Radico Khaitan net profit jumps 70% in June quarter, margins expand
Standalone net profit rises to ₹226 crore, revenue at ₹5,868 crore; EBITDA margin widens to ~21% from FY26's 16.8%.
— 3 earlier stories on Radico Khaitan Ltd. →What's new
- Net profit at ₹226 crore for June quarter, a 70% jump from ₹133 crore a year ago.
- Revenue from operations at ₹5,868 crore, with net revenue ex-excise at ₹1,684 crore.
- EBITDA margin on net revenue hit ~21%, ahead of the 16.8% recorded for full FY26.
Why this matters
The margin improvement confirms that the premiumisation push is sticking. At 21%, EBITDA margin is outpacing the FY26 full-year level, and management's target of a debt-free balance sheet in H1 FY27 is now within reach (net debt at ₹410 crore as of March).
What we're watching
- Whether the over-20% premium-and-above volume growth guidance for FY27 materialises.
- The trajectory of net debt reduction in the coming quarters.
- Any update on Magic Moments volumes, which grew 43% in Q1 FY27.
The full read
Radico Khaitan's June quarter was a clean beat. Net profit surged 70% to ₹226 crore, with revenue climbing to ₹5,868 crore. The real story is the margin: EBITDA margin on net revenue hit about 21%, a sharp leap from the 16.8% logged for the full prior year and extending the premiumisation-led improvement seen in the March quarter. Premium-and-above volumes, which grew 28.5% in FY26, are expected to expand over 20% this year. Management is also targeting a debt-free balance sheet in H1 FY27, with net debt at ₹410 crore as of March. The auditor had no qualifications. The only missing piece: the market had already priced in some of this strength. The stock trades at 85x trailing earnings, so the next test is whether the volume growth and margin can sustain at these levels.
Questions answered
- What drove the 70% profit growth in the June quarter?
- The profit growth was driven by revenue rising to ₹5,868 crore and a sharp improvement in EBITDA margin to ~21% from 16.8% in FY26, reflecting the shift towards premium products.
- How does the current EBITDA margin compare with the past?
- The 21% margin in Q1 FY27 is well above the 16.8% reported for full FY26 and extends the improvement seen in the March 2026 quarter.
- What is Radico Khaitan's debt position and target?
- Net debt was ₹410 crore at FY26 close. Management aims to achieve a debt-free balance sheet in the first half of FY27.
- What is the growth outlook for premium products?
- Premium and above volumes grew 28.5% in FY26, and the company has guided for over 20% growth in FY27.
- Were the results audited without issue?
- Yes, the statutory auditor Walker Chandiok & Co LLP reviewed the unaudited results and issued no qualification.
Radico Khaitan Ltd.
Latest quarter · Mar 2026
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Story so far
All notes on RADICO →- 28 Jul 2026 · 2:16 PM IST Radico Khaitan net profit jumps 70% in June quarter, margins expand
- today Radico Khaitan lifts premium growth guidance to >25%, targets 20% margin
- 18d ago CARE lifts Radico Khaitan outlook to Positive
- 23d ago Radico Khaitan's Magic Moments vodka sales jump 43% to 3.25M cases