Radico Khaitan Q4 net flat at Rs 14.8 crore

Liquor firm Radico Khaitan today said its net profit remained flat at Rs 14.8 crore for the fourth quarter ended March 31.
The company had posted a net profit of Rs 14.9 crore for the same period of 2014-15 fiscal.
Net sales of the company rose to Rs 436.4 crore for the fourth quarter, as against Rs 419.4 crore in the year-ago period, the company said in a statement.
For the year ended March 31, the company posted a net profit of Rs 76.9 crore, as compared to Rs 67.6 crore during the 2014-15 fiscal.
Net sales during the fiscal declined to Rs 1,789.2 crore as compared to Rs 1,846.5 crore in the last year.

"FY 2016 was a year of consolidation at Radico Khaitan. We focused on our core strengths and delivered a sustained, profitable financial performance in an economic environment which was otherwise challenging and volatile," Radico Khaitan Chairman and Managing Director Lalit Khaitan said.

The company's ongoing focus on premiumisation coupled with cost optimisation efforts resulted in improved profitability, he added.
Radico Khaitan Managing Director Abhishek Khaitan said despite a 6.6 per cent decline in the company's overall IMFL volumes, it was able to improve profitability.
The company's board, which met today, approved dividend of Rs 0.80 (40 per cent) for the financial year ended March 31, 2016.

Radico Khaitan shares today ended at Rs 92 apiece on the BSE, down 0.59 per cent from previous close.