New Delhi– Radico Khaitan Limited, one of the largest spirits companies in India (referred to as “Radico Khaitan” or the “Company”), announces its results for the first quarter ended June 30, 2024.
Q1 FY2025 Performance Summary
- Total IMFL volume* of 7.07 Million Cases (-4.0%)
- Prestige & Above brands volume of 2.73 Million Cases (+14.3%)
- Prestige & Above brands net sales of Rs. 499.5 Cr (+19.1%)
- Prestige & Above brands contribution to the IMFL volumes of 43.4% (vs. 36.5%)
- Prestige & Above brands contribution to the Total IMFL sales value of 67.0% (vs. 59.5%)
- Revenue from Operations (Net) of Rs. 1,136.5 Cr (+19.1%)
- Gross Profit of Rs. 472.0 Cr (+13.5%) at 41.5% margin
- EBITDA of Rs. 148.2 Cr (+24.6%) at 13.0% margin
- Total Comprehensive Income of Rs. 75.7 Cr (+20.6%)
* Including brands on Royalty
Performance Overview
Above financials are on Standalone basis
Commenting on the performance, Dr. Lalit Khaitan, Chairman and Managing Director said:
“During Q1 FY2025, we achieved strong premium volume growth despite a challenging operating environment. External factors such as lower consumption growth, concerns about ongoing foodgrain inflation, and volatile commodity prices did not deter us from delivering robust operating performance. We remain confident in the medium to long-term potential of the Indian IMFL sector. With our distinguished portfolio of luxury and premium brands, coupled with our execution expertise and an expansive distribution network, Radico Khaitan is well-positioned to seize forthcoming industry opportunities. We will continue enhancing our brand portfolio to outperform the industry. Moving forward, we will stay focused on our strategic priorities and deliver consistent and profitable growth.”
Commenting on the performance, Mr. Abhishek Khaitan, Managing Director said:
“FY2025 started on a positive note as we continued to deliver on our strategic roadmap. During the quarter, we launched Rampur Asava, Sangam, and Jaisalmer Gold Edition in India, enhancing the experience for connoisseurs of luxury brands. Our plan is to broaden the distribution of these distinguished brands throughout the year. We remain committed to curating a focused portfolio of premium brands that resonate with consumer aspirations. Moving forward, we will invest in strengthening our brand portfolio through targeted marketing and the introduction of select new brands in the luxury and premium space. As the year progresses, we expect the broader raw material basket to remain stable. Coupled with ongoing premiumization, we anticipate staying on track with our margin expansion trajectory.”