Radico Khaitan posts another stellar quarter, Highest ever quarterly P&A volumes and EBITDA
Radico Khaitan Limited, one of the largest spirits companies in India (referred to as “Radico Khaitan” or the “Company”), announces its results for the second quarter and half year ended September 30, 2025.
Q2 FY2026 Performance Summary
* Total IMFL volume* of 9.34 Million Cases (+37.8%)
* Prestige & Above brands volume of 3.89 Million Cases (+21.7%); Prestige & Above brands contribution to the IMFL volumes of 43.6% (vs. 53.2%)
* Prestige & Above brands net sales of Rs. 718.4 Cr (+24.3%); Prestige & Above brands contribution to the Total IMFL sales value of 68.6% (vs. 75.7%)
* Revenue from Operations (Net) of Rs. 1,493.9 Cr (+33.8%)
* Gross Profit of Rs. 652.0 Cr (+33.9%) at 43.6% margin
* EBITDA of Rs. 236.1 Cr (+45.4%) at 15.8% margin (compared to 14.5% in Q2 FY25)
* Total Comprehensive Income of Rs. 137.8 Cr (+68.9%)
Half Year FY2026 Performance Summary
* Total IMFL volume* of 19.07 Million Cases (+37.7%)
* Prestige & Above brands volume of 7.73 Million Cases (+30.5%); Prestige & Above brands contribution to the IMFL volumes of 42.5% (vs. 48.2%)
* Prestige & Above brands net sales of Rs. 1,431.7 Cr (+32.9%); Prestige & Above brands contribution to the Total IMFL sales value of 67.6% (vs. 71.4%)
* Revenue from Operations (Net) of Rs. 3,000.0 Cr (+33.2%)
* Gross Profit of Rs. 1,299.7 Cr (+36.3%) at 43.3% margin
* EBITDA of Rs. 466.8 Cr (+50.3%) at 15.6% margin (compared to 13.8% in H1 FY25)
* Total Comprehensive Income of Rs. 270.1 Cr (+71.6%)
* Including brands on Royalty
Performance Overview
Commenting on the performance, Dr. Lalit Khaitan, Chairman and Managing Director said:
“I am pleased to report a stellar performance in Q2 FY26, reaffirming our commitment to value-led growth and resilience in a dynamic operating environment. Supported by a stable raw material scenario, our continued focus on premiumization, and operating leverage, we delivered strong operating margins while deepening consumer and market engagement. Although the global trade situation has posed short-term challenges for exports, our robust domestic portfolio underscores the inherent strength and agility of our business model. As Indian consumer aspirations evolve and regulatory reforms progress, we remain confidently positioned to accelerate the next phase of our journey i.e., driving profitable growth, enhancing cash flows, and delivering long-term value for our shareholders.”
Commenting on the performance, Mr. Abhishek Khaitan, Managing Director said:
“Our premium-first strategy continues to deliver exceptional results, reinforcing Radico Khaitan’s standing as one of India’s most aspirational spirits companies. Morpheus Rare Luxury Whisky continues to strengthen its position in the super-premium whisky segment with expanding consumer reach across markets, while The Spirit of Kashmyr Vodka is now available in 7 states and is rapidly scaling its footprint across key metros and premium outlets. This momentum reflects the power of our long-term brand-building investments and the trust we’ve earned from discerning consumers. The Indian spirits landscape is undergoing a fundamental shift towards premiumization, and Radico Khaitan is uniquely positioned to lead this transformation. With a strong innovation pipeline, expanding distribution, and consistent brand investments, we are entering the next phase of accelerated, high-quality growth, both in India and across international markets.”
Above views are of the author and not of the website kindly read disclaimer
