Radico Khaitan delivered exceptional financial performance in Q1 FY27, with net profit jumping 76% to ₹230 crore compared to the same period last year. According to latest reports from The Times of India, this significant profit surge was driven by healthy growth in the liquor maker's overall revenues during the quarter under review. The consolidated net profit of ₹230 crore represents a substantial increase from ₹130.52 crore recorded in the corresponding quarter of the previous year, demonstrating the company's strong operational performance and marking the highest-ever quarterly profit for the company. The company has now achieved its highest-ever quarterly volume, net sales and EBITDA, with management attributing the performance to sustained momentum in premium brands.
The company achieved its highest-ever quarterly revenue of ₹5,867.69 crore, representing a 13.22% year-on-year increase from ₹5,182.30 crore in the previous year, as reported by The Economic Times. This revenue growth provided the foundation for the substantial profit increase, demonstrating the company's ability to convert higher sales into improved bottom-line performance. The Indian Made Foreign Liquor (IMFL) revenue grew 18% during the quarter, led by the Prestige & Above portfolio, while non-IMFL revenue declined due to higher captive consumption and lower bulk alcohol sales during the period. According to The Economic Times, revenue from operations (excluding excise duty) jumped 11.79% year-on-year to ₹1,683.69 crore in Q1 FY27. The bulk of the reported revenue is excise duty collected and passed through, at ₹4,184 crore in the quarter, so the cleaner read shows net of that, with the company's operating leverage doing the heavy lifting.
The company's EBITDA surged 50% to ₹348 crore compared to ₹232.2 crore in the previous year, as per CNBC TV18 data. EBITDA margin expanded sharply to 20.7% from 15.4% in the corresponding quarter of the previous year, reflecting stronger operating leverage and improved cost efficiencies. Profit before tax (PBT) climbed 69.68% YoY to ₹301.39 crore in Q1 FY27, while gross margin expanded 610 basis points year-on-year and 110 basis points sequentially to 49.1%, supported by a relatively benign raw material cost environment and an improving product mix. PBDT (Profit Before Depreciation and Tax) surged 59% to ₹346.22 crore compared to ₹218.06 crore in the previous year. The margin story is visible in the expense lines once excise is set aside, with cost of materials consumed rising only marginally to ₹854.56 crore from ₹828.75 crore, showing raw material pressure easing relative to sales growth. Cost of materials consumed rose only 3% against revenue growth net of excise that was far higher, which demonstrates the company's effective cost management and operational efficiency.
The company demonstrated strong volume performance with total own volumes rising 6% year-on-year to 9.82 million cases from 9.27 million cases, while total volumes increased 2.8% to 10 million cases during Q1 FY27, as reported by The Economic Times. Prestige & Above volumes surged 35.8% to 5.22 million cases, while Regular & Others volumes declined 15.1% to 4.61 million cases. The Prestige & Above segment contributed 53.1% of total own volumes, up from 41.5% a year ago, with the Prestige & Above portfolio accounting for 76.8% of total IMFL revenue, compared with 66.7% year earlier. IMFL revenue increased 18% to ₹1,262.5 crore, driven by a 36% jump in Prestige & Above revenue to ₹970 crore, while non-IMFL revenue declined 3.5% to ₹421.2 crore. The company has been shifting its portfolio toward higher-margin premium brands in whisky, gin and other categories, with this quarter showing that strategy converting modest revenue growth into outsized profit growth. Selling and distribution expenses rose more sharply to ₹180.07 crore from ₹146.86 crore, a 22.6% increase that reflects continued investment behind brand building and the premium portfolio, a deliberate spend that supports the mix improvement.
The strong operational performance has driven significant investor interest, with Radico Khaitan hitting a record high of ₹4,451, surging 4% in Wednesday's intra-day trade and soaring 9% during the past four trading days, as reported by Business Standard. The stock has zoomed 70% in the past four months, reflecting strong market confidence in the company's growth trajectory. United Spirits shares also gained momentum, hitting a 52-week high of ₹1,536, up 2% in intra-day deals and gaining 10% during the past six trading days. Tilaknagar Industries and Allied Blenders also rallied up to 4% and 3.5% respectively, outperforming the BSE Sensex which rose only 1%. Radico Khaitan's scrip has gained nearly 56% in the past six months, compared to a 12% rise in United Spirits and a decline of 2% for United Breweries, as reported by Bloomberg. Domestic institutional investors (DIIs) have raised their stake to 28.08% as of June-end, from 24.03% at the end of December, reflecting growing confidence in the company's growth prospects. Radico Khaitan raised its FY27 premium volume growth guidance to over 25%, up from its earlier forecast of 20%, as reported by CNBC TV18. The company reiterated its expectation of delivering an EBITDA margin of around 20% for the financial year. Shares of Radico Khaitan climbed 3.53% to ₹4,296.10 on the National Stock Exchange following the results announcement, with investors welcoming the upbeat guidance and earnings performance.
