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.

Radico Khaitan has allotted 33,417 equity shares of Rs. 2 each on May 06, 2026, to eligible employees pursuant to the exercise of stock options under its Employee Stock Option Scheme, 2006 (ESOP 2006). The allotment was approved by the Nomination, Remuneration and Compensation Committee (NRCC) at its meeting held on May 06, 2026, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Allotment Details

The shares were allotted in two tranches at different exercise prices, reflecting the terms under which eligible employees exercised their stock options. The newly allotted equity shares rank pari passu with the existing equity shares of the company in all respects. The company has stated that it is in the process of completing other formalities with respect to the issue and listing of the said equity shares.

The key details of the allotment are presented below:

Exercise Price and Premium Breakdown

The 33,417 equity shares were allotted across two sets of stock options exercised at distinct prices. The following table outlines the exercise price and premium applicable to each tranche:

Post-Allotment Share Capital

Following this allotment, the paid-up equity share capital of Radico Khaitan stands as detailed below:

The newly issued shares are identical in all respects to the existing equity shares of the company and shall rank pari passu with them. No lock-in period is applicable to these shares, and no listing fees are payable in connection with this allotment. The disclosure has been disseminated on the company's website at www.radicokhaitan.com/investor-relations/ as required under the applicable regulations.