Radico Khaitan Ltd delivered its best-ever annual financial performance for the fiscal year ended March 31, 2026. According to reports from The Hindu BusinessLine, the company achieved net revenue of ₹6,050.4 crore, representing a 24.7% year-on-year growth and marking the first time revenue crossed the ₹6,000 crore milestone in the company's history. EBITDA surged 52.4% to ₹1,018.5 crore, also a first-time achievement, while EBITDA margin expanded 565 basis points to 19% in Q4, the highest ever on a quarterly basis. Net profit for FY26 surged 75.9% to ₹600.3 crore, demonstrating the company's strong operational performance across all metrics.
For the fourth quarter, Radico Khaitan reported net profit growth of 99.6% to ₹176.5 crore, compared with ₹88.40 crore in the same quarter last year. Revenue from operations rose 15.3% year-on-year to ₹1,503.7 crore, from ₹1,304.08 crore in the corresponding period of the previous fiscal. EBITDA jumped 64% YoY to ₹286.3 crore, with margins expanding to a record 19% from 13.4% a year ago. Gross margins improved 453 basis points year-on-year to 48% in Q4, aided by benign raw material costs and a richer product mix. Following the earnings announcement, Radico Khaitan shares ended marginally higher by 0.57% at ₹3,358.45 on the BSE, taking its market capitalisation to ₹44,967 crore.
The performance was primarily driven by the Prestige & Above segment, which recorded a 27.9% increase in volumes to 4.35 million cases and contributed 47.8% to total IMFL volumes, compared with 39.1% in the year-ago period. According to The Hindu BusinessLine, in value terms, this segment accounted for 72.2% of IMFL sales, with net sales rising 29.1% to ₹793.7 crore. The luxury portfolio including Rampur Indian Single Malt, Jaisalmer Indian Craft Gin, and Royal Ranthambore Whisky delivered combined sales value of ₹475 crore in FY26. Magic Moments Vodka, the company's flagship mass-premium brand, neared ₹1,500 crore in sales value and reached 8.6 million cases, further strengthening its leadership in vodka. After Dark grew over 60% and crossed the 3.1 million case mark, while Royal Ranthambore continued its robust trajectory of over 50% growth, reflecting strong momentum across key brands.
The company achieved significant debt reduction with net debt falling sharply to ₹244 crore as of March 31, 2026, down ₹329.5 crore from the previous year. As reported by The Hindu BusinessLine, the company expects to be net-debt free by the first half of FY2027. The Board of Directors more than doubled the dividend to ₹9 per share, up from ₹4 last year, and adopted a policy of minimum 20% payout going forward. Chairman and Managing Director Lalit Khaitan said the company closed the year on a strong note, supported by a favourable industry environment and sustained premiumisation. "The Indian IMFL industry remains structurally robust, driven by rising affluence, evolving consumer preferences, and growing acceptance of premium and luxury offerings," he added.
The stock closed at ₹3,358.45 on the BSE, up 0.57% on the day, giving the company a market capitalisation of approximately ₹44,967 crore. According to The Hindu BusinessLine, the stock has gained nearly 32% over the past year, reflecting strong investor confidence in the company's performance trajectory. Abhishek Khaitan, Managing Director, said the company closed FY2026 on a strong note, supported by sustained premiumisation and robust demand across segments. "FY2026 marks a clear inflection point for Radico Khaitan, with our premiumisation strategy and disciplined execution translating into stronger margins, improved return ratios, and enhanced earnings quality," he added.
