Q1 2026 Radico Khaitan Ltd Earnings Call Transcript
Key Points
- Radico Khaitan Ltd (BOM:532497) reported its highest ever quarterly volumes, net sales, and profitability in Q1 FY26.
- The company achieved a 37.5% growth in RSL volumes, driven by strong demand for its premium portfolio.
- The launch of Mo super premium whiskey and Spirit of Kashmir luxury vodka has been well-received, expanding the company's presence in high-margin categories.
- Radico Khaitan Ltd (BOM:532497) has seen a significant market share increase in Andhra Pradesh, from 10% to over 28%, the highest in the industry.
- The company is on track to achieve its guidance of INR500 crores revenue from luxury and semi-luxury brands in FY26, with a 50% year-on-year value growth in these segments.
- Marketing spend has increased, which is expected with the launch of premium brands, but it could impact short-term profitability.
- The Maharashtra market presents challenges due to recent duty changes, although the company expects minimal impact on profitability.
- There are ongoing state-specific industry-related issues affecting the regular category volumes.
- The company has INR90 crores in overdue payments from the Telangana government, although recent supplies are being paid on time.
- Despite strong performance, the company faces potential regulatory challenges in key markets like Maharashtra, which could affect future growth.
Ladies and gentlemen, good day and welcome to Radco Caan Limited Q1 and FY 26 earnings conference call hosted by Dam Capital Advisor Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing, then 0 on your touchstone phone.
Please note that this conference is being recorded.
I now hand the conference over to Mr. Sanjay Manyal from Dam Capital Advisor Limited.
Thank you and over to you, sir.
Thank you. Good afternoon, everyone. We would like to thank Rao Kean management team for providing damn capital the opportunity to host, Q1 FY 26 earnings call. We have with us, the senior leadership team, from Redo Kean, Mr. Bhek Kean, managing director, Mr. Amarsina, Chief Operating Officer, Mr. Dilipandia, CFO, and Mr. Sanjiv Banga, President, international business. I want to call to Mr. Bhe Kean for his
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