Radico Khaitan Q2 FY27: Record Volume, Revenue & Profitability; Upgrades Prestige & Above Growth to 30%
Radico Khaitan reported a record Q2 FY27 with IMFL volume at over 10 million cases and revenue of ₹1,746 crore. EBITDA stood at ₹356 crore with a 20.4% margin. Prestige & Above portfolio grew 36% in volume. The company upgraded its FY27 Prestige & Above volume growth to 30% and expects to maintain a 20% EBITDA margin.
The announcement details strong financial results, significant portfolio growth, and upgraded future guidance, which are material events for investors and stakeholders.
The company reported record financial performance, strong growth in its premium portfolio, and upgraded future growth guidance, indicating a positive outlook.
Radico Khaitan Limited announced its strongest second quarter in history for FY27, with record volume, revenue, and profitability. IMFL volume reached over 10 million cases, revenue stood at ₹1,746 crore, and EBITDA was ₹356 crore, achieving an EBITDA margin of 20.4%.
The company's Prestige & Above portfolio demonstrated robust growth, increasing by 36% in volume during the quarter, significantly outpacing the industry. This premiumization strategy is a key driver of the company's performance and mix enrichment.
In the vodka category, the structural shift is accelerating, with its share of IMFL reaching 6.3% in Q2, largely driven by flavored variants. The launch of Magic Moments Aam Panna has been well-received. For whisky, the new look of After Dark is resonating in its key market segment, and 8PM Premium Black whisky continues to gain traction. The luxury portfolio, including Rampur Indian Single Malt, Jaisalmer Indian Craft Gin, and Virasat Indian Single Malt, is performing exceptionally well both domestically and internationally.
Internationally, Radico Khaitan became the first Indian spirits company to be present across four major UK airports. The company is managing volatility in raw material and packaging costs through efficient procurement, value engineering, and an integrated manufacturing platform.
Looking ahead, Radico Khaitan has upgraded its Prestige & Above volume growth forecast to 30% for FY27 and remains confident in sustaining an EBITDA margin of around 20% for the full year. Effective November 3, 2026, Dilip Banthiya has joined the Board as Executive Director and CFO, and Saket Somani has been elevated to Deputy CFO.
Financially, Q2 FY27 saw total IMFL volumes grow by 7% year-on-year to over 10 million cases. The Prestige & Above category achieved its highest ever volume of 5.28 million cases, a 36% growth. Gross margin improved by 440 basis points year-on-year to 48.0%, driven by premiumization and price increases, despite a Rs. 27 crore impact from packaging material price volatility. EBITDA margin expanded by 462 basis points year-on-year to 20.4%. ROE and ROCE also improved.
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Radico Khaitan Limited filed this with the NSE as a statutory disclosure, categorised under other results related. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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