Radico Khaitan enters duty-free shops at four major UK airports
- Radico Khaitan becomes first Indian spirits firm in UK airport duty-free shops
- Presence secured at Heathrow, Gatwick, Manchester and Birmingham
- Four airports handled over 170 million passengers in 2025
- Prestige & Above segment contributed 70.3% of IMFL value in FY26
*this image is generated using AI for illustrative purposes only.
Radico Khaitan Limited has become the first Indian spirits company to secure presence across duty-free shops at four major UK airports: Heathrow, Gatwick, Manchester and Birmingham. This expansion marks a significant milestone in the company's global travel retail strategy, bringing its premium brands to international travellers.
The company’s portfolio, including Rampur Indian Single Malt Double Cask, Rampur Asava, Rampur Barrel Blush and Sangam World Malt, is now available at these locations. These four airports collectively handled over 170 million passengers in 2025, offering substantial visibility for Indian luxury spirits. Heathrow alone recorded approximately 84.5 million passengers, while Gatwick, Manchester and Birmingham handled 42.8 million, 32.1 million and 13.7 million respectively.
Strategic context and financial performance
This entry aligns with Radico Khaitan’s focus on premiumisation. In FY26, the Prestige & Above portfolio contributed 70.3% of IMFL value. The company reported record business performance in FY26, with net revenue of approximately ₹6,050 crore. IMFL volumes rose 22% to 38.3 million cases.
Q1FY27 delivered the company's highest-ever quarterly metrics:
| Metric | Q1FY27 Value | Growth/Context |
|---|---|---|
| Revenue | ₹1,684 crore | Highest-ever quarterly revenue |
| EBITDA | ₹348 crore | 20.7% margin |
| Prestige & Above Growth | 36% | YoY volume growth |
What the numbers show
The correlation between the 70.3% contribution from the Prestige & Above segment in FY26 and the 36% growth in this specific portfolio during Q1FY27 highlights a successful shift towards higher-margin products. By placing these high-end brands in high-traffic international hubs, the company leverages its strong domestic premiumisation trend to drive global brand equity. The current footprint of over 65 duty-free locations, with a target exceeding 100, indicates a deliberate scaling of this high-visibility channel.
Management commentary
Abhishek Khaitan, Managing Director, stated that the initiative focuses on building meaningful brand presence rather than just increasing airport count. Sanjeev Banga, President – International Business, noted the strategic significance of introducing Indian whisky to the home of Scotch, aiming to showcase the diversity of Indian spirits to global consumers.
Historical Stock Returns for Radico Khaitan
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.83% | -0.35% | -2.39% | +64.52% | +52.54% | 0.0% |
How will the competitive response from established Scotch and global spirits brands in UK duty-free channels impact Radico Khaitan's market share acquisition?
What specific regulatory or logistical challenges might Radico Khaitan face as it scales its duty-free footprint from 65 to over 100 locations globally?
To what extent can the brand equity built through UK airport exposure translate into increased export volumes and retail presence in the broader European market?
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