RADICO KHAITAN'S VODKA BRAND MAGIC MOMENTS HITS SALES OF 3.25 MILLION CASES IN Q1

Magic Moments, a vodka brand of Indian alco-beverage company

, has reached a landmark milestone by hitting sales of 3.25 million cases compared to the 2.2 million cases year-on-year, representing growth of 43%. Magic Moments has become India’s leading vodka brand with an estimated 60% market share, and the company believes this brand has played a defining role in shaping the evolution of India’s vodka market. Having a market cap of Rs 55,000 crore, the company has reported a strong sales growth of 25% CAGR and profit growth of 41% CAGR over the last 3 years. The stock price has surged by over 50% in the last 3 months thereby showing a strong momentum in the stock.