Radico Khaitan delivered exceptional September quarter results, with consolidated net profit rising 66.5% year-on-year to ₹232.34 crore compared with ₹139.55 crore in the same period last year. According to reports from The Hindu BusinessLine and Moneycontrol, revenue from operations grew 10.4% to ₹5,582.71 crore from ₹5,057 crore in the corresponding quarter. The company achieved its highest-ever quarterly volumes, revenue, and profitability, demonstrating strong operational performance across key metrics. Total income, including other income, rose 10.45% to ₹5,587.76 crore in the September quarter. Shares of the distiller rose 1.79% to ₹4,275 on the NSE, giving the company a market capitalisation of approximately ₹57,347.32 crore. For the half-year period (H1 FY27), the company's net profit jumped 71% to ₹462 crore compared to ₹270 crore on a YoY basis, with revenue from operations standing at ₹11,458.19 crore against ₹10,374 crore in H1 FY26.
EBITDA surged 50.6% to ₹357 crore from ₹237 crore in the corresponding quarter last year, while EBITDA margin expanded significantly to 6.39% from 4.69%, according to The Hindu BusinessLine. This margin expansion reflects improved profitability driven by a shift towards premium products and a richer sales mix. Gross margins widened 440 basis points year-on-year to 48%, supported by a pre-built grain inventory that cushioned the impact of rising input costs. The company faced inflationary pressure in grain during the quarter, but built up higher level of stocks to mitigate the impact, resulting in higher working capital during Q2 FY27. Total expenses increased 8.35% to ₹5,280.04 crore in the September quarter.
The Prestige & Above category recorded volume growth of 35.8%, significantly outpacing industry performance, with volumes rising to 5.28 million cases and now accounting for 53.7% of total own volumes. According to The Hindu BusinessLine and Moneycontrol, the vodka segment led premium volume growth, rising 49% to 2.96 million cases, with Magic Moments maintaining roughly 60% market share in India. Revenue from the Prestige & Above portfolio rose 38.6%, demonstrating the success of the company's premium-focused strategy. Total IMFL volumes, including royalty brands, grew 7.2% to 10.02 million cases - a new quarterly record. Regular & Others contracted 9.7% to 4.55 million cases in Q2 FY27, due to a high base in the year-ago period following a change in route-to-market strategy in Andhra Pradesh, as well as policy changes in Maharashtra and Karnataka. Managing Director Abhishek Khaitan noted that the premium-first strategy has delivered remarkable results, with the Prestige & Above portfolio volume growing 36% in Q2, well ahead of the industry.
The company demonstrated strong financial discipline with net debt falling ₹68.7 crore from March 2026 levels to ₹175.4 crore as of September 30, 2026. As reported by The Hindu BusinessLine and Moneycontrol, total debt stood at ₹247.1 crore, including term loans of ₹54.3 crore, while cash and cash equivalents stood at ₹71.7 crore. Term loans declined by ₹75.7 crore during the six months ended September 2026. Management guided towards a net-debt-free position in the second half of FY2027, reflecting improved cash flow generation and disciplined capital allocation. This debt reduction, combined with the strong operational performance, positions the company well for continued growth and potential future expansion opportunities.
In a significant leadership development, Dilip Banthiya was elevated to Executive Director and CFO, while Senior Vice President Saket Somani was named Deputy CFO, effective October 28, as reported by Moneycontrol. The company upgraded its Prestige & Above volume growth guidance for FY2027 to 30%, while reiterating the EBITDA margin guidance of around 20%. Managing Director Abhishek Khaitan announced that the company is expanding its global footprint and is now the first Indian spirits company to be present across four major UK airports. Building on around 70 travel retail outlets currently, the company is steadily progressing towards its target of 100 outlets in the coming years. Management noted that a rationalised duty framework in Karnataka is showing early signs of a more premium-friendly market, with encouraging signals from Tamil Nadu as well.
