Radico Khaitan Delivers Record Q1 with 76% Profit Growth

Research Analyst: UJVIN NEVATIA (PROPRIETOR: NEVAT INVESTMENTS) | SEBI Registration No.: INH100009628

reported a strong performance in the first quarter of FY27, with consolidated net profit rising 76% year-on-year to ₹229.6 crore. Revenue from operations increased 13.2% to ₹5,867.7 crore, marking the company's highest-ever quarterly revenue, sales volume and profitability. The company recorded total income of ₹5,869.5 crore, up 10.4% from the year-ago period, while total expenses rose 8.5% to ₹5,571.6 crore. Overall IMFL (Indian Made Foreign Liquor) sales volume increased 2.8% to 10 million cases. The premium Prestige & Above portfolio remained the key growth driver, with volumes rising 35.8% to 5.22 million cases and net sales increasing 36% to ₹970 crore, contributing 76.8% of the company's IMFL sales value. Gross margin expanded to 49.1%, improving by 610 basis points year-on-year, supported by favourable raw material costs and continued premiumisation. Industry & Economic Impact: The results highlight the growing premiumisation trend in India's alcoholic beverages industry, with consumers increasingly shifting toward premium spirits. Higher sales of premium products are improving profitability for manufacturers while supporting value growth across the sector. From an economic perspective, strong demand for premium consumer products supports manufacturing, packaging, logistics and retail distribution. Continued growth in the organised liquor industry also contributes to higher tax revenues for state governments, employment generation and increased investment in branded consumer goods. Source: Economic Times No Recommendations