New Delhi, January 29, 2025—Radico Khaitan Limited (NSE: RADICO, BSE: 532497) has announced robust financial results for the third quarter and nine months ended December 31, 2024. These results showcase strong revenue growth and profitability expansion.
Key Financial Highlights (Q3 FY25 - Standalone)
- Revenue from Operations: ₹1,294.2 crores (vs. ₹1,160.9 crores in Q3 FY24), an 11.5% YoY increase.
- Total Income: ₹1,295.3 crores.
- Gross Profit: ₹556.8 crores (+14.6% YoY) with a 43.0% margin.
- EBITDA: ₹183.2 crores, 28.8% YoY growth, with an EBITDA margin of 14.2%.
- Net Profit (PAT): ₹95.4 crores, up 30.0% YoY.
- Basic EPS: ₹7.18 (vs. ₹5.52 in Q3 FY24).
Nine-Month Financial Overview (9MFY25 - Standalone)
- Total Revenue: ₹3,547.1 crores (+16.7% YoY).
- Net Profit: ₹252.8 crores (+28.0% YoY).
- Total Comprehensive Income: ₹252.8 crores, reflecting stable financial performance.
Segment-Wise Performance
Indian Made Foreign Liquor (IMFL)
- IMFL Revenue: ₹893.1 crores (+22.4% YoY).
- Prestige & Above brands revenue: ₹647.9 crores (+24.7% YoY).
- Regular & Others brands revenue: ₹229.4 crores (+14.9% YoY).
Non-IMFL Segment
- Revenue: ₹401.1 crores (-7.1% YoY), reflecting market normalization.
Operational Highlights
- Total IMFL Volume: 8.36 million cases (+15.3% YoY).
- Prestige & Above brands: 3.67 million cases (+17.7% YoY).
- Prestige & Above brands contribution: 72.5% of IMFL sales (vs. 71.3% in Q3 FY24).
Strategic Developments & Market Positioning
- Brand Expansion: Increased presence of premium brands Rampur Single Malt, Jaisalmer Gin, and Royal Ranthambore Whisky.
- After Dark Whisky Growth: 1.34 million cases in 9M FY25, 100% YoY growth.
- Debt Position: Net debt at ₹745.9 crores, reflecting an increase of ₹58.8 crores due to inventory buildup.
Management Commentary
Dr. Lalit Khaitan, Chairman & MD, stated:Radico Khaitan remains optimistic about the spirits industry, continuing to drive innovation and expand premium offerings, with expectations of substantial revenue and margin growth in upcoming quarters.