Radico Khaitan share price jumps over 8% as its premium whiskey enter CSD network

“This is expected to drive strong trials and cultivate brand loyalists among a wider consumer base. With a robust distribution strategy, a proven track record of success, and an unwavering commitment to quality, Radico Khaitan continues to consolidate its leadership in India’s luxury spirits’ market,” the company said in an exchange filing.

Shares of the company settled 8.65% higher at ₹2,193.00 apiece on BSE. During the intraday trade, it was trading at 7.6% higher to ₹2,171.9 apiece.

The move comes at a time when Royal Ranthambore has witnessed an exceptional growth since its launch in 2021. The brand has rapidly gained acceptance, driven by a growing consumer preference for premium Indian spirits,” the company said in an exchange filing.

"Royal Ranthambore has recorded a strong growth over the last two years, and its entry into CSD will further accelerate this momentum in the future," said Abhishek Khaitan, Managing Director, Radico Khaitan. "This expansion aligns with our vision to strengthen our luxury & semi-luxury brand portfolio and cater to evolving consumer preferences,” he added.

Radico Khaitan’s luxury portfolio in CSD has already demonstrated strong performance, with Rampur Indian Single Malt Whisky and Jaisalmer Indian Craft Gin gaining traction. With the blended Scotch whisky category in CSD exceeding 10 lakh cases annually, Radico Khaitan aims to secure approx. 10% market share in this segment over the next year.

The company reported an increase of 27.05% in its consolidated net profit to ₹95.48 crore in the third quarter ended December 2024. It had posted a consolidated net profit of ₹75.15 crore in the October-December quarter a year ago.

Radico’s revenue from operations went up 8% to ₹4,440.90 crore during the quarter under review. The figure was ₹4,111.23 crore in the corresponding quarter of the previous fiscal.

In the December quarter, Radico Khaitan's total IMFL volume was at 8.36 million cases, up 15.3% year-on-year. Its total expenses increased 7.32% to ₹4,312.09 crore in the December quarter.