India and the UK have mutually agreed on an FTA after long bilateral discussions, with broader economic impact on many sectors, including AlcoBev.
The company reported a 71% rise in consolidated net profit at 920.7 million rupees (about $11 million) for the three months ended March 31
The RBI MPC, on Wednesday, unanimously decided to cut the repo rate by 25 basis points, bringing it down to 6 per cent, from 6.25 per cent earlier.
Encouraged by the ongoing premiumisation in the alcoholic beverage (alcobev) segment, Radico Khaitan expects sales of Rs 500 crore from its luxury brands, including single malt 'Rampur' and Jaisalmer Indian Craft Gin, in the next fiscal, its Managing Director Abhishek Khaitan said. The company expects an 8-9 per cent volume growth, and value growth of around "12-15 per cent", Khaitan told PTI, adding "this year has been a good year for us, and hopefully next year should be much better." For the next fiscal, he said, "We expect the same thing, our premium PNA category (Prestige & above) should grow more than 15 per cent and we should be close to overall double-digit growth." Radico Khaitan's luxury portfolio consists of Rampur Indian Single Malt, Jaisalmer Indian Craft Gin, Sangam World Malt and Spirit of Victory 1999 Pure Malt. "For the first time in Q3 (December quarter) we achieved a turnover of Rs 100 crore (from premium) and for the nine months of FY'24, we have achieved Rs ..
Liquor maker Radico Khaitan Ltd on Wednesday reported an increase of 27.05 per cent in its consolidated net profit to Rs 95.48 crore in the third quarter ended December 2024. The company had posted a consolidated net profit of Rs 75.15 crore in the October-December quarter a year ago, according to a BSE filing from Radico Khaitan. Its revenue from operations went up 8 per cent to Rs 4,440.90 crore during the quarter under review. The figure was Rs 4,111.23 crore in the corresponding quarter of the previous fiscal. In the December quarter, Radico Khaitan's total IMFL volume was at 8.36 million cases, up 15.3 per cent year-on-year. While Prestige & Above brands volume was up 17.7 per cent to 3.67 million cases and contributed to the IMFL volumes of 50.9 per cent Radico Khaitan's total expenses increased 7.32 per cent to Rs 4,312.09 crore in the December quarter. The total income of Radico Khaitan, which includes other income, in the December quarter was at Rs 4,441.98 crore, up 7.9