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Radico Khaitan extends rally on strong Q2 results; soars 28% in 4 weeks

The stock rallied 6.5% to Rs 436 on the BSE on the back of heavy volumes.

Wine, Alcohol, Liquor
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A man cleans rows of sake wine at a restaurant in London. The sake industry needs to adopt the terminology and promotional techniques of traditional vintners. Photo: Reuters

SI Reporter Mumbai
Shares of Radico Khaitan rallied 6.5 per cent to Rs 436 on Tuesday, extending their past four weeks gain on the BSE, after the company reported a strong 73 per cent year-on-year (Y-o-Y) jump in net profit at Rs 495 million in September quarter (Q2FY19). The liquor firm had reported a profit of Rs 286 million in the year-ago quarter.

Operational revenue grew 28 per cent to Rs 19.06 billion on Y-o-Y basis. EBITDA margin expanded 300 basis points (bps) Y-o-Y to 17.71 per cent in Q2FY19 from 14.65 per cent in Q2FY18.

The growth during the quarter was