Radico Khaitan Limited , a leading Indian spirits manufacturer, has announced impressive financial results for the first quarter of fiscal year 2026, highlighting strong growth across key metrics and a substantial reduction in net debt.

Net Debt Reduction

The company reported a significant net debt reduction of Rs 163.70 crore since March 31, 2025. This decrease in the overall debt burden demonstrates Radico Khaitan's commitment to strengthening its financial position and improving its balance sheet.

Q1 FY2026 Financial Highlights

Radico Khaitan achieved its highest-ever quarterly performance across various metrics:

• Revenue from Operations (Net): Increased by 32.5% year-on-year to Rs 1,506.00 crore
• EBITDA: Grew by 55.6% to Rs 230.70 crore
• Total Comprehensive Income: Rose by 74.5% to Rs 132.20 crore
• Gross Profit: Increased by 38.8% to Rs 647.70 crore

Volume Growth

The company witnessed robust volume growth across its product categories:

Financial Position

As of June 30, 2025, Radico Khaitan's financial position showed:

• Total Debt: Rs 491.90 crore (including Term Loans of Rs 256.10 crore)
• Cash & Cash Equivalents: Rs 82.10 crore
• Net Debt: Rs 409.80 crore

Management Commentary

Dr. Lalit Khaitan, Chairman & Managing Director of Radico Khaitan, commented on the results: "Building on the strong momentum from the second half of last year, Radico Khaitan delivered a standout performance in Q1 FY2026. We continued to make significant progress on our premiumization journey, with our premium portfolio driving robust revenue growth."

Mr. Abhishek Khaitan, Managing Director, added: "FY2026 marks a transformative phase in Radico Khaitan's journey, as we took a bold step into the fast-growing super-premium whisky segment with the launch of Morpheus Super Premium Whisky. Another significant milestone is the introduction of The Spirit of Kashmyr, a luxury vodka crafted with the ambition to become a leading global brand."

Outlook

The company remains optimistic about sustaining strong topline growth, with expectations of margin expansion and further net debt reduction. Radico Khaitan is well-positioned to lead the next phase of growth in the evolving Indian alcobev industry, supported by its diversified portfolio, strong innovation pipeline, and growing presence in premium and luxury segments.

Exceptional Item

The company reported an exceptional item of Rs 699.36 lakhs, pertaining to a payment made to the Municipal Council of Rampur for reassessed House and Water Tax for the period from April 1, 2019, to March 31, 2025.

Radico Khaitan's strong Q1 FY2026 performance, coupled with its significant net debt reduction, reflects the company's robust financial management and successful implementation of its growth strategies in the competitive Indian spirits market.

Radico Khaitan , a leading player in the Indian spirits industry, has reported robust financial results for the first quarter, showcasing significant growth across key metrics.

Financial Highlights

• Revenue from Operations (Net) surged by 32.5% year-over-year to ₹1,506.00 crore
• EBITDA witnessed a remarkable increase of 55.6% to ₹230.70 crore
• Total Comprehensive Income jumped by 74.5% to ₹132.20 crore
• Gross Profit rose by 38.8% to ₹647.70 crore

Volume Growth

The company's performance was driven by strong volume growth across its product portfolio:

• Total IMFL (Indian Made Foreign Liquor) volume increased by 37.5% to 9.72 million cases
• Prestige & Above category volume grew by 40.8% to 3.84 million cases
• Regular & Others category volume surged by 52.1% to 5.42 million cases

Operational Performance

Management Commentary

Dr. Lalit Khaitan, Chairman & Managing Director of Radico Khaitan, commented on the results, stating, "Building on the strong momentum from the second half of last year, Radico Khaitan delivered a standout performance in Q1. We continued to make significant progress on our premiumization journey, with our premium portfolio driving robust revenue growth."

Mr. Abhishek Khaitan, Managing Director, added, "This quarter marks a transformative phase in Radico Khaitan's journey, as we took a bold step into the fast-growing super-premium whisky segment with the launch of Morpheus Super Premium Whisky. Another significant milestone is the introduction of The Spirit of Kashmyr, a luxury vodka crafted with the ambition to become a leading global brand."

Strategic Developments

• Launch of Morpheus Super Premium Whisky, entering the high-growth super-premium whisky segment
• Introduction of The Spirit of Kashmyr, a luxury vodka targeting the premium market
• Continued focus on premiumization and expansion of distribution for recent premium and luxury launches

Financial Position

As of the end of the quarter, Radico Khaitan reported:

• Total Debt: ₹491.90 crore
• Net Debt: ₹409.80 crore, a decrease of ₹163.70 crore since the end of the previous quarter

Outlook

The company remains optimistic about sustaining strong topline growth, supported by a stable raw material environment and continued premiumization. Management expects these factors to contribute to margin expansion and further net debt reduction in the coming quarters.

Radico Khaitan's impressive Q1 results underscore its strong market position and effective strategic initiatives in the evolving Indian alcoholic beverage industry. The company's focus on premium offerings and new product launches positions it well for continued growth in the dynamic market landscape.