Radico Khaitan Ltd

Radico Khaitan Limited reported strong Q2 FY2027 results, with IMFL volumes exceeding 10 million cases, revenue of Rs. 1,746 crores, and EBITDA of Rs. 356 crores (20.4% margin). The Prestige & Above portfolio grew 36% in volume, driven by premiumization and successful launches like Magic Moments Aam Panna. Vodka's market share rose to 6.3%, supported by flavor innovation and consumer demand. Whisky brands like After Dark and 8PM Premium Black gained traction, while the luxury portfolio, including Rampur Single Malt and Virasat Gin, saw strong response. Management guided toward 30% volume growth for FY2027 and maintained a 20% EBITDA margin target. Challenges included rising raw material and packaging costs, mitigated through procurement efficiency and product mix optimization. Internationally, the company expanded to four U.K. airports and aims for 100 travel retail outlets. The company emphasized disciplined capital allocation and confidence in sustaining growth despite macroeconomic volatility.

The document highlights strong financial performance, growth in premium and vodka categories, and strategic expansion, with management expressing confidence in sustaining margins and growth.