RADICO KHAITAN Results Analysis-Q3FY26

Operating Revenue for Q3FY26 is Rs. 5,424 Crs., 22.13% growth YoY, Net Sales is Rs. 1,547 Crs., 19.51% growth YoY (Highest Ever), Total Income is Rs. 5,426 Crs., 22.16% growth YoY, EBITDA is Rs. 267 Crs. (Highest Ever), 45.26% growth YoY, EBITDA Margin is 17.27% Improved by 306 Basis points YoY (Gross Margin improved on Y-o-Y basis due to a relatively benign raw material scenario coupled with ongoing premiumization), PBT Rs. 206 Crs, 59.53% growth YoY, PAT Rs. 155 Crs, 62.25% growth YoY. (which includes 9.56 Cr. one-time impact of New Labour Code). Total IMFL Volume for Q3FY26 is 9.75 Mn. Cases, 16.7% growth YoY, Prestige & above Volume is 4.62 Mn. Cases, 25.9% growth YoY, Regular & others Volume is 4.7 Mn. Cases, 32.7% growth YoY. On QoQ basis Op. Revenue is grown up by 7.26%, Net Sales is grown up by 3.54%, Total Income is grown up by 7.26%, EBITDA is also up by 12.44%, EBITDA Margin also improved by 137 basis points, PBT is up by 10.44%, PAT is also up by 11% (which includes 9.56 Cr. one-time impact of New Labour Code). The Company’s strategy is to continue to make prudent marketing investments over existing core brands and new launches to sustain the growth and market share. Net debt reduced by ₹209 cr since March 2025 on profitability-led cash generation, “on well track to become debt-free by FY27.”