Radico Khaitan reported a 10.2% YoY increase in its net profit for the June quarter to Rs 68.3 crore, against the Rs 62 crore reported in the year-ago quarter. 

Radico Khaitan is the largest manufacturer of Indian Made Foreign Liquor, and the company has a production capacity of 165 million liters per annum. 

The Revenue from operations saw an increase of 26.4% YoY to Rs 953.9 crore for the FIrst quarter of the current fiscal year from the Rs 757.4 crore in the corresponding period of the preceding fiscal.

The company’s EBITDA margins were up by 30 basis points to 12.5% compared to the 12.2% in the Q1FY23. 

At the operating level, EBITDA jumped 29.2% to Rs 119.5 crore in Q1 of this fiscal over Rs 92.5 crore in the corresponding period in the previous fiscal.

The company reported a drop in volume sales of its “regular and other” segment at 4.15 million cases or 7.2% below its number reported in Q1 of the previous fiscal year. Whereas, the revenue from the said segment declined 5.5% YoY at Rs 278.3 crore.

The company’s wholly owned brands like Magic Moments, Jaisalmer, and Rampur India Single Malt, recorded volume sales of 6.53 million cases, which is a 3% increase on a yearly basis. 

The total volume for the company that includes its royalty brands recorded a sale of 7.36 million cases, which is a 7.9% increase on a yearly basis. 

Chairman and Managing Director Lalit Khaitan said “We continue to focus on our luxury and premium portfolio. Although, we have faced raw material pressure in the short term but the mid to long-term growth and margin trajectory remains intact,”

At 2:00 pm, the shares of Radico Khaitan were trading at Rs 1,437.65 or 4.08% below its previous close of Rs 1,447.40 on NSE.