Radico Khaitan shares surge nearly 8%, hit record high after Q1 earnings

Shares of liquor maker Radico Khaitan rose as much as 7.67% to hit record high of ₹2,941.40 on the BSE a day after it reported June quarter earnings. On the National Stock Exchange, Radico Khaitan shares rose as much as 7.51% to hit a record high of ₹2,940.

Radico Khaitan on Thursday, July 31, reported a consolidated net profit of ₹131 crore in the first quarter of current financial year, marking an upside of 75% from ₹75 crore in the same period last year.

Its revenue from operations advanced 25% in April-June period to ₹5,314 crore from ₹4,266 crore in the year-ago period.

The Delhi-based company reported strong operational performance as its EBITDA also known as operating profit advanced 58% to ₹232 crore from ₹147 crore in the corresponding period last year.

Its operating profit margin improved by 90 basis points to 4.37% from 3.45%.

“Building on the strong momentum from the second half of last year, Radico Khaitan delivered a standout performance in Q1 FY2026. We continued to make significant progress on our premiumization journey, with our premium portfolio driving robust revenue growth. During Q1 FY2026, we recorded an impressive 37.5% IMFL volume growth, resulting in the highest ever quarterly volumes, Net Sales, and EBITDA. A stable raw material environment and a favourable product mix contributed to meaningful margin expansion. The Company remains focused on delivering sustainable, profitable, and volume-led growth in the medium term, supported by the strengthening of its core premium brands and the expanding distribution of its recent premium & luxury launches. This performance reaffirms our strategic direction and ability to create long-term value,” said Lalit Khaitan, Chairman & Managing Director, Radico Khaitan.

During the quarter, Total IMFL volume increased 37.5% whereas Prestige & Above category volume grew 40.8%. After 9 quarters of degrowth, Regular volumes had returned to sharp growth trajectory in Q3 FY25. The momentum continued in Q1 FY26. This was due to a lower base coupled with a normalization of state-specific industry issues to a large extent, Radico Khaitan said in an investor presentation.

Change in the route-to-market in Andhra Pradesh also contributed to the regular volume growth. Prestige & Above net revenue growth was 42.8% compared to Q1 FY2025. Non-IMFL revenue growth was 11.6%, the company added.

As of 11:42 am, Radico Khaitan shares traded 5.87% higher at ₹2,894, outperforming the NIFTY50 index which was down 0.5%.