Radico Q2FY23 revenues remained flattish QoQ to Rs 761 crore, as 21% growth in P&A segment (Rs 361 crore) was negated by 18% de-growth in popular segment (Rs 241 crore). EBITDA margins contracted 40 bps QoQ to 11.8% and subsequently, clocking flattish EBITDA at Rs 90 crore. PAT de-grew 12% to Rs 55 crore.
Although commodity inflation continues to impact GMs. the management is pursuing price increases in few states, coupled with premiumisation , portfolio rationalisation and value engineering to drive higher proftability. Net Debt for the company has increased by Rs172 crore in H1 to Rs 288 crore, due to capex on new projects
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