Radico Khaitan
- Market cap
- ₹ 55,871 Cr.
- P/E
- 69x
- P/B
- 16.97x
- 52-week range
- 2,500 – 4,747
- ROE
- 20%
- ROCE
- 24%
- Dividend yield
- 0.2%
- Debt / equity
- 0.24
- Sector
- Beverages
- Industry
- Breweries & Distilleries
- Listed on
- NSE, BSE
About
Radico Khaitan Limited is an India-based company. The Company is engaged in alcohol manufacturing. Its brands include Rampur Indian Single Malt Whisky, Jaisalmer Indian Craft Gin, Magic Moments Verve Vodka, Morpheus Premium and Morpheus Blue Super Premium Brandy, 8PM Premium Black Whisky, After Dark Whisky, Pluton Bay Rum, Regal Talon Whisky, Whytehall Brandy, 1965 - Spirit of Victory Rum. It operates Rampur Distillery in Uttar Pradesh and Radico NV Distilleries Maharashtra Limited in Aurangabad. It supplies branded liquor in India to the Canteen Stores Department (CSD) and exports to over 85 countries worldwide. Its international brand portfolio has a range of brands in Whisky, Vodka, Rum, Brandy, Gin, and Ready-to-Drink (RTD). It offers Rampur Indian Single Malt Whisky, Jaisalmer Indian Craft Gin, Honey Whisky, Cinnamon Whisky, and flavoured Rums for international markets. It offers a wide range of pack sizes from 1.75 liters to 5 centiliters.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Breweries & Distilleries: 28 companies →Radico Khaitan against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)69 against a typical 39.7: pricier than most peers (1st = cheapest).20th of 27
- Sales growth+11.8% against a typical +11.8% from a year earlier.13th of 25
- Profit growth+75.6% against a typical +10.1% from a year earlier.3rd of 20
- Share price, 3 months−5.5% against a typical −9.2%.11th of 28
- Size₹ 55,870.7 Cr. market value against a typical ₹ 419.4 Cr. (1st = largest).2nd of 24
Latest announcements
Exchange filings and their impact on the company.
- Radico elevates long-serving CFO to the board and names a deputy CFO in a continuity move with no near-term financial impact.
On Oct 27, 2026, Radico Khaitan's board approved appointing CFO Dilip K. Banthiya, with the company for over 18 years, as Additional and Whole-time Director designated Executive Director and CFO for 3 years from Oct 28, 2026, subject to shareholder approval. It also named Senior VP-Finance & Strategy Saket Somani as Deputy CFO from the same date. The company said the moves strengthen board-level financial oversight and next-generation leadership for its premium-led growth phase, with no change to strategy or financials disclosed.
- Board approved Q2 and H1 FY27 results, with growth trend pointing to continued double-digit upside.
Radico Khaitan's board on October 27, 2026 approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, reviewed by Walker Chandiok & Co LLP. The detailed profit and loss tables were not available in the extracted filing text. The company has been on a strong run with FY26 sales of Rs 6,037 crore and Q1 FY27 sales of Rs 1,684 crore with 21% operating margin, suggesting continued momentum if the Q2 trend holds.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AA | Positive | 9 Jul 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 9 Jul 2026 | Reaffirmed | CARE AA | — | CARE | ₹ 990 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 27 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 28 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 6 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and recommendation of dividend, if any. |
| 22 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 29 Oct 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
| 31 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 925 | 1,161 | 1,079 | 1,137 | 1,116 | 1,294 | 1,304 | 1,506 | 1,494 | 1,547 | 1,504 | 1,684 |
| Expenses | 804 | 1,018 | 959 | 990 | 955 | 1,111 | 1,127 | 1,274 | 1,256 | 1,280 | 1,219 | 1,335 |
| Operating Profit | 121 | 143 | 120 | 147 | 162 | 183 | 178 | 232 | 238 | 267 | 284 | 349 |
| OPM % | 13% | 12% | 11% | 13% | 14% | 14% | 14% | 15% | 16% | 17% | 19% | 21% |
| Other Income | 4 | 6 | 2 | 2 | 1 | 1 | 3 | −5 | 3 | −7 | 10 | 9 |
| Interest | 12 | 18 | 17 | 16 | 17 | 20 | 22 | 16 | 16 | 16 | 15 | 12 |
| Depreciation | 26 | 32 | 32 | 33 | 36 | 36 | 36 | 36 | 37 | 37 | 42 | 41 |
| Profit before tax | 86 | 99 | 74 | 100 | 110 | 129 | 123 | 175 | 187 | 206 | 237 | 305 |
| Tax % | 25% | 24% | 27% | 25% | 27% | 26% | 25% | 25% | 25% | 25% | 24% | 25% |
| Net Profit | 65 | 75 | 54 | 75 | 81 | 95 | 92 | 131 | 140 | 155 | 179 | 230 |
| EPS in Rs | 4.85 | 5.62 | 4.03 | 5.64 | 6.03 | 7.14 | 6.88 | 9.75 | 10.42 | 11.57 | 13.4 | 17.14 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 14%
- 5 Years
- 21%
- 3 Years
- 24%
- TTM
- 19%
- 10 Years
- 23%
- 5 Years
- 17%
- 3 Years
- 41%
- TTM
- 76%
- 10 Years
- 47%
- 5 Years
- 39%
- 3 Years
- 55%
- TTM
- —
- 10 Years
- 14%
- 5 Years
- 14%
- 3 Years
- 15%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Radico Khaitan | ₹ 4,135.10 | ₹ 55,871 Cr. | 69x | 17x | 20% | — |
| United Spirits | ₹ 1,255.60 | ₹ 91,326 Cr. | 55.4x | 11.2x | 20% | 6.1% |
| United Breweries | ₹ 1,143.85 | ₹ 30,246 Cr. | 95.1x | 7.8x | 9.3% | 2.4% |
| Allied Blenders and Distillers | ₹ 672.65 | ₹ 18,866 Cr. | 75.3x | 10.4x | 14.3% | 2.9% |
| Tilaknagar Industries | ₹ 490.70 | ₹ 12,144 Cr. | 38x | 3.7x | 1.1% | 0.4% |
| Globus Spirits | ₹ 714.85 | ₹ 2,301 Cr. | 29.5x | 2.5x | 8.8% | 2.6% |
Management
- Lalit Kumar Khaitan
- Executive Chairman of the Board, Managing Director
- Dilip Kumar Banthiya
- Chief Financial Officer
- Sanjeev Banga
- President - International Business
- Vinay Padroo
- Chief Human Resources Officer
- M. Prakash
- Executive Vice President - Corporate, Technical Operations
- Hari Shankar Shukla
- Executive Vice President - Manufacturing Operations, Sitapur
- Saket Somani
- Senior Vice President - Finance
- Dinesh Kumar Gupta
- Senior Vice President - Legal, Company Secretary, Compliance Officer
Prices are delayed and for information only. Nothing on this page is investment advice.