Radico Khaitan Ltd (NSE:RADICO)

Q2 2026 Radico Khaitan Ltd Earnings Call Transcript

Oct 30, 2025 / 10:30 AM GMT

Release Date Price: ₹3144.7 (-0.61%)

Transcript

Key Points

Positve

Radico Khaitan Ltd (BOM:532497) reported a strong 37.8% volume growth in Q2 FY26, with the prestige and above segment growing by 21.7%.
Magic Moments Vodka achieved nearly 20% volume growth, selling around 2 million cases during the quarter.
After Dark whiskey recorded a remarkable 115% growth year-on-year in the first half, expanding its footprint to 18 states.
Royal Ranthambore whisky delivered a 67% growth in Q2, achieving a 10% market share in the CSD segment.
The company reduced net debt by 146 crore since March 2025, driven by improved profitability and tighter working capital management.

Negative

The global trade environment presented short-term challenges for exports, impacting Radico Khaitan Ltd (BOM:532497)'s international business.
The spirits industry in Maharashtra has declined by 25%, affecting overall market conditions.
Glass bottling expenses have increased significantly in 2025, impacting cost structures.
The regular category's growth may normalize in FY27 after benefiting from a change in the route to market strategy in Andhra Pradesh.
The ready-to-drink segment showed limited traction, leading to a strategic decision to taper off its focus.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RADC.NS - Radico Khaitan Ltd
Q2 2026 Radico Khaitan Ltd Earnings Call
Oct 30, 2025 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Radical Cat Unlimited Q2 SI 26 earnings conference call hosted by Dam Capital Advisors.

As a reminder, all participants will be in the less only mode, and there will be an opportunity for you to.

Ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing 10 on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Sanjay Mana.

Thank you and over to you, sir.

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Unidentified_2 [2]
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