Radico Khaitan Q1FY26 Profit Surges 75% YoY to ₹133.3 Crore; Revenue Up 32.5%

New Delhi, July 31, 2025 – Radico Khaitan Ltd (NSE: RADICO, BSE: 532497) reported its highest-ever quarterly performance in Q1FY26 with a 75% year-on-year (YoY) jump in net profit to ₹133.3 crore, driven by record volumes, robust premiumization, and margin expansion. Revenue from operations rose 32.5% YoY to ₹1,506 crore.

Key Financial Highlights (Standalone)

• Net Revenue from Operations stood at ₹1,506.0 crore in Q1FY26, up 32.5% from ₹1,136.5 crore in Q1FY25.
• Gross Profit came in at ₹647.7 crore compared to ₹466.5 crore last year, reflecting a growth of 38.8%.
• EBITDA rose to ₹230.7 crore from ₹148.2 crore, registering a 55.6% YoY increase.
• EBITDA Margin improved to 15.3% in Q1FY26 from 13.0% in Q1FY25.
• Profit Before Tax reached ₹177.6 crore, higher by 75.2% over ₹101.4 crore in the same quarter last year.
• Net Profit was ₹133.3 crore, marking a 74.7% jump from ₹76.3 crore in Q1FY25.
• Total Comprehensive Income grew 74.5% to ₹132.2 crore, from ₹75.7 crore in the prior-year period.
• Basic EPS stood at ₹9.96, up from ₹5.71, indicating a 74.6% rise.
• Net Debt reduced to ₹409.8 crore as of Q1FY26, down by ₹163.7 crore from ₹573.5 crore in March 2025.

Segment Performance

• Prestige & Above IMFL revenue stood at ₹713.2 crore in Q1FY26, registering a YoY growth of 42.8%.
• Volume for Prestige & Above IMFL reached 3.84 million cases, reflecting a YoY growth of 40.8%.
• Regular & Others IMFL segment posted revenue of ₹349.9 crore, marking a YoY increase of 48.1%.
• Volume for Regular & Others IMFL was 5.42 million cases, up 52.1% YoY.
• Revenue from Non-IMFL segment came in at ₹436.4 crore, with a YoY growth of 11.6%.
• Total IMFL volume during Q1FY26 stood at 9.72 million cases, recording a YoY growth of 37.5%.

Prestige & Above contributed 66.7% of total IMFL revenue and 41.5% of own volume, reflecting a strong premiumization trend.

Management Commentary

Dr. Lalit Khaitan, Chairman & MD, said, “Q1FY26 marked a stellar start to the year with the highest-ever quarterly volumes, Net Sales and EBITDA. Premium portfolio-led growth, stable raw material pricing, and margin expansion reaffirm our long-term strategy.”

Abhishek Khaitan, MD, added, “The launch of Morpheus Super Premium Whisky and The Spirit of Kashmyr vodka marks our foray into luxury segments. These products will drive sustained topline momentum and margin expansion amid evolving consumer trends.”

Strategic Outlook

• Net Debt declined by ₹163.7 crore to ₹409.8 crore.
• Advertising & Sales Promotion (A&SP) stood at 5.8% of IMFL sales vs. 5.3% YoY; guided range remains 6–8%.
• Exceptional item of ₹6.99 crore pertains to a reassessment tax demand by Rampur Municipal Council.
• Strong optimism on raw material cost stability (ENA, grains) for rest of FY26.

Brand & Innovation Highlights

• Rampur Single Malt: Won multiple global awards; now available in 50 countries.
• Jaisalmer Gold Gin: Launched in 7 states; dominates luxury gin space with 50% market share.
• Magic Moments Vodka: Maintains 60% market share; launched new flavoured SKUs.
• After Dark Blue: Crossed 1.9 million cases; over 100% YoY growth.

Radico Khaitan Stock Performance

Radico Khaitan shares closed at ₹2,730, which is a 0.68% gain on July 31, 2025. Radico Khaitan shares have gained 58% in the last year, 5.7% in the year-to-date, and 1.7% in the previous month.  The stock of Radico Khaitan opened the day at ₹2,707.00. It climbed to an intra-day high of ₹2,772.00 before pulling back. The lowest it touched during the session was ₹2,672.90.

The company’s market capitalisation is currently estimated at around ₹36,500 crore. Its price-to-earnings ratio is at 105.74. The dividend yield is low at 0.15%. The stock is trading close to its 52-week high of ₹2,786.90. Over the past year, it has gained significantly from its 52-week low of ₹1,628.00.

About Radico Khaitan

Radico Khaitan Ltd is one of India’s oldest and largest manufacturers of Indian Made Foreign Liquor (IMFL). Listed on NSE and BSE, its diverse portfolio includes whisky, vodka, brandy, and gin across premium and mass-market segments. The company is known for iconic brands like 8 PM, Magic Moments, Rampur, and Jaisalmer.

REF:https://nsearchives.nseindia.com/corporate/RADICO_31072025143231_presentation31072025.pdf

Disclaimer:  At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations