Khaitan (India) Limited , a diversified company with interests in electrical goods, sugar, and agriculture, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company also reported the incorporation of two new wholly-owned subsidiaries.

Financial Performance

For the quarter ended September 30, 2025, Khaitan (India) Limited reported the following key financial metrics:

The company's revenue showed a significant increase of 32.55% compared to the same quarter in the previous year. However, profit before tax decreased by 45.47%.

Segment Performance

Khaitan (India) Limited operates in three main business segments:

1. Electrical Goods: This segment remained the primary revenue generator, contributing ₹1,937.48 lakhs to the total revenue.
2. Sugar: The sugar segment reported revenue of ₹20.26 lakhs.
3. Agriculture: No specific revenue figures were provided for this segment in the quarterly breakdown.

New Subsidiaries

The company's Board of Directors has taken note of the incorporation of two new wholly-owned subsidiaries:

1. Khaitan Strategy Limited
2. Khaitan Fans and Appliances Limited

These new entities are expected to strengthen the company's market position, although specific details about their roles and objectives were not disclosed.

Auditor's Observations

The company's statutory auditors, K. C. Bhattacherjee & Paul, have issued a qualified opinion in their limited review report. The qualification pertains to the company's sugar mill operations, which have been suspended for an extended period. The auditors believe that the assets, liabilities, expenses, and cash flows related to the sugar mill should be recognized and disclosed as discontinued operations, rather than as part of continuing business operations.

Management's Response

In response to the auditor's qualification, the management stated that the sugar division remains one of the core business segments of the company. They expect to resume operations once the required working capital is arranged. The management is exploring various options to resolve the current situation and remains optimistic about potential positive developments in the future.

Balance Sheet Highlights

As of September 30, 2025, Khaitan (India) Limited reported:

Conclusion

While Khaitan (India) Limited has shown revenue growth in the second quarter of 2025, the company faces challenges, particularly in its sugar division. The incorporation of new subsidiaries may indicate strategic moves to diversify and strengthen its market position. Investors and stakeholders will likely be watching closely to see how the company addresses the auditor's concerns and manages its various business segments in the coming quarters.

Khaitan , a prominent Indian spirits manufacturer, has announced the launch of the final two editions in its prestigious Rampur Jugalbandi series. The unveiling took place at the TFWA World Exhibition in Cannes, marking the completion of the eight-part limited-edition Indian Single Malt collection that began in 2022.

Rampur Jugalbandi #7 and #8: A Grand Finale

The newly released Rampur Jugalbandi #7 and #8 bring the series to a close, showcasing the distillery's expertise in crafting unique flavor profiles:

• Jugalbandi #7: This expression features a combination of ex-bourbon and Mizunara casks, resulting in a whisky with notes of tropical fruits, vanilla, and sandalwood.
• Jugalbandi #8: Blending ex-bourbon and sherry PX casks, this edition offers flavors of dried fruits, dark chocolate, and warm spices.

Series Overview and Availability

The Rampur Jugalbandi series has been a multi-year project for Khaitan:

• Launched in 2022
• Released incrementally with two expressions each year
• All whiskies produced at the Rampur Distillery in Uttar Pradesh
• Final two editions available in select international markets and global travel retail from November 2025

About Khaitan

Khaitan has established itself as a significant player in the spirits industry:

• Operates distilleries in Rampur, Sitapur, and Aurangabad
• Exports to over 100 countries worldwide

Market Response

The announcement of the series completion has been well-received by the market:

This latest release underscores Khaitan's commitment to innovation in the premium spirits segment and its growing presence in the global market for Indian single malt whiskies.