Radico Khaitan Limited reported a robust start to FY27, with standalone net profit rising 70% year-on-year to ₹226.01 crore for the quarter ended June 30, 2026. The bottom-line expansion was primarily driven by a 35.8% surge in Prestige & Above category volumes to 5.22 million cases and an EBITDA margin that expanded to 20.7% from 15.42% in the prior year period. The company also achieved a record quarterly volume during the period, prompting management to raise its full-year volume growth forecast to over 25% for FY27. This performance underscores the effectiveness of the company's premiumization strategy amidst evolving consumer preferences in the Indian IMFL sector.

The Board of Directors approved the unaudited financial results on July 28, 2026. The figures were reviewed by statutory auditors Walker Chandiok & Co LLP under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Revenue from operations (net) increased 11.8% to ₹1,683.7 crore, while total comprehensive income rose 70.5% to ₹225.4 crore.

Financial Performance Highlights

The following table details the key standalone financial metrics for Q1FY27 compared to Q1FY26:

Gross margin expanded significantly to 49.1% from 43.0% in the corresponding quarter last year, aided by a benign raw material scenario despite volatility in packing material prices which resulted in an approximate ₹30 crore financial impact. Selling and distribution expenses rose 22.6% to ₹180.1 crore, reflecting prudent marketing investments with Advertising and Sales Promotion (A&SP) spend at 6.9% of IMFL sales.

Volume Growth and Premiumization

Total IMFL volume increased 2.8% to 10.00 million cases, including royalty volumes. The standout performer was the Prestige & Above segment, which grew 35.8% to 5.22 million cases, accounting for 53.1% of total own volume compared to 41.5% in Q1FY26. Conversely, Regular & Others volume declined 15.1% to 4.61 million cases due to a higher base in Q1FY26 following route-to-market changes in Andhra Pradesh and policy impacts in Maharashtra and Karnataka.

Magic Moments Vodka continued its market leadership, growing 43% YoY to cross 3.25 million case sales, capturing 60% of the overall vodka market share. The brand recently launched the 'Flavours of India' range, featuring Jamun Spicy Mint, Alphonso Mango, and Thandaai flavors.

Balance Sheet Strength

Radico Khaitan strengthened its balance sheet, reducing net debt by ₹138 crore since March 31, 2026, to stand at ₹106.1 crore as of June 30, 2026. The company aims to be net debt-free by Q2FY27. Return on Capital Employed (ROCE) improved to 26.9% in Q1FY27.

Management Guidance

Building on the record quarterly volume performance, management has raised its full-year volume growth forecast to over 25% for FY27. The following table summarises key management guidance:

Management expects to maintain A&SP spend in the range of 6% to 8% of IMFL revenues to sustain sales momentum. The divergence between revenue growth (11.8%) and expense growth (4.6%) highlights significant operating leverage. With Prestige & Above revenue contributing 76.8% of total IMFL revenue, up from 66.7% last year, the company's earnings quality has improved substantially.

Radico Khaitan Limited designated Sudhir Upadhyay and Kunal Madan as Senior Management Personnel (SMP) on July 28, 2026, to strengthen its leadership structure in compliance with regulatory requirements. The Board of Directors approved the designations during a meeting held on the same date, acting on the recommendation of the Nomination, Remuneration and Compensation Committee. This structural update ensures that key commercial functions—sales and marketing—are represented at the highest governance level required by the Securities and Exchange Board of India (SEBI). The company disclosed the appointments under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The designation applies to Sudhir Upadhyay, who serves as the Chief Sales Officer, and Kunal Madan, the Chief Marketing Officer. Both executives are internally developed leaders who have been associated with Radico Khaitan for more than a decade. Their elevation to SMP status formalizes their roles in the company’s strategic decision-making framework without altering their existing functional responsibilities or reporting lines. The appointment dates for both individuals are recorded as July 28, 2026.

Executive Profiles

Sudhir Upadhyay brings over 25 years of industry experience to his role as Chief Sales Officer. He has played a key role in strengthening the company’s sales capabilities and driving its growth journey. As an internal hire, his long tenure reflects deep institutional knowledge of Radico Khaitan’s distribution networks and market dynamics.

Kunal Madan, serving as Chief Marketing Officer, possesses over 20 years of extensive experience across global sales and marketing. He has contributed significantly to the company’s brand-building and premiumisation initiatives. His expertise supports Radico Khaitan’s strategy to enhance brand equity in competitive segments.

Regulatory Compliance

The intimation was issued pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Dinesh Kumar Gupta, Senior Vice President-Legal & Company Secretary, signed the disclosure. The company disseminated the intimation on its investor relations website and submitted it to both BSE Limited and the National Stock Exchange of India Limited. No relationships between directors and the designated personnel were disclosed, as per the annexure details.