Radico Khaitan closes FY26 with ₹6,000 cr revenue; profit jumps 76% to ₹600 cr
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Radico Khaitan Limited, one of the country’s largest spirits makers, closed FY26 on a strong note, supported by sustained premiumisation and robust demand across segments. Following the earnings announcement, Radico Khaitan shares ended marginally higher by 0.57% at ₹3,358.45 on the BSE, taking its market capitalisation to ₹44,967 crore.
The Delhi-based company, which owns brands such as Rampur Indian Single Malt Whisky, Sangam World Malt Whisky, Magic Moments Vodka, and 8PM Whisky, reported a landmark financial performance for FY26, crossing key milestones of ₹6,000 crore in revenue and ₹1,000 crore in EBITDA.
“FY2026 marks a clear inflection point for Radico Khaitan, with our premiumisation strategy and disciplined execution translating into stronger margins, improved return ratios, and enhanced earnings quality. The Prestige & Above segment once again led our growth, reinforcing our focus on driving value over volume and strengthening our competitive positioning,” said Abhishek Khaitan, Managing Director, Radico Khaitan.
Strong Q4 boosts earnings
For the fourth quarter ended March 31, 2026, the liquor company posted a 99.6% growth in its consolidated net profit to ₹176.50 crore, compared with ₹88.40 crore in the same quarter last year.
Revenue from operations rose 15.3% year-on-year (YoY) to ₹1,503.7 crore, from ₹1,304.08 crore in the corresponding period of the previous fiscal.
On the operating front, EBITDA surged 64% YoY to ₹286.3 crore, with margins expanding to a record 19% from 13.4% a year ago.
According to the company, the growth was supported by strong performance in the premium segment. Prestige and above brands recorded a 27.9% increase in volumes to 4.35 million cases, contributing 47.8% to total IMFL volumes, compared with 39.1% in the year-ago period. In value terms, this segment accounted for 72.2% of IMFL sales, with net sales rising 29.1% to ₹793.7 crore.
Premiumisation drives full-year growth
For the full year FY26, Radico Khaitan reported revenue of ₹6,050.4 crore, up 24.7% YoY, while net profit surged 75.9% to ₹600.3 crore. EBITDA rose 52.4% to ₹1,018.5 crore, with margins improving to 16.8% from 13.8% in FY25.
The release noted that annual IMFL volumes grew 22.2% to 38.33 million cases, while Prestige and above brands volumes rose 28.5% to 16.7 million cases, reflecting the company’s continued shift towards higher-value offerings.
Chairman and Managing Director Lalit Khaitan said the company closed the year on a strong note, supported by a favourable industry environment and sustained premiumisation. “The Indian IMFL industry remains structurally robust, driven by rising affluence, evolving consumer preferences, and growing acceptance of premium and luxury offerings.”
He added that the company’s focus on premiumisation has improved margins and strengthened business resilience. “Our Prestige & Above portfolio delivered over 28% growth during the year, supported by a strong brand architecture, innovation-led launches, and deeper consumer engagement.”
Abhishek Khaitan said the luxury portfolio delivered sales value of ₹475 crore, supported by strong consumer traction across Rampur Indian Single Malt, Jaisalmer Indian Craft Gin, and Royal Ranthambore Whisky. Magic Moments neared ₹1,500 crore in sales value and reached 8.6 million cases, further strengthening its leadership in vodka. During the year, After Dark grew over 60% and crossed the 3.1 million case mark, while Royal Ranthambore continued its robust trajectory of over 50% growth, reflecting strong momentum across key brands.
The company has announced a minimum 20% dividend payout policy, reflecting confidence in its long-term growth outlook while retaining flexibility to invest in premiumisation and innovation. “In line with this performance and our confidence in the long-term outlook, the Board has adopted a minimum 20% dividend payout policy, while retaining flexibility to invest behind premiumisation, innovation, and future growth,” he added.