RADICO KHAITAN Results Analysis-Q4FY26

Gross Operating Revenue for Q4FY26 is Rs. 5,182 Crs., 15.54% growth YoY, Net Operating Revenue is Rs. 1,504 Crs., 15.31% growth YoY, Gross Profit is Rs. 722 Crs., 27.32% growth YoY, EBITDA is Rs. 285 Crs., 60.25% growth YoY, EBITDA Margin is 18.92% improved by 531 Basis points YoY (highest ever EBITDA margin), PBT Rs. 237 Crs. 92.90% growth YoY, PAT Rs. 179 Crs. 94.92% growth YoY. Total IMFL Volume for Q4FY26 is 9.52 Mn. Cases, 4% growth YoY, Prestige & above Volume is 4.35 Mn. Cases, 27.9% growth YoY (continuing strong premium-led momentum), But Regular & others Volume is 4.75 Mn. Cases, 10.2% Negative growth YoY. On QoQ basis Gross Operating Revenue is down by 4.45%, Net Operating Revenue is down by 2.78%, Gross Profit is flat to positive, EBITDA is up by 6.48%,, PBT is up by 14.80% and PAT is also up by 15.83%. Net debt reduced by INR 329 crores in FY26. Target: “debt-free in H1 FY27.” Capex guidance: INR 150–175 crores, “largely on internal capacity expansion and optimization.” 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.