Radico Khaitan shares jump 6% after liquor major posts best-ever Q3 performance
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Shares of Radico Khaitan surged nearly 6% on Tuesday after the liquor major reported its "best-ever quarterly performance across key metrics" for the December quarter, driven by strong volume growth, premiumisation and margin expansion.
The stock rallied as much as 5.8% to an intraday high of ₹3,000 on the BSE before ending 5.7% higher at ₹2,996, valuing the company at ₹40,114 crore. Trading volumes were robust, with around 1 lakh shares changing hands, compared with a two-week average of about 44,000 shares.
Radico Khaitan has hit a 52-week high of ₹3,695 on November 20, 2025, and a 52-week low of ₹1,846.10 on February 19, 2025. The stock has gained 35% over the past year and 8% in six months, though it is down nearly 9% over the past month.
In an exchange filing, the company said net profit jumped 62% year-on-year to ₹154.9 crore in the third quarter ended December 31, 2025, from ₹95.48 crore a year earlier. Revenue rose 19.5% to ₹1,546 crore, compared with ₹1,294 crore in the year-ago period.
Operating performance strengthened sharply, with EBITDA rising 44.9% to ₹265.4 crore, aided by premium-led growth, operating leverage and a benign raw material environment. EBITDA margin expanded to 17.2%, from 14.2% a year ago. Total comprehensive income increased 61.6% to ₹153.7 crore.
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Total IMFL volumes grew 16.7% year-on-year to 9.75 million cases, led by strong momentum in the Prestige & Above portfolio. Volumes in this segment rose 25.9% to 4.62 million cases, while net sales increased 29.4% to ₹838.3 crore. Prestige & Above brands accounted for 73.6% of total IMFL sales value, highlighting the company’s continued premiumisation push.
For the nine months ended December 31, 2025, Radico Khaitan reported broad-based growth. IMFL volumes increased 29.8% to 28.82 million cases, while revenue from operations rose 28.2% to ₹4,546.7 crore. EBITDA climbed 48.3% to ₹732.2 crore, with margins expanding to 16.1% from 13.9% a year earlier. Total comprehensive income surged 67.6% to ₹423.8 crore.
Commenting on the performance, Lalit Khaitan, Chairman and Managing Director, said the December quarter marked a step-change in earnings quality. “The Indian spirits sector continues to show strong momentum, supported by steady demand and an accelerating shift towards premiumisation. Q3 FY26 translated these trends into our best-ever quarterly results across all key parameters,” he said.
Abhishek Khaitan, Managing Director, said the company’s recent premium and luxury launches are gaining traction. “Our premium and luxury offerings, including Rampur 1943 Virasat Indian Single Malt, are seeing early momentum, reaffirming our ability to build differentiated, aspirational brands,” he said, adding that increased focus on the on-trade channel is strengthening consumer engagement and long-term brand equity.
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