Radico Khaitan Ltd
RADICOFast Moving Consumer Goods filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
31 transcript(s)/analyst meet(s) served; 9 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 31 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20200721 | 2020-06-30 | yes | |
| TRANSCRIPT | 20210607 | 2021-03-31 | yes | |
| TRANSCRIPT | 20211109 | 2021-09-30 | yes | |
| TRANSCRIPT | 20220211 | 2021-12-31 | yes | |
| COVER_LETTER | 20220531 | 2022-03-31 | no | |
| TRANSCRIPT | 20220606 | 2022-03-31 | yes | |
| COVER_LETTER | 20220812 | 2022-06-30 | no | |
| COVER_LETTER | 20220815 | 2022-06-30 | no | |
| TRANSCRIPT | 20220817 | 2022-06-30 | yes | |
| COVER_LETTER | 20221115 | 2022-09-30 | no | |
| TRANSCRIPT | 20221122 | 2022-09-30 | yes | |
| COVER_LETTER | 20230216 | 2022-12-31 | no | |
| TRANSCRIPT | 20230220 | 2022-12-31 | yes | |
| COVER_LETTER | 20230526 | 2023-03-31 | no | |
| TRANSCRIPT | 20230530 | 2023-03-31 | yes | |
| COVER_LETTER | 20230804 | 2023-06-30 | no | |
| TRANSCRIPT | 20230810 | 2023-06-30 | yes | |
| COVER_LETTER | 20231107 | 2023-09-30 | no | |
| TRANSCRIPT | 20231115 | 2023-09-30 | yes | |
| COVER_LETTER | 20240207 | 2023-12-31 | no | |
| TRANSCRIPT | 20240213 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240523 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240814 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241030 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250204 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250513 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250807 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251106 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260130 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260512 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260805 | 2026-06-30 | yes |
RADICO
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 4,481.30 |
| 52-week range | 2541.2 – 4732.9 |
| Return 1M | -3.21% |
| Return 3M | 17.01% |
| Return 1Y | 50.92% |
| Return 3Y | 286.87% |
| Return 5Y | 401.68% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 5,868.00 |
| Other income | 2.00 |
| Total income | 5,869.00 |
| Cost of materials consumed | 855.00 |
| Purchases of stock-in-trade | 16.00 |
| Changes in inventories | -13.00 |
| Employee benefit expense | 68.00 |
| Finance costs | 12.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.40 | -0.00 |
| institutions foreign | 0.18 | 0.01 |
| institutions domestic | 0.28 | 0.01 |
| mutual funds | 0.22 | 0.01 |
| public | 0.60 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| COVER_LETTER | 2023-12-31 | 9 |
| TRANSCRIPT | 2026-06-30 | 22 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,019.00 | 3,166.00 | 3,375.00 | 4,023.00 | 3,715.00 | 4,246.00 | 3,895.00 | 4,266.00 | 3,907.00 | 4,441.00 | 4,485.00 | 5,314.00 | 5,057.00 | 5,424.00 | 5,182.00 | 5,868.00 |
| Other income | 1.00 | 3.00 | 1.00 | 1.00 | 1.00 | 5.00 | 2.00 | 4.00 | 3.00 | 1.00 | 1.00 | 1.00 | 2.00 | 3.00 | 6.00 | 2.00 |
| Total income | 3,020.00 | 3,169.00 | 3,377.00 | 4,024.00 | 3,716.00 | 4,251.00 | 3,897.00 | 4,269.00 | 3,910.00 | 4,442.00 | 4,487.00 | 5,315.00 | 5,059.00 | 5,426.00 | 5,188.00 | 5,869.00 |
| Cost of materials consumed | 473.00 | 469.00 | 518.00 | 549.00 | 546.00 | 687.00 | 640.00 | 708.00 | 608.00 | 795.00 | 790.00 | 829.00 | 850.00 | 846.00 | 818.00 | 855.00 |
| Purchases of stock-in-trade | 1.00 | 3.00 | 4.00 | -1.00 | -1.00 | 1.00 | -1.00 | -0.00 | -0.00 | -0.00 | -1.00 | 1.00 | 1.00 | 3.00 | 1.00 | 16.00 |
| Changes in inventories | -28.00 | -7.00 | -27.00 | -10.00 | -28.00 | -13.00 | -2.00 | -44.00 | 22.00 | -57.00 | -52.00 | 28.00 | -9.00 | -21.00 | -38.00 | -13.00 |
| Employee benefit expense | 40.00 | 46.00 | 47.00 | 41.00 | 49.00 | 59.00 | 47.00 | 50.00 | 51.00 | 63.00 | 52.00 | 55.00 | 59.00 | 70.00 | 60.00 | 68.00 |
| Finance costs | 4.00 | 6.00 | 9.00 | 12.00 | 12.00 | 18.00 | 17.00 | 18.00 | 19.00 | 20.00 | 22.00 | 16.00 | 16.00 | 16.00 | 15.00 | 12.00 |
| Depreciation and amortisation | 17.00 | 17.00 | 20.00 | 24.00 | 26.00 | 32.00 | 32.00 | 33.00 | 36.00 | 36.00 | 36.00 | 36.00 | 37.00 | 37.00 | 42.00 | 41.00 |
| Other expenses | 2,443.00 | 2,559.00 | 2,755.00 | 3,324.00 | 3,029.00 | 3,369.00 | 3,088.00 | 3,402.00 | 3,063.00 | 3,457.00 | 3,518.00 | 4,168.00 | 3,919.00 | 4,260.00 | 4,056.00 | 4,593.00 |
| Total expenses | 2,950.00 | 3,092.00 | 3,325.00 | 3,940.00 | 3,632.00 | 4,153.00 | 3,820.00 | 4,168.00 | 3,798.00 | 4,312.00 | 4,365.00 | 5,134.00 | 4,873.00 | 5,210.00 | 4,955.00 | 5,572.00 |
| Profit before exceptional items and tax | 70.00 | 76.00 | 51.00 | 84.00 | 83.00 | 98.00 | 77.00 | 101.00 | 112.00 | 130.00 | 121.00 | 181.00 | 186.00 | 216.00 | 233.00 | 298.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -7.00 | 0.00 | -10.00 | 0.00 | 0.00 |
| Profit before tax | 70.00 | 76.00 | 51.00 | 84.00 | 83.00 | 98.00 | 77.00 | 101.00 | 112.00 | 130.00 | 121.00 | 174.00 | 186.00 | 207.00 | 233.00 | 298.00 |
| Current tax | 19.00 | 20.00 | 9.00 | 23.00 | 13.00 | 22.00 | 14.00 | 25.00 | 27.00 | 32.00 | 28.00 | 42.00 | 44.00 | 51.00 | 49.00 | 78.00 |
| Deferred tax | -1.00 | -0.00 | 5.00 | -2.00 | 8.00 | 2.00 | 5.00 | -0.00 | 2.00 | 2.00 | 3.00 | 2.00 | 4.00 | 1.00 | 9.00 | -3.00 |
| Tax expense | 18.00 | 19.00 | 14.00 | 21.00 | 21.00 | 24.00 | 20.00 | 25.00 | 30.00 | 34.00 | 31.00 | 44.00 | 47.00 | 52.00 | 58.00 | 75.00 |
| Profit for the period | 54.00 | 61.00 | 43.00 | 68.00 | 65.00 | 75.00 | 54.00 | 77.00 | 81.00 | 95.00 | 92.00 | 131.00 | 140.00 | 155.00 | 179.00 | 230.00 |
| Profit attributable to owners | 0.00 | — | 0.00 | — | 0.00 | — | — | — | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | — | 0.00 |
| Profit attributable to non-controlling interests | 0.00 | — | 0.00 | — | 0.00 | — | — | — | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | — | 0.00 |
| Other comprehensive income | -0.00 | -0.00 | -1.00 | -0.00 | -1.00 | -0.00 | 2.00 | -1.00 | -1.00 | -1.00 | -2.00 | -1.00 | -1.00 | -1.00 | 2.00 | -1.00 |
| Total comprehensive income | 54.00 | 61.00 | 42.00 | 68.00 | 64.00 | 75.00 | 56.00 | 77.00 | 80.00 | 95.00 | 90.00 | 129.00 | 138.00 | 154.00 | 182.00 | 229.00 |
| Earnings per share, basic | 4.08 | 4.58 | 3.19 | 5.11 | 4.85 | 5.62 | 4.03 | 5.79 | 6.03 | 7.14 | 6.88 | 9.75 | 10.43 | 11.57 | 13.41 | 17.15 |
| Earnings per share, diluted | 4.08 | 4.58 | 3.19 | 5.11 | 4.85 | 5.62 | 4.03 | 5.79 | 6.02 | 7.13 | 6.88 | 9.74 | 10.42 | 11.56 | 13.41 | 17.14 |
Annual results, as filed
| Line | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 9,418.00 | 10,367.00 | 12,471.00 | 12,744.00 | 15,484.00 | 17,099.00 | 20,976.00 |
| Other income | 9.00 | 20.00 | 7.00 | 9.00 | 9.00 | 5.00 | 12.00 |
| Total income | 9,427.00 | 10,387.00 | 12,478.00 | 12,753.00 | 15,493.00 | 17,103.00 | 20,988.00 |
| Cost of materials consumed | 1,271.00 | 1,239.00 | 1,579.00 | 1,918.00 | 2,421.00 | 2,907.00 | 3,343.00 |
| Purchases of stock-in-trade | 4.00 | 2.00 | 2.00 | 7.00 | -1.00 | -1.00 | 7.00 |
| Changes in inventories | -19.00 | -38.00 | -4.00 | -96.00 | -54.00 | -131.00 | -40.00 |
| Employee benefit expense | 186.00 | 176.00 | 141.00 | 169.00 | 196.00 | 217.00 | 244.00 |
| Finance costs | 32.00 | 22.00 | 13.00 | 22.00 | 59.00 | 74.00 | 64.00 |
| Depreciation and amortisation | 53.00 | 54.00 | 65.00 | 71.00 | 114.00 | 140.00 | 153.00 |
| Other expenses | 7,604.00 | 8,580.00 | 10,350.00 | 10,389.00 | 12,416.00 | 13,434.00 | 16,401.00 |
| Total expenses | 9,130.00 | 10,034.00 | 12,146.00 | 12,479.00 | 15,151.00 | 16,639.00 | 20,172.00 |
| Profit before exceptional items and tax | 297.00 | 353.00 | 332.00 | 275.00 | 342.00 | 465.00 | 816.00 |
| Exceptional items | -24.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -17.00 |
| Profit before tax | 273.00 | 353.00 | 332.00 | 275.00 | 342.00 | 465.00 | 800.00 |
| Current tax | 71.00 | 84.00 | 87.00 | 69.00 | 72.00 | 112.00 | 186.00 |
| Deferred tax | -26.00 | -2.00 | -3.00 | 1.00 | 14.00 | 8.00 | 15.00 |
| Tax expense | 45.00 | 83.00 | 83.00 | 70.00 | 86.00 | 119.00 | 201.00 |
| Profit for the period | 229.00 | 277.00 | 263.00 | 220.00 | 262.00 | 346.00 | 604.00 |
| Profit attributable to owners | 0.00 | — | 0.00 | 0.00 | — | — | — |
| Profit attributable to non-controlling interests | 0.00 | — | 0.00 | 0.00 | — | — | — |
| Other comprehensive income | -3.00 | -1.00 | 0.00 | -2.00 | 1.00 | -4.00 | -1.00 |
| Total comprehensive income | 226.00 | 276.00 | 264.00 | 218.00 | 263.00 | 342.00 | 603.00 |
| Earnings per share, basic | 34.32 | 41.50 | 19.70 | 16.48 | 19.61 | 25.84 | 45.16 |
| Earnings per share, diluted | 34.30 | 41.48 | 19.70 | 16.48 | 19.61 | 25.82 | 45.12 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 3,236.00 | 3,719.00 | 4,017.00 | 4,095.00 | 4,412.00 | 4,639.00 | 4,837.00 | 4,972.00 |
| Non-current assets | 1,437.00 | 1,838.00 | 1,967.00 | 2,016.00 | 2,054.00 | 2,114.00 | 2,209.00 | 2,378.00 |
| Current assets | 1,800.00 | 1,881.00 | 2,050.00 | 2,079.00 | 2,358.00 | 2,525.00 | 2,628.00 | 2,593.00 |
| Property, plant and equipment | 801.00 | 1,226.00 | 1,635.00 | 1,694.00 | 1,679.00 | 1,804.00 | 1,811.00 | 1,902.00 |
| Capital work-in-progress | 237.00 | 326.00 | 74.00 | 53.00 | 102.00 | 23.00 | 70.00 | 75.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other intangible assets | 8.00 | 8.00 | 7.00 | 7.00 | 8.00 | 7.00 | 6.00 | 8.00 |
| Inventories | 607.00 | 715.00 | 839.00 | 780.00 | 908.00 | 1,077.00 | 1,086.00 | 1,166.00 |
| Trade receivables | 793.00 | 824.00 | 989.00 | 978.00 | 1,162.00 | 1,182.00 | 1,290.00 | 1,190.00 |
| Cash and cash equivalents | 63.00 | 122.00 | 40.00 | 86.00 | 56.00 | 40.00 | 35.00 | 70.00 |
| Total equity and liabilities | 3,236.00 | 3,719.00 | 4,017.00 | 4,095.00 | 4,412.00 | 4,639.00 | 4,837.00 | 4,972.00 |
| Equity | 2,105.00 | 2,208.00 | 2,306.00 | 2,440.00 | 2,564.00 | 2,754.00 | 2,978.00 | 3,316.00 |
| Equity share capital | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 |
| Other equity | 2,078.00 | 2,181.00 | 2,279.00 | 2,413.00 | 2,537.00 | 2,727.00 | 2,951.00 | 3,289.00 |
| Total liabilities | 1,132.00 | 1,511.00 | 1,711.00 | 1,655.00 | 1,848.00 | 1,885.00 | 1,859.00 | 1,656.00 |
| Non-current liabilities | 184.00 | 422.00 | 497.00 | 443.00 | 376.00 | 341.00 | 271.00 | 306.00 |
| Current liabilities | 948.00 | 1,089.00 | 1,214.00 | 1,212.00 | 1,472.00 | 1,544.00 | 1,589.00 | 1,350.00 |
| Borrowings, non-current | 93.00 | 287.00 | 358.00 | 290.00 | 222.00 | 154.00 | 61.00 | 19.00 |
| Borrowings, current | 306.00 | 410.00 | 468.00 | 447.00 | 593.00 | 476.00 | 419.00 | 313.00 |
| Trade payables | 335.00 | 275.00 | 288.00 | 267.00 | 297.00 | 313.00 | 357.00 | 326.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 99.00 | 239.00 | -42.00 | 183.00 | 69.00 | 363.00 | 385.00 | 743.00 |
| Net cash from investing activities | -338.00 | -705.00 | -217.00 | -242.00 | -93.00 | -171.00 | -143.00 | -266.00 |
| Net cash from financing activities | 201.00 | 487.00 | 177.00 | 24.00 | -6.00 | -237.00 | -247.00 | -446.00 |
| Purchase of property, plant and equipment | 300.00 | 734.00 | 213.00 | 252.00 | 99.00 | 181.00 | 117.00 | 245.00 |
| Net increase in cash | -38.00 | 21.00 | -82.00 | -36.00 | -30.00 | -46.00 | -5.00 | 30.00 |
| con:CFO.BEFORE_TAX | 132.00 | 311.00 | -4.00 | 255.00 | 110.00 | 453.00 | 456.00 | 922.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 33.00 | 72.00 | 38.00 | 73.00 | 41.00 | 90.00 | 71.00 | 180.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | 29.00 | 1.00 | 13.00 | 6.00 | 7.00 | 3.00 | 6.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 235.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 39.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 40.27 | 40.27 | 40.26 | 40.26 | 40.26 | 40.26 | 40.24 | 40.24 | 40.23 | 40.22 | 0.40 | 0.40 | 0.40 | 0.40 |
| Domestic institutions | 23.52 | 23.77 | 23.93 | 23.99 | 24.71 | 24.48 | 24.71 | 25.56 | 26.78 | 25.97 | 0.25 | 0.24 | 0.27 | 0.28 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 19.63 | 0.20 | 0.19 | 0.21 | 0.22 |
| Insurance companies | 2.77 | 3.15 | 3.36 | 3.39 | 3.80 | 4.14 | 4.57 | 4.70 | 4.74 | 4.45 | 0.04 | 0.03 | 0.04 | 0.04 |
| Foreign institutions | 18.63 | 18.26 | 18.19 | 19.01 | 18.58 | 18.82 | 18.60 | 17.72 | 16.94 | 17.77 | 0.18 | 0.20 | 0.18 | 0.18 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 59.73 | 59.73 | 59.74 | 59.74 | 59.74 | 59.74 | 59.76 | 59.76 | 59.77 | 59.78 | 0.60 | 0.60 | 0.60 | 0.60 |
| Non-institutional | 17.58 | 17.71 | 17.62 | 16.74 | 16.45 | 16.44 | 16.45 | 16.48 | 16.04 | 16.04 | 0.16 | 0.16 | 0.15 | 0.14 |
| Shares outstanding | 133673765 | 133673765 | 133707603 | 133707603 | 133715325 | 133715325 | 133762906 | 133787734 | 133807500 | 133823667 | 133877546 | 133893489 | 133897933 | 133931350 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Radico NV Distilleries Maharashtra Limited | Joint Venture | Any other transaction | 517,819,000.00 | 4 |
| Dr. Lalit Khaitan | Promoter/Chairman and Managing Dir | Remuneration | 67,074,000.00 | 1 |
| Mr. Abhishek Khaitan | Promoter/Managing Director | Remuneration | 64,968,000.00 | 1 |
| The Rampur Distillery & Chemical Company Ltd. (Employees | Group Trust | Any other transaction | 41,337,000.00 | 1 |
| The Rampur Distillery & Chemical Company Ltd. (Employees | Group Trust | Any other transaction | 34,736,000.00 | 1 |
| Mr. Dilip Kumar Banthiya | Key Managerial Personnel | Remuneration | 16,602,000.00 | 1 |
| Mr. Krishan Pal Singh | Whole-time Director | Remuneration | 13,230,000.00 | 1 |
| Mr. Amar Singh | Whole-time Director | Remuneration | 7,989,000.00 | 1 |
| The Rampur Distillery & Chemical Company Ltd. (Employees | Group Trust | Any other transaction | 7,189,000.00 | 1 |
| Mr. Dinesh Kumar Gupta | Key Managerial Personnel | Remuneration | 4,079,000.00 | 1 |
| Sapphire Intrex Limited | Promoter Company | Any other transaction | 3,717,000.00 | 1 |
| Mr. Sharad Jaipuria | Independent Director | Any other transaction | 450,000.00 | 1 |
| Mr. Tushar Jain | Independent Director | Any other transaction | 450,000.00 | 1 |
| Mrs. Sushmita Singha | Independent Director | Any other transaction | 300,000.00 | 1 |
| Mr. Sarvesh Srivastava | Independent Director | Any other transaction | 275,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-05 | Q1FY27 | Read the call | |
| 2026-05-12 | Q4FY26 | Read the call | |
| 2026-01-30 | Q3FY26 | Read the call | |
| 2025-11-06 | Q2FY26 | Read the call | |
| 2025-08-07 | Q1FY26 | Read the call | |
| 2025-05-13 | Q4FY25 | Read the call | |
| 2025-02-04 | Q3FY25 | Read the call | |
| 2024-10-30 | Q2FY25 | Read the call | |
| 2024-08-14 | Q1FY25 | Read the call | |
| 2024-05-23 | Q4FY24 | Read the call | |
| 2024-02-13 | Q3FY24 | Read the call | |
| 2023-11-15 | Q2FY24 | Read the call | |
| 2023-08-10 | Q1FY24 | Read the call | |
| 2023-05-30 | Q4FY23 | Read the call | |
| 2023-02-20 | Q3FY23 | Read the call | |
| 2022-11-22 | Q2FY23 | Read the call | |
| 2022-08-17 | Q1FY23 | Read the call | |
| 2022-06-06 | Q4FY22 | Read the call | |
| 2022-02-11 | Q3FY22 | Read the call | |
| 2021-11-09 | Q2FY22 | Read the call | |
| 2021-06-07 | Q4FY21 | Read the call | |
| 2020-07-21 | Q1FY21 | Read the call |
Some earlier announcements under this heading are covering letters only — no transcript was attached.
What they said about it, quarter by quarter
| Topic | Q3FY25 | Q3FY26 | Q4FY21 | Q4FY22 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | Thereafter our CAPEX, we have not seen any decline or let's say, a reduction in debt. | — | To your second question regarding the capex so as we have been discussing that we have tripled our capacity on the malt side a few years back. | And my third question is on the capital expenditure. | And the new plant is starting in Rampur, a plant is starting in Sitapur -- will start shortly. | So, what is our capex plan for the next 3 to 4 year or we have enough capacity to take opportunity from this market increase 32 billion to 90 billion? | Largely, the way your volumes have been growing, you think that you would require to take another round of CAPEX for the further sort of increasing ca… | To support this 20% growth, you said your CAPEX is largely maintenance and optimization. |
| Capital allocation | — | So, I mean, acquisition of Scottish breweries, distilleries, all of that would be a part of this, right, because there are a lot of Scottish breweries… | The higher other income is on account of that we have a subsidiary Radico NV Distillery so we have had the good dividend payout from that in Q4 so Rs.… | — | — | — | — | That now that we will become debt free in FY27 and already you have announced that minimum 20% would be the dividend payout policy. |
| Costs | So, I think it all depends on the government policy, but if it continues, surely there will be easing of the raw material. | Second question pertains to like with respect to the raw material setting, first is around the scotch prices. | Raw material prices overall have been benign during FY2021. Towards the end of the year we saw some inflationary pressures on the dry goods such as pa… | As you are aware that the cost of key raw material remains at multiyear highs which has impacted our profit from operations. | So as far as the growth in export as well as in defense is concerned, the P&A category is growing in double digits in export and as well as in defense… | My first question is on the raw material scenario in FY25. So, you have highlighted that because good monsoons are expected, you would expect a gradua… | Any reduction in these duties will translate into meaningful cost saving for us. | So, all the raw material is under our control form supply chain point of view. |
| Debt and cash | With the kind of cash flow coming from internal accrual, we are very confident of achieving the debt-free kind of situation by '26, '27. | But I think the kind of cash flow the company is throwing, by next year, FY27, we will be debt-free. | Over the past few years, we have seen our business transformation where we have focused on strengthening our premium portfolio, driving value-led grow… | We have further tightened our working capital resulting in a continued strong cash flow generation. | So, we will have a peak debt of approximately INR 800 crores in Q2 of FY24. Thereafter, it will continue to decline by the free cash flow and by FY 20… | — | Looking ahead, we are poised for a strong double-digit growth in the Prestige & Above category, enhanced profitability and a persistent focus on cash … | The first step we have taken to have a minimum payout of 20%, and in due course of time, with the time passes, and the availability of cash generation… |
| Demand | So, my second and last question is on the demand side. | — | Most of the launches which are in pipeline as well as which has been done last three four years have been all in the Prestige and above category. | Number two, we have proven that even in the single malts, we have been able to create a brand where the demand is more than the supply. | Jaisalmer again we tripled our gin distillation capacity to cater to the increased demand both from international as well as domestic market. | And because of that there is a pipeline filling in certain states also which did not happen and in particular those state where the EDP of regular cat… | FY25 was truly a year of transformation for Radico Khaitan, fueled by our commitment to expanded backward integration, enhanced distribution capabilit… | So, that is another feature which is coming in the demand point of view and consumer preference point of view and we are promoting that also. |
| Guidance | And what can we expect in terms of volume growth in regular segment going ahead? | So, what kind of margins are we looking at and what kind of revenues can we expect in the coming quarters? | As a percentage of IMFL sales, A&SP expenses were 8.3% in Q4 of FY2021 and 7.3% for the full year of financial year FY2021. This is in line with our g… | We expect to maintain the volume expansion trajectory of 13% to 15% in FY23 with stronger Prestige & Above growth. | But given the price increases which we have received in certain states, as well as the international freight pricing coming down, we expect that the r… | If this grain prices as we see signs of some softening, we expect that margin on the non-IMFL also to stabilize at late single digits like 9%-10% will… | So, as the debt is coming down now, we expect to be almost debt-free by FY27. For FY26, it will come down by around 35% to 40% and after that, we will… | So, we are conservative on our guidance that some something goes on cost push side due the current global environment. |
| Margin | How much margin do you make from 90 ml pack to 750 ml pack? | But, in the past, if we see such good periods of gross margin expansion, have you seen some of the players become a bit more competitive, a bit more f… | We should look at gross margin on annualized basis. | We will have higher volume contribution from Rampur Indian Single Malt and Jaisalmer gin, which coupled with ongoing price increases, will help us get… | Sir, if I look at the gross margin, now you are almost at 15 quarter low. | So, first half could be a bit challenging just like in Q4 where around 150 bps compression has happened versus full year, there is 150 bps compression… | FY25 has been the best year in our history on all key-financial metrics, with highest ever turnover of INR 4,851 crores, EBITDA of INR 668 crores and … | And second, your 125 basis points EBITDA margin expansion is fairly robust given the commodity environment. |
| People | — | — | While we have reviewed and rationalized each cost line item, we have not reduced any headcount or cut down any salaries. | — | — | 400 to 415 crores and next year with all capacity utilization being utilized for full year, it will be Rs. | — | — |
| Pricing | So, you've seen on one side, you have the possibility of some increase likely in ethanol at some point in terms of government pricing. | But from a pricing perspective, is there a risk that in some markets, some players might become more aggressive? | Okay so do the 50% you are kind of protected from the price increases? | We have already received price increases in the states of Uttar Pradesh, Uttarakhand, Madhya Pradesh and Rajasthan and are also pursuing other states. | I just wanted to understand, how do you look at FY24 on this base, given that you're seeing the inflation in certain pockets cool off, you've got some… | One is the price hike that you've taken and second is the deliberate attempt to supply to drive better profitability. | Luxury spirits are a lifestyle category, and pricing plays a crucial role in shaping consumer aspirations. | We have got the price increases in some of the states which amount to be around 60 basis points. |
| Revenue growth | 9 | P a g e Q3 FY2025 Earnings Call Transcript Having said that, as far as the current growth rate in the regular segment that we have seen of 13.4% a… | — | In Q4 FY2021, we registered 8% growth in our IMFL volume led by Prestige & Above volume growth of 15%. | We have continued to outperform the industry for the sixth consecutive year with total volumes of 26.4 million cases in FY22 which is 18% y-o-y growth… | So as far as the FY24 volume is concerned, we are on our course, continue to deliver, P&A category growth of high teens between 15% to 18%. | So, in that context how confident are you in terms of current trajectory of 16% sales growth which is much lower than full year growth of 29% in FY24? | Given the strong growth of our whisky portfolio, including Sangam, Royal Ranthambore, After Dark and 8PM Premium Black whisky, we are among the larges… | Our top line has grown by 25% this year also. |