Radico Khaitan said that its millionaire and top-selling brand Magic Moments achieved a milestone of 3.25 million cases volume in Q1FY27.
Home-grown liquor major Radico Khaitan expects 20 per cent growth in its premium-and-above segment in the current financial year, expansion in white spirits and a margin rise of 120 basis points despite the short-term volatility in the raw material costs, according to its Managing Director Abhishek Khaitan. The company, which owns Rampur Indian Single Malt, Jaisalmer Indian Craft Gin, Magic Moments Vodka, Morpheus Brandy, and 8 PM Whisky, is encouraged after its net sales crossed Rs 6,000 crore in FY26, which it claims is the "highest-ever growth" with EBITDA breaching the Rs 1,000 crore mark. Outlining the outlook for FY27, Khaitan told PTI that he expects a growth of "20 per cent in premium volume" and "25 per cent value growth in the luxury", along with margin expansion, despite all short-term volatility in raw material costs. "We would see a 120 basis point margin expansion this year," he said. The company had achieved an EBITDA margin of close to 16.8 per cent last fiscal and
Jefferies said that premiumisation is the most important structural trend, with consumers trading up from country liquor and lower-end IMFL to Prestige & Above (P&A) segments.
As per the India-UK FTA, New Delhi will be reducing duty on UK whisky and gin from 150 per cent to 75 per cent and further to 40 per cent in the tenth year of the deal.
JM Financial has maintained a 'Buy' rating on Radico Khaitan shares and revised the target price to ₹3,945 (55x March'28E) versus ₹3,470.
The maker of Rampur whisky and Jaisalmer gin derives 5 per cent to 6 per cent of sales volumes and 9 per cent to 10 per cent of revenue from exports, of which it does not provide a regional split
The consumer sector now faces a delicate balance between sustaining demand and protecting profitability, with inflation once again emerging as the key swing factor
Thus far in the month of April, the FMCG index has surged 11.73 per cent, as against a 7.4 per cent gain in the benchmark index
Pernod Ricard reported strong growth in India mainly driven by premiumisation thus giving a positive outlook for other liquor companies operating in the country.
Instead of steep hikes, states are relying on licence fee increases, reserve price revisions, and recalibration of tax
Karnataka's new alcohol policy may benefit United Spirits and United Breweries as tax reforms and pricing flexibility could drive premiumisation, analysts said
Among key trends, spirits companies such as Radico Khaitan Ltd. and United Spirits Ltd. continued to outperform beer major United Breweries Ltd. on volumes, JM Financial said
Margins were a key positive surprise, analysts said. Gross margin expanded sharply to 46.5 per cent, aided by stable ENA and grain prices and a richer product mix.
Managing Director Abhishek Khaitan said on Thursday he expects sales volume in the company's "prestige and above" business, which makes up roughly half of its total revenue, to climb over 15%
Radico Khaitan Limited, one of the largest manufacturers of Indian Made Foreign Liquor (IMFL), on Thursday reported 62.26 per cent increase in consolidated net profit at Rs 154.93 crore for December quarter, helped by its "highest ever" quarterly volume. The company had posted a profit of Rs 95.48 crore for October-December FY25, according to a BSE filing from Radico Khaitan, which owns brands as Rampur Indian Single Malt Whisky, Jaisalmer Indian Craft Gin, Magic Moments Vodka, and the 8 PM series. Revenue from operations was up 22.13 per cent to Rs 5,423.83 crore in the December quarter. "Premiumisation coupled with the raw materials tailwinds has led to higher profitability and stronger return ratios," said Radico Khaitan in its earning statement. Total expenses increased 20.82 per cent to Rs 5,210.26 crore in the December quarter. Total income, which includes other income, was at Rs 5,426.44 crore, up 22.16 per cent. In the December quarter, Radico Khaitan's Total IMFL volume
Bajaj Finance stock is seen testing the 200-DMA for the first time since January 2025. That apart, Radico Khaitan is also seen testing the long-term moving average after a gap of 10 months.
Antique believes Radico's flagship premium whisky brand After Dark is on track to clock 3.5 million cases in FY26, up sharply from 1.9 million cases in FY25.
At 12:26 PM, the BSE Sensex was up 0.21 per cent as compared to 0.22 per cent decline in the BSE Midcap index and 0.29 per cent fall in the BSE Smallcap index.
Raw material costs will remain supportive for spirits players, with prices of ENA (extra neutral alcohol) and glass expected to stay benign
Looking ahead, Radico's management remains confident of delivering strong double-digit growth in the Prestige & Above category, enhanced profitability and a continuous focus on cash flow generation.