Radico Khaitan - Focus On Premiumisation Aiding Q3 Margin Profile: ICICI Direct
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Radico Khaitan Ltd. reported volume growth of approximately 1% YoY in Q3 FY21 compared to industry de-growth of 1%.
Prestige and above segment continued to perform well with volume growth of 5% YoY.
The company reported revenue growth of 5.6% YoY to Rs 684 crore. Ebitda grew 21% YoY to Rs 124.6 crore driven by improved margin profile.
Ebitda margin expanded 235 basis points from 15.8% to 18.1% due to gross margin improvement and cost rationalisation.
Lower Interest cost and higher other income enabled the company to report 45% YoY growth in net profit to Rs 80.5 crore.
Click on the attachment to read the full report:
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 author entity 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.