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RADICO - Radico Khaitan

📊 NSE: RADICO 🏢 Breweries & Distilleries 📅 Last Updated: 12/14/2025 11:29

📢 Recent Corporate Announcements

Radico Khaitan Schedules Q4 and FY2026 Earnings Conference Call for May 07, 2026

🟡 NEUTRAL ⭐ 3/10

EARNINGS 📅 29 Apr 2026, 05:45 PM

Radico Khaitan Limited has scheduled its earnings conference call for the fourth quarter and full financial year 2026 on May 07, 2026, at 4:00 PM IST. The call will follow the official announcement of financial results and the release of the investor presentation on May 06, 2026. Management will discuss the company's performance and outlook with analysts and institutional investors. Access to the call is available via universal dial-in numbers +91 22 6280 1384 and +91 22 7115 8285.

Q4 and Full Year FY2026 earnings conference call scheduled for May 07, 2026, at 4:00 PM IST.
Financial results and investor presentation to be released on May 06, 2026.
Universal access dial-in numbers provided: +91 22 6280 1384 and +91 22 7115 8285.
The event is a routine disclosure under Regulation 30 of SEBI Listing Regulations.

💡 Investors should monitor the financial results on May 06 and participate in the call on May 07 to gain insights into the company's premiumization strategy and volume growth.

Radico Khaitan to Close Trading Window from April 1, 2026 for FY2026 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Mar 2026, 07:09 PM

Radico Khaitan Limited has announced the closure of its trading window for all designated persons starting April 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's upcoming financial results. The closure pertains to the audited standalone and consolidated financial results for the quarter and full financial year ending March 31, 2026. The trading window will remain shut until 48 hours after the results are officially declared to the stock exchanges.

Trading window closure begins on April 1, 2026, for all designated persons and relatives.
Closure is linked to the Audited Financial Results for the quarter and year ending March 31, 2026.
The window will reopen 48 hours after the financial results are announced to the exchanges.
The specific date for the Board Meeting to approve these results will be notified separately.

💡 This is a routine regulatory announcement with no impact on company fundamentals; investors should wait for the actual earnings release to assess performance.

Radico Khaitan to Close Trading Window from April 1, 2026, for Q4 and FY2026 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Mar 2026, 04:16 PM

Radico Khaitan Limited has announced the closure of its trading window starting April 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is ahead of the announcement of the company's standalone and consolidated financial results for the quarter and financial year ending March 31, 2026. The window will remain shut for all designated persons and their relatives until 48 hours after the results are declared. The specific date for the board meeting to approve these results will be communicated at a later date.

Trading window closure starts from Wednesday, April 01, 2026
Closure pertains to financial results for the quarter and year ending March 31, 2026
Window to reopen 48 hours after the official announcement of financial results
Restriction applies to all Designated Persons and their immediate relatives as per SEBI norms

💡 This is a routine regulatory filing and does not impact the company's fundamentals. Investors should monitor the upcoming board meeting date for the actual financial performance disclosure.

Radico Khaitan Schedules One-on-One Investor Meeting with Sundaram Mutual Fund

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 20 Mar 2026, 11:03 AM

Radico Khaitan Limited has announced a scheduled interaction between its senior management and Sundaram Mutual Fund. The one-on-one meeting is slated for March 25, 2026, as part of its regular investor relations program. The company has explicitly stated that no unpublished price sensitive information will be discussed during the session. This disclosure is a standard compliance requirement under Regulation 30 of the SEBI Listing Regulations.

One-on-one meeting scheduled with Sundaram Mutual Fund on March 25, 2026
Interaction involves senior management to discuss company performance and strategy
Company confirms that no Unpublished Price Sensitive Information (UPSI) will be shared
Disclosure made in compliance with SEBI Listing Regulations 2015

💡 No immediate action is required as this is a routine institutional meeting. Investors may review the company's latest investor presentation available on their website for current business updates.

Radico Khaitan Schedules Investor Meetings with CLSA, Pictet, and Others in March 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Mar 2026, 12:35 PM

Radico Khaitan Limited has announced a series of institutional investor interactions scheduled between March 18 and March 26, 2026. The senior management will participate in the CLSA India 2nd Consumer Tour and hold one-on-one meetings with firms including Cusana Capital, Hudson Bay Capital, and Pictet Asset Management. These meetings are part of routine investor relations, and the company has stated that no unpublished price sensitive information (UPSI) will be discussed. The existing investor presentation on the company's website will be used for these discussions.

Group interaction with CLSA India scheduled for March 18, 2026, during the Consumer Tour.
One-on-one meetings with Cusana Capital and Hudson Bay Capital on March 19 and March 25, 2026.
Scheduled interaction with Pictet Asset Management on March 26, 2026.
Company confirms no Unpublished Price Sensitive Information (UPSI) will be shared during these sessions.

💡 This is a routine disclosure; investors should monitor for any subsequent analyst reports or updates that may emerge from these institutional interactions. No immediate portfolio action is required based solely on this schedule.

Radico Khaitan Allots 4,444 Equity Shares Under ESOP 2006

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 11 Mar 2026, 04:38 PM

Radico Khaitan Limited has approved the allotment of 4,444 equity shares to eligible employees following the exercise of stock options under its ESOP 2006 scheme. The shares were issued at an exercise price of Rs. 928.05 per share, which includes a premium of Rs. 926.05 per share. Following this allotment, the company's total paid-up equity share capital has increased to 13,38,97,933 shares. This is a minor administrative event with negligible dilution for existing shareholders.

Allotment of 4,444 equity shares of face value Rs. 2 each
Exercise price set at Rs. 928.05 per share
Total paid-up equity capital increased to Rs. 26,77,95,866
The allotment was approved by the Nomination, Remuneration and Compensation Committee on March 11, 2026

💡 No action is required as this is a routine administrative matter with negligible impact on shareholding value. Investors should remain focused on the company's quarterly earnings and market expansion updates.

Radico Khaitan's Old Admiral Brandy Crosses 10 Million Cases Sales Milestone in FY26

🟢 POSITIVE ⭐ 7/10

OTHER 📅 05 Mar 2026, 05:13 PM

Radico Khaitan has announced that its Old Admiral Brandy brand achieved a significant milestone by crossing 10 million cases in sales during FY26. This represents a massive jump from the 5.6 million cases sold in FY25, nearly doubling the volume within a year. The growth was primarily driven by focused distribution and market support in the key southern states of Andhra Pradesh, Telangana, and Karnataka. This achievement underscores the brand's strong consumer loyalty and its scaling capabilities within the Indian Made Foreign Liquor (IMFL) category.

Old Admiral Brandy sales surpassed 10 million cases in FY26
Significant volume growth compared to 5.6 million cases recorded in FY25
Strengthened market leadership in Andhra Pradesh, Telangana, and Karnataka
Growth attributed to consistent quality, value proposition, and focused distribution initiatives

💡 Investors should take this as a positive sign of Radico's brand-building strength and market share expansion; watch for the impact of this volume growth on the company's revenue and margins in the upcoming financial results.

Radico Khaitan Schedules Investor Meetings and Conferences for March 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 03 Mar 2026, 12:46 PM

Radico Khaitan Limited has announced a series of investor interactions scheduled between March 6 and March 10, 2026. The management will engage in a one-on-one meeting with FSSA Investment Managers and participate in two major institutional conferences. These events include the UBS Emerging India Mid-Caps Corporate Day in Singapore and the Investec Promoter & Founder Conference 2026. The company has stated that no unpublished price-sensitive information will be disclosed during these interactions.

One-on-one meeting scheduled with FSSA Investment Managers on March 6, 2026
Participation in UBS Emerging India Mid-Caps Corporate Day in Singapore on March 9, 2026
Attendance at the Investec Promoter & Founder Conference on March 10, 2026
Management confirms that no Unpublished Price Sensitive Information (UPSI) will be shared

💡 This is a routine disclosure; investors should review the latest corporate presentation on the company's website for updated business insights.

Radico Khaitan to Meet Manulife Investment Management on February 20, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 17 Feb 2026, 01:19 PM

Radico Khaitan Limited has scheduled a one-on-one meeting with Manulife Investment Management on February 20, 2026. This interaction is part of the company's ongoing engagement with institutional investors to discuss business outlook and strategy. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during this session. The presentation to be used for the meeting is already available on the company's investor relations website for public viewing.

One-on-one meeting scheduled with Manulife Investment Management on February 20, 2026.
Disclosure made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
Senior management will represent the company during the interaction.
Company confirmed that no unpublished price sensitive information will be discussed.
The corporate presentation for the meeting is accessible via the company's official website.

💡 This is a routine investor interaction and requires no immediate action. Investors may review the company's latest investor presentation to stay updated on its strategic objectives and market positioning.

Radico Khaitan FY25 Revenue Hits ₹4,851 Cr; Premium Segment Value Contribution at 69.4%

🟢 POSITIVE ⭐ 7/10

ROUTINE 📅 17 Feb 2026, 01:01 PM

Radico Khaitan's February 2026 presentation highlights a successful transition toward a premium-led growth model, with FY2025 IMFL volumes rising 9% to 31.4 million cases. The Prestige & Above (P&A) segment is the primary driver, now contributing 69.4% of total value and showing a 13% volume CAGR since FY2019. The company has successfully doubled its production capacity to 321 million liters, securing long-term raw material supply. Management expects significant margin expansion in FY2026 due to the combined impact of premiumization and stabilizing raw material costs.

FY2025 IMFL volume grew 9% YoY to 31.4 million cases, with Prestige & Above (P&A) volume share at 46.1%.
P&A segment value contribution reached 69.4%, with realization per case rising to ₹1,801 from ₹1,307 in FY2019.
Total manufacturing capacity doubled to 321 million liters following the completion of Rampur and Sitapur expansions.
FY2025 Net Revenue grew 18% YoY to ₹4,851 Crore with an EBITDA margin of 13.8%.
Export footprint expanded to over 100 countries, contributing 9% to total IMFL sales value.

💡 Investors should focus on the company's margin expansion trajectory in FY2026 as it benefits from a higher luxury brand mix and raw material tailwinds. The stock remains a key beneficiary of the structural premiumization trend in the Indian alcobev sector.

Radico Khaitan Elevates Internal Talent to CSO and CMO Roles; COO Amar Sinha Steps Down

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 13 Feb 2026, 12:21 PM

Radico Khaitan has announced a leadership progression to drive its premiumisation and global expansion strategy. The company elevated Sudhir Upadhyay, a veteran with 25 years of experience, to Chief Sales Officer and Kunal Madan, with 20 years of experience, to Chief Marketing Officer. These internal promotions coincide with the departure of Amar Sinha, who is stepping down from his role as Chief Operating Officer. The management transition aims to leverage the company's 321 million litre capacity and presence in over 100 countries.

Sudhir Upadhyay promoted to Chief Sales Officer after 10+ years at the company and 25 years in the industry.
Kunal Madan elevated to Chief Marketing Officer to lead brand architecture and premiumisation strategy.
Amar Sinha steps down as Chief Operating Officer following a significant tenure during the company's growth phases.
The company maintains a total owned production capacity of 321 million litres across multiple distilleries.
Radico Khaitan currently operates 44 bottling units and exports its brand portfolio to over 100 countries.

💡 Investors should monitor the new leadership's ability to execute the premiumisation strategy and maintain growth momentum following the COO's exit. The focus on internal promotions suggests organizational stability and continuity in long-term strategic goals.

Radico Khaitan COO Amar Sinha Resigns Effective March 31, 2026

🔵 WATCH ⭐ 6/10

MANAGEMENT 📅 13 Feb 2026, 12:20 PM

Radico Khaitan Limited has announced the resignation of its Chief Operating Officer, Mr. Amar Sinha, who will step down effective March 31, 2026. The resignation, cited for personal reasons, was accepted by the Nomination and Remuneration Committee on February 13, 2026. Mr. Sinha has been a key part of the senior management team, contributing to the company's growth journey. The company has expressed its appreciation for his contributions and noted that he will assist in a smooth transition of responsibilities.

Mr. Amar Sinha has resigned from the position of Chief Operating Officer (COO) effective March 31, 2026.
The resignation was formally accepted by the Nomination and Remuneration Committee on February 13, 2026.
The departure is attributed to personal reasons as per the official resignation letter.
Mr. Sinha has committed to ensuring an orderly transition and full cooperation in handing over his duties.

💡 Investors should monitor the company's upcoming announcements regarding the appointment of a successor to ensure operational continuity. While the resignation is for personal reasons, the loss of a senior executive requires a watch on the company's execution strategy.

Radico Khaitan Showcases Rampur 1943 Virasat; Portfolio Scores 91.9 Average in Whisky Bible

🟢 POSITIVE ⭐ 4/10

OTHER 📅 12 Feb 2026, 11:25 AM

Radico Khaitan hosted an exclusive tasting for its new premium Indian single malt, Rampur 1943 Virasat, featuring world-renowned whisky expert Jim Murray. The event highlighted the company's successful premiumization strategy, with Murray's 2026 Whisky Bible awarding nine Rampur variants an average score of 91.9 out of 100. The company also showcased its new pot stills at the Rampur distillery, designed to enhance flavor profiles for the next generation of whisky drinkers. This brand validation supports Radico's shift toward high-margin luxury spirits, which currently reach over 100 countries.

Rampur Indian Single Malt portfolio achieved a high average score of 91.9/100 in the 2026 Jim Murray Whisky Bible.
Introduction of new, specially designed pot stills to elevate flavor intensity and production quality.
Rampur 1943 Virasat maturation involves American bourbon barrels and finishing in ruby port pipes.
Radico Khaitan maintains a total owned production capacity of 321 million liters across its facilities.
The company operates 44 bottling units and exports its premium brands to over 100 countries globally.

💡 Investors should monitor the growth of the 'Prestige & Above' segment as these high-margin premium products are critical for long-term profitability. The strong global endorsement from experts like Jim Murray enhances brand equity and supports the company's premiumization narrative.

Radico Khaitan Schedules One-on-One Investor Meetings with Axiom and Tokio Marine

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 03 Feb 2026, 06:33 PM

Radico Khaitan Limited has scheduled two separate one-on-one interactions with institutional investors in February 2026. The company will meet with Axiom Investors on February 9 and Tokio Marine Asset Management on February 12. These meetings are part of the company's routine investor relations program to discuss the business environment and performance based on publicly available data. No unpublished price sensitive information is expected to be shared during these sessions.

One-on-one meeting with Axiom Investors scheduled for February 9, 2026
One-on-one meeting with Tokio Marine Asset Management scheduled for February 12, 2026
Senior management will represent the company during these interactions
Company explicitly stated that no Unpublished Price Sensitive Information (UPSI) will be discussed
The existing investor presentation on the company website will be used for these meetings

💡 This is a routine disclosure; investors should monitor the company's website for any updated presentations or transcripts that may follow these meetings.

Radico Khaitan Q3 FY26: Record 9.75M Case Volumes and 17.2% EBITDA Margin

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 30 Jan 2026, 09:42 PM

Radico Khaitan reported its highest-ever quarterly performance in Q3 FY26, driven by a 16.7% YoY growth in total IMFL volumes to 9.75 million cases. The company's premiumization strategy is yielding results, with the Prestige & Above category growing 26% in volume and gross margins expanding by 350 bps to 46.9%. Profitability improved significantly with EBITDA reaching ₹265 crores at a 17.2% margin, supported by stable raw material costs and strong growth in brands like Royal Ranthambore and After Dark. Additionally, the company reduced net debt by ₹209 crores and announced a new subsidiary in Scotland to secure its malt supply chain.

Highest-ever quarterly IMFL volume of 9.75 million cases, marking a 16.7% YoY increase.
Prestige & Above category grew 26% in volume and 29% in value, with realizations improving by 2.8%.
EBITDA margin expanded by 300 bps YoY to 17.2%, with net revenue reaching ₹1,547 crores.
Market share in Andhra Pradesh surged to 26% from 15% in the previous year's quarter.
Net debt reduced by ₹209 crores since March 2025, with a target to be debt-free by FY27.

💡 Investors should maintain a positive outlook given the strong premiumization trajectory and significant debt reduction. The strategic move to establish a Scotland subsidiary for malt sourcing secures the supply chain for their high-margin luxury portfolio.

View All RADICO Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Prestige & Above (P&A) segment grew 24% in value and 21.7% in volume in Q2 FY26. The Regular segment returned to growth with a sharp 79.6% volume increase in Q2 FY26 after 9 quarters of degrowth. Overall Net Sales grew 17.8% in FY25 to INR 4,851.2 Cr and 33.8% in Q2 FY26 to INR 1,493.9 Cr.

Geographic Revenue Split

Not disclosed by specific percentage, but the company highlights strong market positions in Uttar Pradesh and significant growth in Andhra Pradesh following the shift to private retail policy.

Profitability Margins

Gross Margin was 43.6% in Q2 FY26. Net Profit (Total Comprehensive Income) margin improved to 9.2% in Q2 FY26 from 7.3% in Q2 FY25. FY25 Net Sales grew 17.8% while Net Profit grew 32.9% to INR 341.2 Cr.

EBITDA Margin

EBITDA margin improved to 15.8% in Q2 FY26 from 14.5% in Q2 FY25, a 130 bps increase. FY25 EBITDA was INR 668.4 Cr, up 31.8% YoY.

Capital Expenditure

Not disclosed in absolute INR Cr for future periods, but the company recently expanded its Sitapur and Rampur distillery platforms to support premium brand growth.

Credit Rating & Borrowing

CARE AA; Stable for long-term bank facilities of INR 1,300 Cr (revised from AA- in June 2024). Short-term rating reaffirmed at CARE A1+ for INR 60 Cr. Finance costs rose 24.8% to INR 73.8 Cr in FY25.

⚙️ Operational Drivers

Raw Materials

Grain and Extra Neutral Alcohol (ENA) represent the primary input costs. Raw materials consumed in FY25 were INR 2,773.9 Cr, representing 57.2% of net revenue.

Import Sources

Primarily domestic sourcing within India, utilizing internal production from 8 distilleries located in states like Uttar Pradesh (Rampur, Sitapur).

Key Suppliers

Not disclosed; company relies on a diverse supplier base to manage price volatility.

Capacity Expansion

Operates 8 distilleries. Internal production of spirit for premium brands provides a strategic margin advantage of INR 6 to INR 9 per liter compared to external procurement.

Raw Material Costs

Raw material costs grew 17.2% YoY to INR 2,773.9 Cr in FY25. Procurement strategy includes maintaining strategic inventory levels to buffer against sudden price hikes in grain and ENA.

Manufacturing Efficiency

Internal sourcing of spirit for premium brands from Sitapur and Rampur distilleries improves margins by INR 6-9 per liter.

Logistics & Distribution

Selling & Distribution expenses were INR 476.5 Cr in FY25, representing 9.8% of net revenue, up 10.1% YoY.

📈 Strategic Growth

Expected Growth Rate

20%

Growth Strategy

Focus on the Prestige & Above (P&A) segment which grew 21.7% in volume in Q2 FY26. Scaling the luxury portfolio (Rampur, Jaisalmer) to reach >INR 500 Cr revenue in FY26 from INR 340 Cr in FY25. Leveraging the new private retail policy in Andhra Pradesh to increase market share. Backward integration in Sitapur/Rampur distilleries provides a cost advantage of INR 6-9 per liter on spirits.

Products & Services

Indian Made Foreign Liquor (IMFL) including Whisky, Vodka, Gin, Brandy, and Single Malts.

Brand Portfolio

8PM Whisky, Magic Moments Vodka, Rampur Indian Single Malt, Jaisalmer Indian Craft Gin, Royal Ranthambore Heritage Collection-Royal Whisky, Sangam World Malt.

New Products/Services

Luxury and semi-luxury segment (Rampur, Jaisalmer, Sangam, Royal Ranthambore) expected to contribute >INR 500 Cr in FY26, representing ~47% growth over FY25's INR 340 Cr.

Market Expansion

Expansion in Andhra Pradesh due to retail policy changes and continued focus on the CSD (Canteen Stores Department) market for premium brands.

Market Share & Ranking

One of India's oldest and largest IMFL companies; Magic Moments holds a dominant position in the vodka segment.

🌍 External Factors

Industry Trends

Accelerating shift toward premiumisation; the luxury segment is growing rapidly from a nascent stage. Volume growth is returning to the regular segment (79.6% in Q2 FY26) after a long period of degrowth.

Competitive Landscape

Increased competition from both domestic and international players due to the high growth potential of the Indian liquor industry.

Competitive Moat

Radico maintains a strong moat through a nationwide distribution network reaching 100,000+ retail outlets. High entry barriers due to complex state-level licensing and 8 owned distilleries ensure supply security and cost leadership (INR 6-9/liter saving).

Macro Economic Sensitivity

Sensitive to grain price inflation and state-level fiscal policies (taxes and levies) which impact consumer pricing and ENA costs.

Consumer Behavior

Expanding consumer base with an increasing propensity to spend more on lifestyle, premium brands, and experiences.

Geopolitical Risks

Not disclosed, though the company is expanding its international business ('Taking India to the World').

⚖️ Regulatory & Governance

Industry Regulations

Highly regulated state-level environment with diverse regional laws, production levies, complex tax structures, and advertising restrictions that can disrupt product movement.