Radico Khaitan - Focus On Premiumisation Aiding Q3 Margin Profile: ICICI Direct
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Radico Khaitan - Focus On Premiumisation Aiding Q3 Margin Profile: ICICI Direct

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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:

ICICI Direct Radico Company Update.pdf

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