Below is quote on Radico Khaitan 1QFY22 Result Update by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd

During the 1QFY22, Radico Khaitan Ltd (RKL) reported revenue of ~Rs603cr (up ~47% YoY) due to volume growth of ~59%yoy. The disruptive second wave of the pandemic impacted businesses from the second half of April. However, RKL rebound in volumes by the second fortnight of June 2021.On the EBITDA front, the company has reported ~Rs92cr and EBITDA margin at 15.2%, which is down by 320bps yoy due to an unfavorable product mix which was impacted by COVID induced lock downs and scattered market timings.. On the bottom-line front, PAT  grew by ~36% to ~Rs60cr. Going ahead, we expect healthy top-line and bottom-line growth on the back of strengthening its premium products portfolio through new launches, strong brand and wide distribution network. Overall 1Q results were in line with expectation. Hence, we are positive on stock.

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