Page 3 - Radico Khaitan

Alcoholic beverages exports to cross $1 bn in next few years: Report

The country's alcoholic beverages exports are expected to cross USD 1 billion in the next few years on account of increasing demand for spirits in global markets, a senior government official said on Thursday. As against the exports of USD 325 million in 2022-23, the outbound shipments from the sector touched USD 230 million during April-October this fiscal, Additional Secretary in the commerce ministry Rajesh Agrawal told reporters here. The global trade of these products is about USD 130 billion. "The demand for Indian spirits is increasing...It is expected to go beyond USD 1 billion in the next few years. Indian beverages market is growing very fast and slowly demand for these brands across the world is also picking up," Agrawal said, adding that in the forthcoming three-day Indus Food show in Greater Noida (Uttar Pradesh), there will be a wine and spirits section. Over 2,500 global buyers, 5,000 domestic buyers and 86 retail chains would be participating in the show apart from

Indian alcohol cos seek elimination of 'non-tariff barriers' in EU markets

For a beverage to be considered "whisky" in the EU, it has to be at least three years or more old. For "brandy", this time is one year

Alcohol maker Radico Khaitan's Q2 profit rises on robust premium demand

Sales in the premium segment, which includes Magic Moments vodka and Jaisalmer gin, rose nearly 22% to 2.8 million cases in the July to September period

Radico Khaitan underpaid Rs 1,075 crore excise duty to UP govt: CAG

Interest is computed at the rate of 18 per cent per annum for delay in payment

Radico Khaitan's profit rises by 10% to Rs 68 crore in Apr-June quarter

Liquor maker Radico Khaitan on Thursday reported a 10.11 per cent increase in its consolidated net profit to Rs 68.26 crore for the June quarter, aided by premiumisation and easing raw material prices. The company had posted a consolidated net profit of Rs 61.99 crore in the April-June period a year ago, Radico Khaitan said in a BSE filing. Its revenue from operations rose 26.36 per cent to Rs 4,023.31 crore in the first quarter of the current fiscal as against Rs 3,183.80 crore in the year-ago period. During the quarter, "total IMFL (Indian-made foreign liquor) volume was 7.36 million cases, up 7.9 per cent", said an earning statement from Radico Khaitan. Radico Khaitan's total expenses were up 26.66 per cent to Rs 3,940.41 crore during the quarter. The total revenue of Radico Khaitan, which owns brands like Jaisalmer, Magic Moments, Morpheus Brandy and Rampur Indian Single Malt, was at Rs 4,024.43 crore, up 26.23 per cent versus a year ago. Radico Khaitan Managing Director Abhi

IDFC, MGL, Radico: 5 smallcaps to bet on amid current market volatility

Shares of IDFC, MGL, Radico Khaitan, KEI Industries and Carborundum Universal may rise up to 26 per cent, indicate technical charts

Britannia, ITC: Bet on FMCG stocks as index poised to record historic peak

A new all-time high on Nifty FMCG index may trigger up to 25 per cent upside in selective stocks

Wine maker Sula's IPO to open Dec 12, size Rs 900-1,000 crore, say sources

Entire issue will be OFS of nearly 27 million shares belonging to promoters and PE investors

Sobering reality: Three liquor firms served notices for surrogate ads

In its warning, the MCA had said that "during recent sports events that were televised globally", many instances of surrogate advertising had been noticed

Can Bira 91 deal trigger gains for alcohol stocks? Here's what charts say

After an exciting 2021, shares of major alcohol manufacturers have been under pressure so far this year. Here's what charts suggest is in store for them

A sobering reality for alcobev makers despite spirited volume gains

Raw material pressures, lack of pricing power key worries for Street despite spirited volume gains

Analysts remain bearish on liquor companies despite Q1 volume gains

Raw material pressures and lack of pricing power key reasons for this view

Time to raise a toast to liquor stocks? Selectively, say analysts

Analysts believe the worst may be over for the sector, with out-of-home (OOH) consumption picking up, and reduction in taxes by some state governments

Radico Khaitan net declines 32% to Rs 50 cr in Q4; sales up by 9.4%

The company had posted a consolidated net profit of Rs 73.53 crore in the January-March quarter a year ago, Radico Khaitan said in a BSE filing

Radico Khaitan Q3 net profit down 5.8% at Rs 79.13 crore; sales up 8.8%

Liquor maker Radico Khaitan Ltd has reported a decline of 5.88 per cent in its consolidated net profit at Rs 79.13 crore for the third quarter ended December 2021. The company had posted a consolidated net profit of Rs 84.08 crore in the October-December quarter a year ago, Radico Khaitan said in a BSE filing on Thursday. However, its revenue from operations was up 8.84 per cent to Rs 3,306.67 crore during the quarter under review as against Rs 3,037.90 crore in the corresponding period a year ago. Radico Khaitan's total expenses were at Rs 3,207.73 crore, up 9.39 per cent in Q3/FY 2021-22, as against Rs 2,932.29 crore. Its sales volume of total Indian-Made Foreign Liquor (IMFL) was up 7.4 per cent during the quarter to 6.98 million cases. Meanwhile, in a separate filing, Radico Khaitan informed that its board in a meeting held on Thursday approved establishment of a new greenfield grain-based distillery in Sitapur, Uttar Pradesh, with a production capacity of up to 330 KL per day

Radico Khaitan surges 18% in 4 days, hits record high; zooms 170% in 2021

During Q2FY22, Radico Khaitan delivered a robust volume growth led by Prestige & Above category brands.

Radico Khaitan soars 11% to a new high on launch of two new premium IMFLs

The company has launched Magic Moments Dazzle Vodka and Royal Ranthambore Heritage Collection Royal Crafted Whisky (blended malt scotch) in the brown and white spirit categories.

Ethanol-petrol blending may push liquor prices up: Radico Khaitan

Prices of Extra Neutral Alcohol (ENA) may face some headwinds as the government pushes towards its target of blending of 10 per cent fuel-grade ethanol with petrol by 2022, said Radico Khaitan

Liquor stocks rally; Globus Spirits zooms 20%, Radico Khaitan surges 10%

In the past two days, Franklin Strategic Emerging Markets Fund IV sold 799,000 shares, representing a 2.7 per cent stake, of Globus Spirits through a bulk deal on the National Stock Exchange

Lupin, Reliance Industries: Stock picks by Ajit Mishra of Religare Broking

We're seeing consistent buying interest in the pharma pack and Lupin is also catching up with the other pharma majors