Radico Khaitan Limited Earnings Summary — Q1 FY2027
Radico Khaitan Reports Strong Profit Expansion in Q1 FY2027 with Net Profit Surging 69% YoY
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue grew 12.0% sequentially in Q1 FY2027.
- Revenue of ₹1,684 Cr is 11.8% higher year-on-year.
- Revenue has compounded at 21.9% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹230 Cr is 75.9% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 90.4% annualised across the period.
- Operating margin stands at 20.7% in Q1 FY2027.
- Operating margin expanded by 530 bps year-on-year.
- Over the last two years operating margin has expanded by 779 bps.
- PBT margin is 18.1%.
- Expense growth of 4.8% remained below revenue growth of 11.8%.
- Operating profit of ₹349 Cr is 50.3% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 87/100 (Excellent) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 1,684 | 1,504 | 1,547 | 1,494 | 1,506 | 1,304 | 1,294 | 1,116 | 1,137 | 1,079 |
| Expenses | Improving | 1,335 | 1,219 | 1,280 | 1,256 | 1,274 | 1,127 | 1,111 | 955 | 990 | 959 |
| Operating Profit | Strong Uptrend | 349 | 285 | 267 | 238 | 232 | 178 | 183 | 162 | 147 | 120 |
| Operating Margin | Improving | 20.7% | 18.9% | 17.3% | 15.9% | 15.4% | 13.6% | 14.2% | 14.5% | 12.9% | 11.1% |
| Other Income | Volatile | 9 | 10 | -7 | 3 | -5 | 3 | 1 | 1 | 2 | 2 |
| Interest | Stable | 12 | 15 | 16 | 16 | 16 | 22 | 20 | 17 | 16 | 17 |
| Depreciation | Improving | 41 | 42 | 37 | 37 | 36 | 36 | 36 | 36 | 33 | 32 |
| Profit Before Tax | Strong Uptrend | 305 | 237 | 206 | 187 | 175 | 123 | 129 | 110 | 100 | 74 |
| Tax | Strong Uptrend | 75 | 58 | 52 | 47 | 44 | 31 | 34 | 30 | 25 | 20 |
| Net Profit | Strong Uptrend | 230 | 179 | 155 | 140 | 131 | 92 | 95 | 81 | 75 | 54 |
| Net Margin | Strong Uptrend | 13.6% | 11.9% | 10.0% | 9.3% | 8.7% | 7.1% | 7.4% | 7.2% | 6.6% | 5.0% |
Key Takeaways
- Standalone Net Profit for Q1 FY2027 grew significantly by 69.5% year-on-year to ₹226 Crore, driven by premiumization and improved operating efficiency.
- The Prestige & Above (P&A) segment remains the primary growth engine, with management targeting 20% volume growth in this category for FY2027.
- Revenue from operations increased 10.4% YoY to ₹5,867.7 Crore, supported by a richer portfolio mix and steady demand in luxury segments.
- Financial health improved with net debt reduction in the prior year; the company aims to become net debt-free during H1 FY2027.
- Gross margins benefited from softer raw material prices and the rollout of higher-margin luxury brands like Rampur Virasat and Spirit of Kashmyr.
- The company continues to aggressively expand its on-trade channel presence and airport distribution to drive brand advocacy for luxury products.
Management Guidance
Management expects EBITDA margins to expand by 125 basis points for the full year FY2027. They target 20% volume growth in the Prestige & Above portfolio and 25% value growth for the Luxury portfolio. The company anticipates being net debt-free in the first half of FY2027.
Sentiment Shift
Improving
Strong bottom-line growth and margin expansion exceed previous trajectories, supported by successful premium brand scaling and reduced finance costs.
Outlook
The outlook remains robust as Radico shifts focus toward white spirits (Vodka) and luxury single malts, benefiting from a low base in white spirit market share in India compared to global trends.
From the Annual Report (Key Quotes)
“FY2026 has been an important year for Radico Khaitan and in many ways an inflection point in our journey.”
“We are on track to become debt-free in H1 FY27.”
“Our focus will remain on building our premium and luxury portfolio investing behind the innovation and brand equity.”
Official Quarterly Documents
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This summary is AI-generated from Radico Khaitan Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.