Radico Khaitan Results Analysis

Operating Revenue for Q2FY26 is Rs. 5,057 Crs., 29.4% growth YoY, Total Income is Rs. 5,059 Crs., 29.46% growth YoY, EBITDA is Rs. 238 Crs., 45.6% growth YoY, EBITDA Margin is 4.70% improved by 52 Basis points YoY, PBT Rs. 186 Crs., 66.6% growth YoY, PAT Rs.139 Crs. 69% growth YoY. Total IMFL volumes at 9.34m cases (+38% YoY). On QoQ basis Op. Revenue is down by 4.8%, Total Income is down by 4.87%, However EBITDA is up by 2.36%, EBITDA Margin also improved by 33 basis points, PBT is up by 4.9% and PAT is also up by 4.2%. Net debt down Rs 146 crore since Mar-25; guided to be debt-free by FY27 despite dividend outflow and D’YAVOL stake acquisition.