net) of Rs 831.8 crore ( 2.4%)
  • Gross Profit of Rs 337.4 crore (-2.8%)
  • EBITDA of Rs 80.1 crore at 9.6% margin
  • Total comprehensive income of Rs 36.5 crore

FY23 vs FY22:

  • Total IMFL volume of 28.24 Million Cases ( 7.1%)
  • Prestige & Above brands volume of 9.35 Million Cases ( 19.8%)
  • Prestige & Above brands net sales of Rs 1,496.2 crore ( 23.9%)
  • Prestige & Above brands contribution to the IMFL volumes of 37.5% (vs. 30.2%)
  • Prestige & Above brands contribution to the Total IMFL sales value of 59.8% (vs. 52.3%)
  • Revenue from Operations (Net) of Rs 3,142.8 crore ( 9.6%)
  • Gross Profit of Rs 1,314.9 crore ( 1.9%)
  • EBITDA of Rs 358.2 crore at 11.4% margin
  • Total comprehensive income of Rs 202.6 crore

Commenting on the results and performance, Dr. Lalit Khaitan, Chairman & Managing Director said: “FY2023 can be characterized as a year of transformation for Radico Khaitan. Despite an overall challenging operating environment, we have delivered a broad based, premium volume growth across the portfolio and across geographies. Not only our core premium brands registered strong growth, but we also added two more brands to the millionaire club, i.e. Morpheus Premium Brandy and 1965 Spirit of Victory Premium Rum. Radico Khaitan now has seven brands with volume of a million cases annually. Our capex projects are progressing well within the estimated timelines. We are confident that we have the right strategies to deliver a balanced growth and value creation in the medium to long term.

Our performance in a tough inflationary environment clearly demonstrates the strength and consistency of our strategic initiatives, which helped us capitalize on our brand equity while continuing to innovate and deepen consumer connect. We remain committed to delivering a robust volume growth while continuing to invest behind our brands, expanding our domestic and international ontrade footprint, and focusing on a resilient and future ready supply chain.

Long term industry dynamics remain attractive, and going forward we believe that the Company is well-positioned to capitalize on the growth opportunities in the Indian IMFL industry. In line with our strategy of maintaining a balance between delivering returns to shareholders and preserving funds for growth capital, we propose a consistent dividend of Rs 3.00 per share.”

Result PDF

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