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Radico Khaitan Q2 FY27 Net Profit Increases 66% YoY, Premium Segment Guidance Raised

Radico Khaitan reported a consolidated net profit of ₹232 crore for the July‑September quarter (Q2 FY27), a 66% rise from ₹140 crore in the same period last year. The liquor maker’s net profit for the half‑year (H1 FY27) increased 71% to ₹462 crore from ₹270 crore YoY, reflecting a stronger earnings performance. The company highlighted higher sales volumes and a focus on premiumisation as key drivers of the earnings growth.

Revenue from operations grew 10% year‑on‑year to ₹5,583 crore in the September quarter of FY27, up from ₹5,057 crore in the corresponding quarter of FY26. For the first half of FY27, total revenue from operations stood at ₹11,459 crore, a 10% increase over ₹10,374 crore in H1 FY26. The growth in revenue was supported by an expansion in the company’s product mix and a steady rise in sales across its portfolio.

Operating profit, or EBITDA, increased 50.6% to ₹357 crore in Q2 FY27, compared with ₹237 crore in the same quarter of the previous fiscal year. EBITDA margin expanded to 6.39% in the reporting quarter from 4.69% in Q2 FY26, indicating improved operating efficiency. The company cited its integrated manufacturing platform and sharper procurement strategies as key factors sustaining the margin growth.

For the half‑year (H1 FY27), Radico Khaitan’s net profit rose 71% to ₹462 crore from ₹270 crore YoY, while its revenue from operations increased 10% to ₹11,459 crore from ₹10,374 crore in H1 FY26. The company’s total Indian‑made foreign liquor (IMFL) volume increased 7.2% in Q2 to 10.02 million cases, underscoring a robust demand for its premium offerings. Net debt stood at ₹175.4 crore, a reduction of ₹68.7 crore compared with March 2026.

The company’s premiumisation strategy continues to shape the Indian spirits industry, with the Prestige & Above portfolio becoming the principal driver of growth. Radico Khaitan’s Managing Director Abhishek Khaitan announced that the firm is expanding its global footprint, becoming the first Indian spirits company present across four major UK airports and targeting 100 travel retail outlets in the coming years. The company also upgraded its premium segment volume growth guidance to 30% and reiterated an EBITDA margin guidance of around 20% for FY27.

Following the earnings announcement, Radico Khaitan shares traded at ₹4,266 apiece on the National Stock Exchange, rising 1.57%. The company’s market capitalisation was reported at ₹57,347.32 crore. Chairman and Managing Director Lalit Khaitan highlighted the company’s resilience amid global volatility, citing integrated manufacturing, sharper procurement and a richer product mix as levers to sustain EBITDA margin and support future growth.