Radico Khaitan Q1 FY27: Revenue Up 11.8% to ₹1,683.7 Cr, EBITDA Soars 50.9%
Radico Khaitan reported a record Q1 FY27 with revenue up 11.8% to ₹1,683.7 crore and EBITDA up 50.9% to ₹348.1 crore. Prestige & Above volume grew 35.8%. Net debt reduced by ₹138 crore. The company raised its P&A volume growth guidance to over 25% and expects FY27 EBITDA margin around 20%.
The results showcase strong financial and operational performance, exceeding previous periods and indicating positive future outlook, which is material for investors.
The company reported record performance with significant year-on-year growth in revenue, EBITDA, and profit, alongside a reduction in net debt. Management commentary is optimistic about future growth driven by premiumization and favorable industry trends.
Radico Khaitan Limited announced its unaudited financial results for the quarter ended June 30, 2026, presenting a record performance with the highest ever volume, top line, and profitability.
Revenue from operations (Net) increased by 11.8% year-on-year to ₹1,683.7 crore. The total IMFL volume grew by 2.8% to 10.00 million cases, with the Prestige & Above segment volume surging by 35.8% to 5.22 million cases. EBITDA saw a significant jump of 50.9% to ₹348.1 crore, with the EBITDA margin expanding by 536 basis points to 20.7%. Total comprehensive income increased by 70.5% to ₹225.4 crore. The company also reported a reduction in net debt by ₹138 crore compared to March 2026, standing at ₹106 crore.
Management commentary highlighted the sustained premiumisation strategy, disciplined execution, and the strong performance of the Prestige & Above portfolio. The company noted the dynamic operating environment but emphasized the favourable structural tailwinds in the Indian IMFL industry, driven by progressive regulatory reforms and a sustained shift towards premium brands. Investments in brand building, organizational bandwidth, backward integration, and manufacturing capacity were cited as strengthening the competitive position.
The company's premiumisation strategy continues to yield strong results, with the Prestige & Above segment growing by 36% and significantly improved profitability. The vodka category is experiencing rapid growth, with Magic Moments Vodka delivering an impressive 43% volume growth. The company has upgraded its P&A volume growth guidance to over 25% for the full year FY2027 and expects to deliver an EBITDA margin of around 20% for the full year FY2027.
Key financial metrics for Q1 FY2027 include a Gross Profit of ₹826.8 crore (up 27.7% y-o-y) and a Gross Margin of 49.1%. The company's luxury portfolio, including Rampur Indian Single Malt Whisky and Jaisalmer Indian Craft Gin, continues to receive accolades and expand its global presence. Magic Moments Vodka maintains its market leadership with 60% market share, while brands like 8PM Premium Black Whisky and After Dark Blue Whisky are also showing strong traction and undergoing premiumization efforts.
The company will host an Earnings Conference Call on Wednesday, July 29, 2026, at 4:00 PM IST to discuss the results.
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