Radico Khaitan announces landmark quarter with record-breaking performance across Volume, Value and Profitability

2026-07-28 05:04:57 Business

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New Delhi, India, July 28, 2026 – Radico Khaitan Limited, one of the largest spirits companies in India (referred to as “Radico Khaitan” or the “Company”), announces its results for the first quarter ended June 30, 2026.

Q1 FY2027 Performance Summary

Total IMFL volume* of 10.00 Million Cases (+2.8%)
Prestige & Above brands volume of 5.22 Million Cases (+35.8%); Prestige & Above brands contribution to the IMFL volumes of 53.1% (vs. 41.5%)
Prestige & Above brands net sales of Rs. 970.0 Cr (+36.0%); Prestige & Above brands contribution to the Total IMFL sales value of 76.8% (vs. 66.7%)
Revenue from Operations (Net) of Rs. 1,683.7 Cr (+11.8%)
Gross Profit of Rs. 826.8 Cr (+27.7%) at 49.1% margin
EBITDA of Rs. 348.1 Cr (+50.9%) at 20.7% margin (compared to 15.3% in Q1 FY26)
Total Comprehensive Income of Rs. 225.4 Cr (+70.5%)

* Including brands on Royalty

Commenting on the performance, Dr. Lalit Khaitan, Chairman and Managing Director said: “Carrying forward the momentum of the previous year, we have made a strong start to FY2027, underpinned by sustained premiumisation, disciplined execution and the successful implementation of our long-term strategy. The strong performance of our Prestige & Above portfolio reflects the evolving aspirations of Indian consumers and reinforces our conviction in the strategic direction we have pursued over the years. The encouraging results during the quarter, including margin expansion despite a challenging global environment, reflect not only favourable industry trends but also the unwavering commitment of our employees, business partners and other stakeholders, whose support remains integral to our success.

The operating environment, however, remains dynamic. Geopolitical uncertainties, evolving supply chain disruptions and volatility in certain input costs continue to require agility and prudent risk management. At the same time, the Indian IMFL industry is benefiting from favourable structural tailwinds. Progressive regulatory reforms in key states, an improving policy environment and the sustained shift towards premium brands are creating significant opportunities for companies that have consistently invested in building strong brands with enduring consumer recall and loyalty.

Our optimism is also anchored in the structural strengths we have built over the years. Investments in brand building, strengthening of organisational bandwidth, backward integration, manufacturing capacity and supply chain resilience have enhanced our competitive position and strengthened our ability to respond swiftly to evolving market dynamics. Together with our disciplined approach to capital allocation, these investments provide a robust foundation for sustainable value creation.

India's favourable demographics, rising disposable incomes, increasing urbanisation and growing preference for premium experiences continue to present a compelling opportunity for the spirits industry. As one of the country's leading homegrown spirits companies, we are well positioned to capitalise on these trends through innovation, execution excellence and an unwavering focus on consumer preferences.

At Radico Khaitan, we remain committed to strengthening our market leadership, investing behind our brands and creating enduring value for all our stakeholders. With a robust portfolio, expanded manufacturing capabilities, a resilient supply chain and a clear strategic roadmap, we look to the future with confidence and optimism.”

Commenting on the performance, Mr. Abhishek Khaitan, Managing Director said: “Our premiumisation strategy continues to deliver strong results as we begin FY2027 with another quarter of robust 36% growth in Prestige & Above segment and significantly improved profitability. Our premium portfolio continued to significantly outpace industry growth, reflecting the strength of our brands, innovation capabilities and disciplined execution.

One of the most significant structural shifts underway in the Indian IMFL industry is the rapid growth of the vodka category, with its saliency increasing from 4.6% in Q1 FY26 to 6.1% in Q1 FY27. This reflects changing consumer preferences, evolving consumption occasions and the growing preference for premium white spirits. Vodka's versatility, strong cocktail compatibility and increasing acceptance among younger consumers are driving category expansion, while existing traditional consumers are increasingly choosing vodka across different social occasions. As the clear market leader, Magic Moments is well positioned to capitalise on this opportunity, delivering an impressive 43% volume growth during the quarter. Our flavour-led innovation strategy continues to differentiate the brand, deepen consumer engagement and reinforce our leadership in this rapidly expanding category.

The continued premiumisation of our portfolio has translated into superior business economics and sustained margin expansion. Combined with disciplined cost management and operating leverage, this has further enhanced the quality of our earnings.

Within our whisky portfolio, After Dark continues to strengthen its position in one of India's largest and most aspirational whisky segments. The recently introduced contemporary packaging is expected to further enhance the brand's premium appeal and support market share gains. Meanwhile, 8PM Premium Black has sustained its strong growth momentum, reaffirming the growing consumer preference for our premium whisky offerings.

Looking ahead, we remain confident in the long-term growth opportunity for the Indian spirits industry and in the strength of our execution capabilities. We expect our Prestige & Above portfolio to continue delivering strong growth and upgrade our P&A volume growth guidance to over 25% for the full year FY2027. With premium and luxury brands contributing an increasing share of our business, we remain confident of continued margin expansion and expect to deliver EBITDA margin of around 20% for the full year FY2027, while strengthening our portfolio of market-leading brands and creating sustainable long-term value for all our stakeholders.”