The biggest Indian alcoholic beverage company, Radico Khaitan Ltd., posted a 76% year-on-year jump in consolidated net profit in the first quarter of FY27, thanks to healthy revenue growth, profit improvement in operating margins, and ongoing sales growth for its premium liquor division.
The company also said that it was confident in its business outlook and that volume growth guidance was raised to over 25% from the current level in the company as demand for key product categories and a better consumption environment are expected to drive it.
Net Profit Surges 76%
On the same line of business, Radico Khaitan reported a consolidated net profit of ₹230 crore (a year ago this quarter was a profit of ₹131 crore) in the quarter ending June 30, 2026. The large rise in profit is indicative of better operational efficiency and a higher contribution from premium brands.
Revenue Registers Double-Digit Growth
Revenue from operations excluding excise duty increased 11.7% year-on-year to ₹1,684 crore, up from ₹1,507 crore in the same quarter last year.
Revenue growth was still in low double digits, but the company achieved much higher profitability thanks to product mix and pricing, cost management, and better product mix.
EBITDA Jumps More Than 50%
Radico Khaitan's performance improved a lot in the quarter.
The company’s EBITDA (earnings before interest, tax, depreciation, and amortisation) rose 50.3% to ₹349 crore, from the year before at ₹232.2 crore.
The sharp increase in EBITDA is a reflection of improved operating leverage, premiumisation, and cost control.
Margins Improve Significantly
The operating profitability of the quarter was one of the best highlights.
The company's EBITDA margin improved to 20.7% from 15.4% in the same quarter last year.
The margin expansion shows that Radico Khaitan is delivering on efficiency improvements with higher sales of premium products, which generally get better margins than mass-market offerings.
Key Financial Highlights (Q1 FY27): Net profit of ₹230 crore (up 76% YoY), Revenue (Excluding Excise): ₹1,684 crore (up 11.7% YoY), EBITDA: ₹349 crore (up 50.3% YoY), EBITDA Margin: 20.7% (up from 15.4% last year), Volume Growth Outlook: More than 25%. The shares rose after the results were achieved.
Investors reacted positively to the earnings announcement
Shares of Radico Khaitan Ltd. rose more than 3% on Tuesday after the company reported its quarterly results.
The stock recovered from a low of ₹4,080.10 to jump as much as 7.24% to ₹4,283.90 and finally settled at ₹4,253.50. The gain occurred despite the Nifty 50 Index being slightly lower.
Strong Long-Term Stock Performance
Radico Khaitan has been among the top-performing liquor stocks in India over the past year.
59.48% gain over the last 12 months. 29.43% rise since the beginning of 2026.
The company’s continued premiumisation and expansion of distribution, combined with a broad consumer base and brand portfolio of products, is what has helped it to succeed in the alcoholic beverage industry.
Analysts Remain Bullish
The sentiment among analysts is largely favorable, according to Bloomberg data.
Out of 25 analysts who are covering the stock:
21 analysts recommend 'Buy'
3 analysts recommend 'Hold'
1 analyst recommends 'Sell'
Despite the strong rally in the share price, the average 12-month consensus target price is ₹3,972.38, which suggests that this is above the analyst target.
Outlook
Radico Khaitan’s Q1 FY27 results also reveal the company’s strong execution strategy and growing strength in India’s premium spirits market. With solid earnings growth, rising operating margins, and an increase in volume growth outlook of more than 25%, the company is well positioned to sustain its growth momentum in the second half of the year.
As demand for premium alcoholic beverages continues to increase and operational efficiencies improve, investors will closely watch whether Radico Khaitan can maintain its impressive earnings trajectory throughout FY27.
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