Radico Khaitan Ltd (NSE:RADICO)

Q1 2027 Radico Khaitan Ltd Earnings Call Transcript

Jul 29, 2026 / 10:30 AM GMT

Release Date Price: ₹4373.8 (+1.96%)

Transcript

Key Points

Positve

Radico Khaitan Ltd (BOM:532497) reported its highest ever quarterly volume of 10 million cases, with revenue of Rs 1,684 crores and EBITDA of Rs 348 crores.
The company's premiumization strategy led to a 36% volume growth in its Prestige and Above (P&A) portfolio, significantly outperforming the industry.
Operating margins expanded due to a richer product mix, disciplined cost management, and operational excellence.
The vodka category in India is experiencing a multi-year structural growth phase, with Radico Khaitan Ltd (BOM:532497) leading the category with over 60% market share.
The company reduced its net debt by 138 crores since March 2026 and is on track to become net debt-free by Q2 FY27.

Negative

Regular volume degrowth was noted due to a higher base in Q1 FY26 and policy changes in Maharashtra and Karnataka.
The company faces challenges from geopolitical uncertainties and supply chain issues, which could impact future performance.
There is volatility in packing material prices, which has resulted in financial impacts.
The non-IMFL business generates lower margins compared to the IMFL business, with a margin of around 11.5%.
The company is cautious about potential competition and market changes due to the India-UK STA change, which could affect pricing and market dynamics.

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

RADC.NS - Radico Khaitan Ltd
Q1 2027 Radico Khaitan Ltd Earnings Call
Jul 29, 2026 / 10:30AM GMT

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Presentation
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Operator [1]
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Ladies and gentlemen, good day and welcome to the Radico Khaitan Limited Q1 FY27 earnings call.

(Operator Instructions)

Please note that this conference is being recorded. I now hand the conference over to Mr. Manoj Menon. Over to you, sir.

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Unidentified_2 [2]
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Hi, everyone. It's a wonderful, good evening to all of you. Today we have with us Mr. Abhishek Ketan, Managing Director, Mr. Dilip Bantia, Chief Financial Officer, Mr. Sanjeev Banga, President of International Business, and Mr. Sudhir Rupadhyay, Chief Sales Officer, all representing

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