Radico Khaitan Ltd
NSE:RADICO

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Radico Khaitan Ltd Logo
Radico Khaitan Ltd
NSE:RADICO
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Price: 3 207.3 INR 2.14% Market Closed
Market Cap: 429.4B INR

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
Q2 2026
Call Date
Oct 30, 2025
AI Summary
Q2 2026

Strong Volume Growth: Radico Khaitan delivered 37.8% overall volume growth in Q2, with the Prestige & Above segment growing 21.7% and regular category up 80%.

Margin Expansion: EBITDA margin rose by 126 basis points year-on-year to 15.8%, with stable gross margin at 43.6%.

Premiumization Strategy: Robust growth in premium brands like Magic Moments Vodka (20% growth), After Dark, and Royal Ranthambore (67% growth) drove performance.

Market Share Gains: Market share in Andhra Pradesh surged from 10% to approximately 30%, and overall market share increased by 200 basis points.

Positive Outlook: Management remains confident of exceeding 20% volume growth for the full year and achieving INR 500 crore luxury portfolio target.

Debt Reduction: Net debt reduced by INR 146 crores since March, with a goal of becoming debt-free by FY '27.

Guidance: Company expects a 150 basis point margin increase this year and 125 basis points per year for the next two years, moving toward late-teen margins.

Key Financials
Total IMFL Volume
9.34 million cases
Gross Margin
43.6%
EBITDA Margin
15.8%
A&SP Investment
6.1% of IMFL revenue
Net Debt Reduction
INR 146 crores
Luxury Portfolio Revenue
Target INR 500 crores for FY26
Market Share (Andhra Pradesh)
Approximately 30% in Q2 FY26
Prestige & Above Category Share
44% of volume, 68% of value in branded business
Luxury Segment Share
9% to 10% of total revenue
Non-IMFL Revenue
INR 400 crores to INR 425 crores per quarter
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