Radico Khaitan Limited reported a significant acceleration in profitability for the first quarter of FY27, with total comprehensive income surging 69.7% year-on-year to ₹225.4 crore. The growth was primarily driven by robust demand for its premium spirits portfolio, which saw volume sales jump 35.8% to 5.22 million cases, outpacing the broader industry trend. This volume expansion, combined with improved realization rates, propelled revenue from operations up 11.8% to ₹1,683.7 crore.

The filing was submitted pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dinesh Kumar Gupta, Senior Vice President - Legal & Company Secretary, signed the investor presentation titled “Taking India to the World,” which outlines the company’s strategic direction and financial performance for August 2026. The data presented is on a standalone basis.

Financial Performance Highlights

The company’s operational efficiency improved markedly, with EBITDA rising 50.9% to ₹348.1 crore. Consequently, the EBITDA margin expanded to 20.7% from 15.3% in the corresponding period last year. Gross profit also grew 27.7% to ₹826.8 crore, maintaining a healthy gross margin of 49.1%. Basic EPS stood at ₹16.88, up 69.5% from ₹9.96 in Q1FY26.

Volume and Revenue Mix

The shift towards higher-margin products continued to define Radico Khaitan’s strategy. Prestige & Above brands accounted for 53.1% of total own volumes in Q1FY27, compared to 41.5% in Q1FY26. In value terms, these brands contributed ₹970.0 crore to IMFL revenue, a 36.0% increase year-on-year. Conversely, Regular & Others volumes declined by 15.1% to 3.84 million cases, indicating a deliberate trade-up by consumers.

Total IMFL revenue reached ₹1,262.5 crore, growing 18.0% year-on-year. Non-IMFL revenue, however, contracted by 3.5% to ₹421.2 crore. The company’s total volume stood at 10.00 million cases, including 0.17 million cases from royalty brands.

What the Numbers Show

The divergence between volume growth in premium segments versus regular categories highlights the structural shift in Indian consumption patterns. While total own volumes grew modestly by 6.0%, the disproportionate rise in Prestige & Above volumes (35.8%) drove the majority of the revenue and profit growth. This suggests that Radico Khaitan is successfully capturing value through premiumization rather than pure volume expansion, insulating margins from input cost volatility. The expansion in EBITDA margin from 15.3% to 20.7% underscores the operational leverage gained from this mix shift.

Radico Khaitan Limited shareholders have approved the re-appointment of Walker Chandiok & Co LLP as its Statutory Auditors for a second term of five consecutive years. The resolution was passed at the company’s 42nd Annual General Meeting (AGM) held on August 7, 2026, at its registered office in Rampur, Uttar Pradesh. The appointment is effective from the conclusion of the 42nd AGM and will remain in force until the conclusion of the 47th AGM. This decision ensures continuity in audit oversight and aligns with the company’s governance framework, receiving 99.9956% affirmative votes from shareholders.

The re-appointment was approved pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Walker Chandiok & Co LLP (Firm Registration No. 001076N/N500013) is a firm of Chartered Accountants registered with the Institute of Chartered Accountants of India (ICAI), the Public Company Accounting Oversight Board (PCAOB), and empanelled with the Comptroller and Auditor General of India (CAG). Established in 1935, the firm operates from its registered office in New Delhi and has 16 other offices across major cities in India. It holds a valid peer review certificate and serves several large companies, including top 100 listed entities.

The AGM, chaired by Chairman & Managing Director Dr. Lalit Khaitan, commenced at 12:30 P.M. (IST) and concluded at 12:50 P.M. (IST). A total of 133,982,398 shares were eligible to vote as of the record date, July 31, 2026. Out of these, 103,305,802 votes were polled, representing a 77.10% participation rate. Remote e-voting was conducted through Kfin Technologies Limited from August 3, 2026, to August 6, 2026, while physical ballot voting occurred during the AGM. Tanuj Vohra of TVA & Co. LLP served as the independent scrutinizer.

In addition to the auditor re-appointment, shareholders approved all other resolutions proposed at the AGM with overwhelming support. The adoption of audited standalone and consolidated financial statements for FY26 secured 99.9998% support. The declaration of dividends on equity shares for FY26 also passed with nearly unanimous approval (99.9998%). Mr. Abhishek Khaitan, who retired by rotation, was reappointed as a Director with 95.94% support. The remuneration for the Cost Auditor for FY26-27, represented by Mr. R. Krishnan, was ratified with 99.9978% approval.

Voting Breakdown by Shareholder Category

The voting pattern reveals distinct preferences among promoter and public shareholders. Promoter group members voted unanimously in favor of all resolutions. Public institutional investors showed near-unanimous support for audit and financial matters but registered higher dissent on the reappointment of Mr. Abhishek Khaitan.

Governance and Compliance

All proceedings were conducted in compliance with Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014. The Statutory Auditor’s Report and Secretarial Auditor’s Report for FY25-26 contained no qualifications or adverse remarks. The complete voting results and Scrutinizer’s Report are available on the company’s website and the BSE/NSE portals. There are no disclosed relationships between the directors and the appointed auditors.