Radico Khaitan reported a robust performance for the first quarter of FY27, with highest ever quarterly volume of 10 million cases. Revenue reached ₹1,684 crore, and EBITDA stood at ₹348 crore. The company’s success was driven by its premiumization strategy and strong growth in its P&A portfolio, which saw a 36% volume increase. The company is confident in sustaining margins and achieving profitable growth.
Radico Khaitan Reports Strong Q1 FY27 Performance Driven by Premiumization
Radico Khaitan Limited announced its financial results for the first quarter of FY27, showcasing significant growth and operational excellence. The company achieved its highest ever quarterly volume of 10 million cases, alongside a revenue of ₹1,684 crore and an EBITDA of ₹348 crore. This performance marks a continuation of the momentum from FY26.
Key Growth Drivers: Premiumization and Brand Strength
The company’s performance was primarily fueled by the sustained success of its premiumization strategy. The Prestige & Above (P&A) portfolio delivered an impressive 36% volume growth during the quarter, significantly outpacing industry growth. This strategic focus, coupled with a richer product mix and disciplined cost management, led to an expansion of operating margins despite a dynamic global environment marked by geopolitical uncertainties and supply chain challenges.
Vodka Category Poised for Growth
Radico Khaitan highlighted that India’s vodka category is entering a multiyear structural growth phase, driven by evolving consumer preferences, favorable demographics, and premiumization trends. The category has grown at over 20% CAGR between FY22 and FY26. Magic Moments, a key brand in Radico’s portfolio, continues to lead the vodka category with over 60% market share, achieving a landmark 43% year-on-year volume growth in Q1 FY27.
Expanding Premium Portfolio
Beyond vodka, the company’s premium portfolio, including brands like Royal Ranthambore, 8PM Premium Black, and After Dark Blue, continues to build strong consumer traction. The limited edition Royal Ranthambore Pack and enhanced visibility for 8PM Premium Black through IPL partnerships have been instrumental. The recent introduction of contemporary packaging for After Dark whiskey is also expected to boost its premium appeal.
Financial Highlights and Outlook
Dilip Banthiya, CFO, detailed the financial performance, noting a 3% year-on-year growth in total IMFL volume to 10 million cases. The Prestige & Above category saw a 36% volume growth. Gross margin expanded by 610 basis points year-on-year to 49.1%, and EBITDA margin reached an all-time high of 20.7%, up 536 basis points. The company has reduced its net debt by ₹138 crore and is on track to become net debt-free by Q2 FY27. Radico Khaitan expects its P&A portfolio to deliver over 25% volume growth in FY27 and is confident in sustaining an EBITDA margin of around 20%.
Source: BSE
