Radico Khaitan - Premium Volumes Continue To Outshine Popular: ICICI Direct

Radico Khaitan’s Magic Moments Liquor bottles. (Source: Company website).

Radico Khaitan - Premium Volumes Continue To Outshine Popular: 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. in Q4 FY21 reported volume growth of 8% (excluding-Andhra Pradesh impact, double digit volume growth).

For FY21, the company’s volumes have degrown 8% (compared to a mid-teen de-growth for liquor industry).

In Q4 FY21, prestige and above segment volumes (28% of overall Indian-made foreign liquor volumes) grew 15%.

The company reported revenue growth of 19% YoY to Rs 695 crore.

Ebitda grew 23% YoY to Rs 101 crore driven by improved margin profile.

Ebitda margin expanded 50 basis points from 14.1% to 14.6% due to gross margin improvement and cost rationalisation.

Click on the attachment to read the full report:

ICICI Direct Radico Company Update.pdf

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