News: Radico's Q4FY22 revenues grew 18% to |813 crore, led by overall IMFL volume growth of 16% (82% of consolidated revenues). However, EBITDA de-grew 22% YoY to |80 crore, led by 490 bps contraction in EBITDA margins to 9.8% (530 bps contraction in gross margins mainly due to higher commodity inflation, particularly in non-IMFL business). Subsequently, PAT de-grew 32% to | 50 crore
Views: The company has received price hikes in few states, which would offset input price pressure to a large extent. The management also expects improved profitability due to backward integration from Rampur dual feed plant (commencement in Q3FY22). Net Debt has further reduced by |74 crore to | 116 crore in FY22
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