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Radico Khaitan Ltd
NSE:RADICO

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Radico Khaitan Ltd
NSE:RADICO
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Price: 2 704.6001 INR -0.76% Market Closed
Market Cap: ₹362.1B

Radico Khaitan Ltd
Investor Relations

Founded in 1943, Radico Khaitan Ltd. began as a humble distillery and has evolved into one of India’s largest spirits companies. The journey of Radico Khaitan is characterized by a strategic shift from being a bulk manufacturer to becoming a renowned brand with a diverse portfolio of Indian Made Foreign Liquor (IMFL). Among its acclaimed offerings are the flagship brands 8PM Whisky, Magic Moments Vodka, and Morpheus Brandy, each carving out substantial market shares in their respective segments. The company’s success is rooted in its ability to blend traditional craftsmanship with modern techniques, ensuring consistent quality and taste that has resonated with consumers globally. Through its state-of-the-art manufacturing facilities, Radico Khaitan not only satisfies domestic demand but also caters to international markets, illustrating its robust operational capabilities and brand equity.

Radico Khaitan's business model centers around leveraging its extensive distribution network, which stretches across India and into several overseas markets. This expansive reach allows the company to tap into diverse consumer bases and efficiently channel its products into retail outlets and establishments. By nurturing relationships with distributors and continuously innovating in its product line—whether through new branding strategies or by launching variants of existing products—Radico Khaitan ensures steady revenue streams and market relevance. Additionally, the company invests substantially in marketing and brand-building activities, reinforcing its status as a household name. This is complemented by an agile production process that responds adeptly to shifts in consumer preferences, cementing Radico Khaitan’s position as a pivotal player in the spirit industry's growth narrative.

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Last Earnings Call
Fiscal Period
Q3 2026
Call Date
Jan 23, 2026
AI Summary
Q3 2026

Record Quarter: Radico Khaitan posted its highest-ever quarterly volumes at 9.75 million cases and net revenue of INR 1,547 crores, with EBITDA of INR 265 crores.

Margin Expansion: Strong premiumization, stable raw material costs, and operating leverage drove gross margin to 46.9% (up 350 bps YoY) and EBITDA margin to 17.2% (up 300 bps YoY).

Premium Brands Drive Growth: Prestige & Above segment saw 26% volume and 29% value growth, with strong performances from brands like Royal Ranthambore, Magic Moments, and After Dark.

Market Share Gains: Significant share gains in Andhra Pradesh (market share up from 15% to 26%), as well as strong growth in Uttar Pradesh, Telangana, Rajasthan, MP, and Haryana.

Balance Sheet Strength: Net debt reduced by INR 209 crores since March '25; company expects to be debt-free by FY '27.

International Expansion: Board approved setting up a 100% subsidiary in Scotland to secure malt supply and explore future opportunities.

Optimistic Outlook: Management expressed confidence in margin sustainability, strong cash flow, and continued profitable growth.

Key Financials
Net Revenue
INR 1,547 crores
EBITDA
INR 265 crores
Total IMFL Volume
9.75 million cases
Prestige & Above Volume Growth
26%
Prestige & Above Value Growth
29%
Prestige & Above Realization Improvement
2.8%
Gross Margin
46.9%
EBITDA Margin
17.2%
Net Debt Reduction
INR 209 crores
A&SP (Ad & Sales Promotion) Spending
6.9% of IMFL revenue
Andhra Pradesh Market Share
26%
Magic Moments Vodka Sales (9 months)
INR 1,050 crores
After Dark Whisky Volume (9 months)
2.4 million cases
On-Trade Channel Share
6% to 7% of total sales
Exports Share (Volume)
6%
Exports Share (Revenue)
10%
Luxury Portfolio Revenue (Last Year)
INR 340 crores
Luxury Portfolio Revenue (This Year, Estimate)
INR 500 crores
Other Earnings Calls

Management

Dr. Lalit Kumar Khaitan
Chairman & MD
No Bio Available
Mr. Abhishek Khaitan LLB (Hons)
MD & Executive Director
No Bio Available
Mr. Dilip Kumar Banthiya
Chief Financial Officer
No Bio Available
Mr. Dinesh Kumar Gupta
Senior VP of Legal, Company Secretary & Compliance Officer
No Bio Available
Mr. Amar Sinha
Chief Operating Officer
No Bio Available
Alok K. Agarwal
Senior Vice President of Finance & Accounts
No Bio Available
Mr. Saket Somani
Senior VP of Finance & Strategy and VP of Investor Relations
No Bio Available
Mr. Vinay Padroo
Chief Human Resources Officer
No Bio Available
Mr. Sanjeev Banga
President of International Business
No Bio Available
Mr. Amar Singh
Additional Whole-time Director
No Bio Available

Contacts

Address
DELHI
New Delhi
Plot No. J-1, Block B-1,, Mohan Co-operative Industrial Area,, Mathura Road
Contacts