Higher income propels Radico Khaitan Q3 net profit by 78% at Rs 350 million

Liquor firm Radico Khaitan today reported a 77.71 per cent jump in its net profit at Rs 350.1 million for the quarter ended December 2017, on account of higher income.

The company had posted a net profit of Rs 197 million during the same period of the previous fiscal, Radico Khaitan said in a regulatory filing.

Total income during the quarter under review stood at Rs 17.47 billion. It was Rs 12.43 billion in the year-ago period.

The company said revenue for the period is not comparable on account of restructuring of indirect taxes due to GST.

"We registered a strong all round growth and solid cash flow generation resulting in a net debt reduction of Rs 1.30 billion during FY 2018," Radico Khaitan Chairman and Managing Director Lalit Khaitan said.

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

The company's stock was trading 7.89 per cent down at Rs 380.35 apiece on BSE today.