Radico Khaitan sells 63 lakh cases of Magic Moments vodka worth ₹1,000 crore in FY24

“This marks a remarkable growth for Magic Moments Vodka compared to the previous fiscal year's sales of 5.2 million cases,” the firm said in a release. Shares of the company were trading over 1% lower on Tuesday.

The company said that Magic Moments has a 60% market share in the country and has experienced a 21% volume growth compared to the previous financial year.

Radico Khaitan reported that higher sales in the financial year could be credited to the newer introductions in their spirit lineup. Newcomers to the company’s portfolio such as Pink Vodka and Holi Hai Edition added to the company’s sales despite being launched towards the end of the financial year.

Apart from Magic Moments, the company’s portfolio also consists of other products like Rampur Indian Single Malt Whiskies, Sangam World Malt Whisky, and Jaisalmer Indian Craft Gin among others. Radico Khaitan has distilleries in Rampur, Sitapur, and Aurangabad in Maharashtra. The company operates 41 bottling units and has an owned capacity of 32 crore litres.

During the fourth quarter of fiscal year 2024, Radico Khaitan announced a 52.4% year-on-year growth in its net profit at ₹56.8 crore. The company’s net profit margins expanded to 5.3% in Q4 compared to 4.5% last year. Its net revenue from operations during the quarter saw an uptick of 29.7% YoY to ₹1,078.7 crore. The net profit for the fiscal year 2024 rose 25.1% at ₹255.8 crore while the company’s net revenue from operations grew 31% YoY to ₹4,118 crore during the year.

Shares of the company have risen by nearly 1% since the beginning of the year. The stock has gained over 45% in the last one year.