Radico Khaitan Q1 profit jumps 76% to Rs 229.60 crore; revenue rises to Rs 5,867.69 crore
Author: Economic Times Markets·
Key Takeaways
- •Net profit rose 76% year on year to Rs 229.60 crore in the June quarter.
- •Operational revenue increased 13.22% to Rs 5,867.69 crore.
- •The company said the quarter set records for volume, top-line revenue and profitability.
- •Sales of the Prestige and Above brands grew 35.8% during the quarter.
- •The results reinforce the importance of premium brands in driving performance in the spirits sector.
Radico Khaitan Q1 profit jumps 76% to Rs 229.60 crore; revenue rises to Rs 5,867.69 crore
Radico Khaitan reported a 76% increase in net profit to Rs 229.60 crore for the June quarter, while operational revenue rose 13.22% to Rs 5,867.69 crore.
The company said the quarter marked a record for volume, top-line revenue and profitability. The performance was driven in part by a 35.8% increase in sales of its Prestige and Above brands.
For the spirits maker, the results point to the continued importance of premiumisation in the alcoholic beverages segment, where higher-value brands can have a disproportionate effect on both revenue and profitability. The quarterly update also gives investors and industry watchers a fresh read on demand trends in the premium end of the market as companies in the sector report their latest numbers.