Radico Khaitan Q1 net profit dips 26% to Rs 16 cr

Liquor firm Radico Khaitan today reported 26.47% decline in net profit at Rs 16.55 crore for the first quarter ended June 30, 2014-15.

The company had posted net profit of Rs 22.51 crore during the same period of the previous fiscal.

Net sales of the company in Q1, 2014-15 rose to Rs 360.83 crore, as against Rs 348.44 crore during the same period of previous fiscal, Radico Khaitan said in a filing to the BSE.

The company's product portfolio includes 8 PM Whisky, Magic Moments Vodka, Morpheus Brandy, Contessa Rum and Old Admiral Brandy.

The Radico Khaitan scrip closed at Rs 97.15, up 0.83%, on the BSE.