RADICO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Radico Khaitan, India's largest IMFL company, released an investor presentation showcasing strong financial performance for FY2026. Net revenue reached Rs 6,050 crore with 25% YoY growth, while EBITDA improved to Rs 1,018 crore (16.8% margin) from Rs 668 crore. The company sold 38.3 million IMFL cases (up 22% YoY), with premium 'Prestige & Above' brands now comprising 45.6% of total volume and 70.3% of revenue. The presentation highlighted industry dynamics showing India's spirits market at 400 million cases (2024) growing at 13.4% value CAGR to reach Rs 5,548 billion by 2029. Management emphasized a premiumization strategy, strong luxury portfolio expansion (Rampur Single Malt, Jaisalmer Gin), and global exports to over 100 countries. ROE and ROCE reached 20% and 25% respectively.
The strong premiumization trend with P&A brands growing at 21% CAGR since FY2021 and EBITDA margin expansion from 14% to 16.8% signals improving profitability. The shift toward higher-margin premium products and growing exports presence should be positive for margins and valuation. The company appears well-positioned in India's consolidating IMFL industry.