Radico Khaitan Q1 net up 20% at Rs 13.28 cr

NEW DELHI: Liquor manufacturer Radico Khaitan on Monday reported a 20 per cent increase in net profit at Rs 13.28 crore for the quarter ended June 30 as against Rs 11.06 crore in the corresponding quarter last fiscal.

The company's turnover in the quarter under review grew by 9.41 per cent at Rs 324.14 crore as compared to Rs 296.26 crore in the year ago quarter, a company release said.

"Our focus on building brands has paid rich dividends with the company registering spectacular growth. We are now breaking into newer and sophisticated markets with liquor brands developed to appeal to a wider palate," Radico Khaitan Managing Director Abhishek Khaitan said.