Dolat Capital: Radico Khaitan Upping The Competitive Ante; Growth + PE Re-Rating Story  

Dolat Capital: Radico Khaitan Upping The Competitive Ante; Growth + PE Re-Rating Story

A woman holds a bottle of Radico Khaitan Ltd.’s Magic Moments vodka at the 2018 Sunburn Music Festival in Goa, India. (Photo: Radico Khaitan website)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Radico Khaitan Ltd. annual report highlighted that it registered a healthy 12.5% volume growth in FY20 against industry growth of meager 0.5%.

Premiumisation remains the key focus area and a growth driver. 11 out of 12 brands launched in last decade were in premium category. Radico Khaitan’s brand portfolio is entirely organically developed.

The company has four millionaire brands and two more in the pipeline. Radico Khaitan was ranked as the number one mid -cap company in Fortune India’s “The Next 500” viz. the most promising companies in India, outside the Fortune 500.

We remain constructive on Radico Khaitan story led by expansion in addressable opportunity in premium whisky (90-100 million cases), and deleveraging trajectory.

Click on the attachment to read the full report:

Dolat Capital Radico Khetan Annual Report Analysis.pdf
Read Document

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

lock-gif
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Still Not convinced ?  Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES