Radico Khaitan reported strong earnings in Q1FY24

In the June quarter, the company's net profit increased 10.2% YoY to Rs 68.3 crore. On August 3, the company reported a 26.4% growth in revenue from operations to Rs 953.9 crore

However, volume sales of its "regular and others" sector fell 7.2% YoY to 4.15 million cases. This segment's quarterly revenues fell 5.5% YoY to Rs 278.3 crore.

Profitability indicator EBITDA margin increased by 30 bps to 12.5%.

Radico Khaitan is in the business of producing and distributing alcoholic drinks. Its operations include a varied range of spirits such as whiskey, rum, brandy, and vodka.

With a manufacturing capacity of 165 million liters per year, the company is the largest manufacturer of Indian Made Foreign Liquor (IMFL).

Source: Media Reports

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