Radico Khaitan Q1 profit jumps 76% as premium liquor portfolio accelerates
Radico Khaitan reported Q1 FY27 consolidated net profit of Rs 229.6 crore, up 76% year on year, on revenue of Rs 5,867.7 crore. Prestige & Above volumes rose 35.8%, while gross margin expanded 610 basis points to 49.1%.
What happened
Radico Khaitan reported record Q1 FY27 profit, revenue and volumes, driven by premiumisation. Prestige & Above sales rose 36% and volumes 35.8%, while gross
Key facts
- Q1 FY27 consolidated net profit: Rs 229.60 crore, up 76% YoY
- Revenue from operations: Rs 5,867.69 crore, up 13.22% YoY
- Total IMFL volume: 10 million cases, up 2.8%
- Prestige & Above volume: 5.22 million cases, up 35.8%
- Prestige & Above net sales: Rs 970 crore, up 36%
- Gross margin: 49.1%, up 610 bps YoY
- FY27 Prestige & Above volume-growth guidance: over 25%
- FY27 EBITDA-margin target: around 20%
Why this matters
Radico Khaitan’s accelerating premium portfolio and widened margins make it a stronger strategic partner or acquisition benchmark for companies seeking scale in India’s higher-value alcobev market.
What to watch
- Whether Prestige & Above volume growth remains above 25% over the next two quarters.
- Gross-margin retention versus the Q1 level of 49.1% and changes in ENA, glass, packaging and freight costs.
- State excise-policy, listing, pricing and distribution changes in key markets.
- Advertising-and-promotion spending growth relative to premium-volume gains.
- Management guidance on premium mix, capacity, debt/cash deployment and FY27 margin outlook.
- Increase marketing, route-to-market coverage and capacity behind high-growth Prestige & Above labels.
- Use stronger cash generation to expand premium brand launches, selective acquisitions or brownfield capacity additions.
- Seek further price/mix gains in state markets while protecting mass-segment volumes.
- Competitors are likely to step up premium-brand promotions and innovation, raising advertising and trade-spend intensity across alcobev.