loader2
Partner With Us NRI

Radico Khaitan Ltd share Price Today

Company details

1,700.05
1,734.85
1,141.25
1,885.10
6M Return 1.66%
1Y Return 43.13%
Mkt Cap.(Cr) 23,031.74
Volume 96,202
Div Yield 0.17%
OI
-
OI Chg %
-
Volume 96,202

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

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

View Other Company Results

Radico Khaitan Ltd shares SWOT Analysis

Strengths (7)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Good quarterly growth in the recent results

Weakness (1)

  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (1)

  • RSI indicating price strength

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 1,738.2
R2 1,753.9
R3 1,773.0
Pivot

1,719.12

S1 1,703.4
S2 1,684.3
S3 1,668.6
EMA SMA
1,681.7
1,675.6
1,646.1
1,554.1
1,667.6
1,692.6
1,668.2
1,535.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-25 1046.6 238603 BSE
ISHARES MSCI INDIA SMALL-CAP ETF Block Purchase 2022-10-25 1046.6 31490 BSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-10-25 1046.6 238603 BSE
Name Category Shares
SAPPHIRE INTREX LIMITED PROMOTER 33.94%
RAMPUR INTERNATIONAL LIMITED PROMOTER 3.93%
CLASSIC FINTREX PRIVATE LTD PROMOTER 1.93%

OUR RESEARCH VIEW

Investment recommendation
Call Date
30 Dec 2021
Entry Price 1,242.00
Target Price 1,450.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Radico Khaitan Ltd Stocks COMPARISON

Financials( in Cr) Radico Khaitan Ltd United Spirits Ltd United Breweries Ltd Piccadily Agro Industries Ltd Tilaknagar Industries Ltd
Price 1,722.45 1,269.00 2,109.10 775.25 268.71
% Change -0.21 -0.51 -0.43 -1.36 -2.63
Mcap Cr 23,031.74 92,300.84 55,765.66 7,313.63 5,178.85
Revenue TTM Cr 3,142.81 10,611.60 7,499.92 608.89 1,164.36
Net Profit TTM Cr 204.37 1,125.80 304.68 23.30 149.90
PE TTM 87.89 64.90 136.04 83.45 36.76
1 Year Return 43.13 42.03 43.88 999.65 81.38
ROCE 11.40 17.41 10.58 12.44 10.37
ROE 9.65 15.21 7.71 10.64 12.06
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,207.89 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,088.77 -1,030.79
LAST 3M 113,155.52 -39,495.50
LAST 6M 184,812.44 -13,263.60
LAST 12M 291,038.85 99,015.20
Radico Khaitan receives favourable revision in credit ratings for bank facilities

Jun 13, 2024 l BSE Announcement

Radico Khaitan Limited - Credit Rating

Jun 13, 2024 l NSE Announcement

Radico Khaitan Limited - Loss of Share Certificates

Jun 12, 2024 l NSE Announcement

Date Action Type Ratio
Jul 25, 2024 Dividend 150
Sep 14, 2023 Dividend 150
Sep 21, 2022 Dividend 150

Radico Khaitan Ltd Information

Stock PE (TTM)
87.89
Promoter Holding
40.26%
Book Value
182.449
ROCE
11.4%
ROE
9.65%
Description
  • Radico Khaitan Ltd. (RKL) is an Indian manufacturer of industrial alcohol, country liquor, Indian Made Foreign Liquor (IMFL), and fertilisers. It was incorporated in 1943. The company’s headquarters are in Rampur. Radico Khaitan Ltd.’s consolidated net sales for the quarter ended June 2022 were Rs 3,183.80 crore, up 428.2% year-on-year. On 19 August 2022, the company’s market capitalisation stood at Rs 12,789 crore.  

    The company’s Bombay Stock Exchange listing code is 532497, and the National Stock Exchange listing code is RADICO. It is also listed on the MCX Stock Exchange and the Bangalore Stock Exchange.  

    Radico Khaitan Ltd. is one of the largest and oldest manufacturers of IMFL in India. It was formerly known as Rampur Distillery. The company is one of the few in the country to have developed an organic brand portfolio with in-house capabilities. It runs four leading brands under its portfolio, including Old Admiral Brandy, Magic Moments Vodka, 8 PM Whisky, and Contessa XXX Rum. For FY 2021-2022, the company’s profit after tax was Rs 263.23 crore, down 5.03% from the previous financial year, 2020-2021.  

    The company’s shareholding pattern at the end of the June 2022 quarter showed a promoter stake of 40.27%, a foreign institutional investor stake of 18.35%, a domestic institutional investor stake of 20.26%, and a public stake of 21.13%. The leading promoter was Sapphire Intrex Ltd., with a 33.95% share. In the June 2022 quarter, FII holdings decreased from 19.28% to 18.35%, while mutual fund holdings increased from 17.91% to 18.74%.  

    Radico Khaitan Ltd.’s top management includes Mr Lalit Khaitan, Mr Abhishek Khaitan, Mr Raghupati Singhania, Mr Krishan Pal Singh, Mr Sharad Jaipuria, Ms Sushmita Singha, Mr Tushar Jain, and Mr Dilip K Banthiya. The company’s auditors are BGJC & Associates LLP. On 30 June 2022, the company disclosed a total of 13.37 crore shares outstanding.  

    On 19 August 2022, the company’s share price closed at Rs 961.70 on BSE. Radico Khaitan Ltd.’s share price closed at Rs 956.80 on NSE. The 52-week high for the company’s share price was Rs 1,294, and the 52-week low for Radico Khaitan Ltd.’s share price was Rs 723.20.  

    The company’s peers in the alcoholic beverages segment include United Spirits Ltd., United Breweries Ltd., Globus Spirits Ltd., and Tilaknagar Industries Ltd. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose

Registered Address

Bareilly Road, , Rampur, Uttar Pradesh, 244901

Tel : 91-595-2350601-2
Email : investor:radico.co.in
Website : http://www.radicokhaitan.com
Registrar

Mas Services Limited

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532497
NSE Code : RADICO
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE944F01028

FAQ’s on Radico Khaitan Ltd Shares

You can buy Radico Khaitan Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Radico Khaitan Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:56 PM the closing price of Radico Khaitan Ltd was Rs.1,722.45.

The latest PE ratio of Radico Khaitan Ltd as of Jun 14, 2024 03:56 PM is 87.89

The latest PB ratio of Radico Khaitan Ltd as of Jun 14, 2024 03:56 PM is 0.11

The 52-week high of Radico Khaitan Ltd share price is Rs. 1,885.10 while the 52-week low is Rs. 1,141.25

According to analyst recommendations, Radico Khaitan Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:56 PM, the market cap of Radico Khaitan Ltd stood at Rs. 23,031.74.

Download App

Download Our App

Play Store App Store
market app