Radico Khaitan Q2 FY27 result: Net profit grows 66% YoY; firm upgrades premium segment volume growth guidance

The firm’s revenue from operations increased 10% year-on-year (YoY) to ₹5,583 crore in the September quarter of FY27, as against ₹5,057 crore registered in the year-ago period.

The operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), jumped 50.6% to ₹357 crore as compared to ₹237 crore in the corresponding quarter of the previous fiscal year.

Its EBITDA margin expanded to 6.39% in the reporting quarter from 4.69% in Q2 FY26.

For half a year (H1 FY27), the liquor maker’s net profit jumped 71% to ₹462 crore as compared to ₹270 crore on a YoY basis. Its revenue from operations for H1 FY27 stood at ₹11,459 crore as against ₹10,374 crore in H1 FY26, marking an increase of 10%.

Radico Khaitan’s total Indian-made foreign liquor (IMFL) volume increased 7.2% in Q2 to 10.02 million cases. The company said its net debt stood at ₹175.4 crore, a reduction of ₹68.7 crore compared with March 2026.

What management said

“Building on the milestone FY26 and an encouraging start to the year, Radico Khaitan has delivered another robust performance, taking H1 FY27 to record volume, revenue and profitability. This reflects years of patient investment in quality, organic brand building and an unwavering focus on premiumisation. As we scale, we are also strengthening our leadership team to support the next phase of growth with deeper capability and continuity,” said Lalit Khaitan, Chairman and Managing Director, Radico Khaitan.

He further added that premiumisation continues to shape the Indian spirits industry and added that the Prestige & Above portfolio has become the principal driver of the company’s growth, representing a multi-year opportunity.

Khaitan said the IMFL industry continues to benefit from strengthening structural tailwinds. He noted that the global environment has become increasingly volatile, with heightened uncertainty around input costs and supply chains.

“We are navigating this with agility, drawing on our integrated manufacturing platform, sharper procurement and a richer product mix. These levers give us the resilience to stay the course, and we remain confident of sustaining our EBITDA margin,” said Khaitan.

Expansion plans and guidance

Radico Khaitan Managing Director Abhishek Khaitan said that the liquor firm is expanding its global footprint and is now the first Indian spirits company to be present across four major UK airports. “Building on around 70 travel retail outlets currently, we are steadily progressing towards our target of 100 in the coming years,” he added.

The company has also upgraded premium segment Prestige & Above volume growth guidance to 30% and reiterated EBITDA margin guidance of around 20% for FY27.

Following the earnings, Radico Khaitan shares were trading at ₹4,266 apiece on the National Stock Exchange, rising 1.57%. The company has a total market capitalisation of ₹57,347.32 crore.