Radico Khaitan - Profit After Tax Growth In 17 Out Of 19 Quarters: Dolat Capital  
Radico Khaitan’s Magic Moments Liquor bottles. (Photo: Company website)

Radico Khaitan - Profit After Tax Growth In 17 Out Of 19 Quarters: Dolat Capital  

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.

Dolat Capital Report

Radico Khaitan Ltd. Q3 FY21 numbers were in-line and healthy. Revenue/Ebitda/adjusted profit after tax grew by a healthy up 5.6/ 21.5/ 30.9% YoY.

Radico outperformed United Spirits Ltd. by miles in nine months FY21 with revenue/Ebitda/APAT growth of down 6.4/up 6.3/ up 11.1% YoY versus United Spirits’s down 18.2/down 46.5/down 59.7% YoY.

Step-up in advertisement and promotion spends (up 37% YoY), launch of new variants and expansion of brands to new cities/states were other positives.

Over the last three years, the company experienced robust volume growth, price increases, premiumisation, raw material tailwinds, and thus de-leveraging.

Click on the attachment to read the full report:

Dolat Capital Radico Khaitan Q3FY21 Result Update.pdf

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