Liquor firm Radico Khaitan today posted 19.27 per cent increase in net profit at Rs 25.37 crore for the third quarter ended December 31, 2015-16, helped by lower expenses.
The company had posted net profit of Rs 21.27 crore during the same period of the previous fiscal.
Net sales of the company declined by 1.75 per cent to Rs 392.55 crore, compared to Rs 399.55 crore during the same period of 2014-15, Radico Khaitan said in a BSE filing.
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Overall expenses during the quarter under review stood at Rs 352.39 crore, down 6.15 per cent, compared with Rs 375.52 crore in the corresponding quarter a year ago.
The company's product portfolio includes 8 PM Whisky, Magic Moments Vodka, Morpheus Brandy, Contessa Rum and Old Admiral Brandy.
Radico Khaitan stock closed at Rs 113.40, up 3.8 per cent, on BSE.
