New Delhi, India, October 24, 2024 – Radico Khaitan Limited, one of the largest spirits companies in India, announces its results for the second quarter and half year ended September 30, 2024.
Q2 FY2025 Performance Summary
- Total IMFL volume* of 6.78 Million Cases (-2.5%)
- Prestige & Above brands volume of 3.20 Million Cases (+12.6%)
- Prestige & Above brands net sales of Rs. 578.0 Cr (+18.0%)
- Prestige & Above brands contribution to the IMFL volumes of 53.2% (vs. 47.1%)
- Prestige & Above brands contribution to the Total IMFL sales value of 75.7% (vs. 70.0%)
- Revenue from Operations (Net) of Rs. 1,116.3 Cr (+20.7%)
- Gross Profit of Rs. 487.0 Cr (+19.3%) at 43.6% margin
- EBITDA of Rs. 162.4 Cr (+34.7%) at 14.5% margin
- Total Comprehensive Income of Rs. 81.6 Cr (+33.0%)
Half Year FY2025 Performance Summary
- Total IMFL volume* of 13.85 Million Cases (-3.3%)
- Prestige & Above brands volume of 5.93 Million Cases (+13.4%)
- Prestige & Above brands net sales of Rs. 1,077.6 Cr (+18.5%)
- Prestige & Above brands contribution to the IMFL volumes of 48.2% (vs. 41.6%)
- Prestige & Above brands contribution to the Total IMFL sales value of 71.4% (vs. 64.7%)
- Revenue from Operations (Net) of Rs. 2,252.8 Cr (+19.9%)
- Gross Profit of Rs. 953.5 Cr (+15.7%) at 42.3% margin
- EBITDA of Rs. 310.6 Cr (+29.7%) at 13.8% margin
- Total Comprehensive Income of Rs. 157.4 Cr (+26.7%)
* Including brands on Royalty
Performance Overview
Above financials are on Standalone basis
Commenting on the performance, Dr. Lalit Khaitan, Chairman and Managing Director said:
“We continued to deliver strong operational performance in Q2 FY2025, achieving 12.6% growth in the Prestige & Above category, along with sequential improvement in EBITDA margins. Radico Khaitan has achieved double-digit premium volume growth for 12 consecutive quarters. Over the past three years, we have faced unprecedented inflationary pressures, which impacted our operating margins. However, by focusing on innovation and investing in our premium brand portfolio, we have successfully navigated these challenging times. With the worst of the input cost pressures behind us, we expect to continue delivering consistent and profitable growth. I am highly optimistic about the growth opportunities in the Indian alcobev sector and confident in our strategic roadmap, which will create long-term sustainable value for all our stakeholders.”
Commenting on the performance, Mr. Abhishek Khaitan, Managing Director said:
“Q2 FY2025 marked a significant turnaround in our operational performance, underscoring the strength of our robust business model. Innovation remains a core strength of Radico Khaitan, and in line with our strategy of expanding our luxury portfolio, we launched the newest expression of Rampur Indian Single Malt, Barrel Blush. Initially matured in American Bourbon barrels and finished in Australian Shiraz wine casks, it stands for tradition and expert craftsmanship. Ahead of the festive season, we launched a new campaign for one of our most successful brands, Royal Ranthambore, featuring Bollywood star Saif Ali Khan, which is expected to elevate the brand to new heights. We are making strong progress on our strategic roadmap and remain confident in delivering results in line with our expectations.”