Dolat Capital: Radico Khaitan Firing On All Cylinders
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Dolat Capital Report
Radico Khaitan Ltd.’s Q2 FY21 was healthy on the operating front in backdrop of Covid-19, discretionary category, lack of on-trade sales and steep rise in taxes.
The company’s volume grew by 4.6% YoY (down 42% in Q1 FY21). The company’s revenue/Ebitda/adjusted profit after tax grew by 10.5/24/36% YoY.
Over the last three years, the company experienced robust volume growth, price increases, premiumisation, raw material tailwinds, and thus de-leveraging.
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