Radico Khaitan Limited has informed the Exchange about Transcript
RADICO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Radico Khaitan posted its highest-ever quarterly volumes, sales, and profitability in Q1 FY26, with IMFL volumes up 37.5% year-on-year to 9.72 million cases, led by 41% growth in the Prestige and above category. Gross margin improved to 43% and EBITDA margin expanded sharply from 13.0% to 15.3%, supported by premiumisation, stable raw materials, and operating leverage. Management upgraded its margin expansion guidance to 125-150 basis points annually for the next three years (from 100 bps earlier) and reaffirmed 20%+ volume growth for FY26, targeting Rs. 500 crore revenue from luxury and semi-luxury brands. The UK-India FTA, which cuts scotch import duty from 150% to 75%, is expected to deliver significant cost benefits, with scotch imports projected to cross Rs. 400 crore in three years. The CFO guided the company toward being almost debt-free by FY27, with net debt already down Rs. 164 crore since March 2025 and Capex run-rate of Rs. 150-160 crore annually.
Strong volume beat, expanded margins, upgraded multi-year margin guidance, and a clear path to becoming debt-free by FY27 are positive for shareholders. The stock is likely to see a positive reaction given the across-the-board outperformance and visible earnings growth runway in premium and luxury segments.