Radico Khaitan has notified the stock exchanges of the availability of the audio recording from its earnings conference call for analysts and investors, held on May 07, 2026. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows the company's earlier communication dated April 29, 2026. The conference call covered the audited financial results for the quarter and financial year ended March 31, 2026, and included detailed management guidance for FY27 across volumes, margins, and capital structure.

FY26 Financial Achievements

Radico Khaitan reported strong performance in FY26, with net revenue exceeding INR6,000 crores and EBITDA crossing INR1,000 crores. The luxury portfolio delivered INR475 crores in sales value, in line with the company's stated guidance. These milestones reflect the company's continued momentum in premiumization and portfolio expansion.

FY27 Guidance: Volume & Business Growth

For FY27, the management outlined distinct growth expectations across its business segments. The regular segment is expected to deliver volume growth of 3% to 5%, while the non-IMFL business is anticipated to grow at 7% to 8%. The Prestige & Above portfolio volume is projected to grow by 20%, and the luxury portfolio is expected to sustain 25% growth.

Margin Expansion & Profitability Outlook

EBITDA margin is projected to expand by 125 basis points for the full year FY27. This expansion is expected to be driven by price increases contributing 60 basis points and product premiumization contributing over 200 basis points, despite potential headwinds from commodity cost impacts.

Capital Structure & Dividend Policy

The company aims to become debt-free in FY27 and has articulated a dividend policy with a minimum payout of 20% of profit after tax, signalling a commitment to shareholder returns alongside balance sheet strengthening.

Earnings Call Details & Regulatory Compliance

The key details of the disclosure are summarised below:

The audio recording of the earnings conference call is accessible on the company's official website at the following weblink: https://radicokhaitan.com/wp-content/uploads/2026/05/RKL-Q4-FY2026-Concall-Recording.mp3 . The intimation was signed by Dinesh Kumar Gupta, Senior Vice President – Legal & Company Secretary at Radico Khaitan, and submitted to both BSE Limited and the National Stock Exchange of India Limited, in compliance with applicable listing regulations governing timely disclosure of material information.

Radico Khaitan reported its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, approved by the Board of Directors on May 06, 2026. The company delivered a robust full-year performance, with net revenue from operations crossing ₹6,059 Crores — a growth of 24.7% year-on-year — while EBITDA surged 52.4% to ₹1,018 Crores and net profit rose 75.0% to ₹600 Crores. Consolidated net profit on an absolute basis rose sharply to ₹60,447.86 lakhs from ₹34,561.13 lakhs in the prior year, driven by higher revenues and improved operational efficiency. Q4 revenue from operations stood at ₹5,18,230.78 lakhs, compared with ₹4,48,542.52 lakhs in the same quarter of the previous year. The statutory auditors, Walker Chandiok & Co. LLP, issued unmodified audit opinions on both the standalone and consolidated financial results. In compliance with Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published newspaper advertisements on May 07, 2026 in Business Standard (English) and Hindustan, Moradabad edition (Hindi), and the results are also available on the company's website.

Consolidated Financial Performance

The following table presents the key consolidated financial metrics for the quarter and year ended March 31, 2026, compared with the corresponding prior-year periods:

Consolidated revenue from operations for the full year grew to ₹20,97,638.56 lakhs from ₹17,09,853.55 lakhs in the prior year. The share of profit from joint ventures for the full year stood at ₹552.28 lakhs, compared with ₹48.28 lakhs in the previous year. An exceptional item of ₹1,655.26 lakhs was recognised during FY26, primarily pertaining to past service cost in gratuity and leave encashment of ₹955.90 lakhs arising from the revision in the definition of Wages under the four New Labour Codes notified by the Government of India on November 21, 2025. Additionally, during the quarter ended June 30, 2025, the company paid ₹699.36 lakhs pertaining to a demand raised by the Municipal Council of Rampur on re-assessment of House and Water Tax.

Consolidated Expense Breakdown

The following table details the consolidated expense components for the quarter and full year:

Standalone Financial Performance

On a standalone basis, Radico Khaitan reported revenue from operations of ₹20,97,638.56 lakhs for FY26, compared with ₹17,09,853.55 lakhs in FY25. Standalone net profit for the full year stood at ₹60,254.36 lakhs, up from ₹34,519.07 lakhs in the prior year. The following table summarises the standalone quarterly and full-year performance:

Balance Sheet and Cash Flow Highlights

The consolidated balance sheet as at March 31, 2026 reflects total assets of ₹4,97,153.38 lakhs, compared with ₹4,63,895.61 lakhs as at March 31, 2025. Total equity on a consolidated basis increased to ₹3,31,573.26 lakhs from ₹2,75,371.10 lakhs. Current borrowings declined to ₹31,325.05 lakhs from ₹47,639.34 lakhs, while non-current borrowings reduced to ₹1,857.14 lakhs from ₹15,428.57 lakhs, indicating meaningful deleveraging during the year. Net cash flow from consolidated operating activities for FY26 stood at ₹74,263.53 lakhs, compared with ₹36,286.11 lakhs in FY25. Cash and cash equivalents at the end of the year were ₹7,025.82 lakhs on a consolidated basis.

Standalone Balance Sheet Summary

On a standalone basis, net cash flow from operating activities stood at ₹74,191.79 lakhs for FY26, compared with ₹36,210.69 lakhs in FY25, with standalone cash and cash equivalents at year-end at ₹6,966.88 lakhs.

Dividend, AGM, and Corporate Developments

The Board of Directors recommended a final dividend of 450%, i.e., ₹9.00 per equity share of face value ₹2.00/-, amounting to ₹12,051 lakhs, for the year ended March 31, 2026, subject to shareholder approval at the ensuing 42nd Annual General Meeting. The 42nd AGM has been scheduled for August 07, 2026, at 12:30 P.M. at the company's registered office. Members whose names appear on the register of members as on July 24, 2026 (the record date) will be eligible for the dividend. The register of members will remain closed from July 25, 2026 to August 07, 2026 (both days inclusive).

During the year, the company acquired a 47.5% equity stake (on a fully diluted basis) in D'YAVOL Spirits B.V. on October 12, 2025 and a similar stake in D'YAVOL Spirits Private Limited on December 03, 2025, with a total investment of ₹3,886.15 lakhs. These entities have been consolidated using the equity method as joint ventures. The Board also approved a Scheme of Amalgamation for the merger of its wholly owned subsidiary and step-down subsidiaries — namely Radico Spiritz India Private Limited, Equibuild Realtors Private Limited, Compaqt Era Builders Private Limited, Accomreal Builders Private Limited, Firstcode Realty Private Limited, Destihomz Buildwell Private Limited, Proprent Era Estates Private Limited, and Binayah Builders Private Limited — with Radico Khaitan Limited, subject to regulatory and other approvals.

Entities Included in Consolidated Statement

The consolidated statement includes the following subsidiaries and joint ventures:

ESOP and Auditor Details

During the year ended March 31, 2026, the company allotted 90,433 equity shares (standalone) and 90,443 equity shares (consolidated) of face value ₹2.00/- each on exercise of Employee Stock Options under the ESOP Scheme 2006. The company also granted 80,000 stock options to eligible employees during the year at an exercise price of ₹2,081.48 per share. Subsequent to the year-end, the company granted 60,000 stock options at an exercise price of ₹2,838.07 per share. The Board recommended the re-appointment of Walker Chandiok & Co. LLP as Statutory Auditors for a second term of five consecutive years from the conclusion of the 42nd AGM until the conclusion of the 47th AGM, subject to shareholder approval. Walker Chandiok & Co. LLP, established in 1935, is registered with the ICAI, PCAOB, and empanelled with the Comptroller and Auditor General of India, with its registered office in New Delhi and 16 other offices across major cities in India.