Radico Khaitan skids after Q3 profit falls 6% YoY

NEW DELHI – Shares of Radico Khaitan shed 3.4 per cent in early trade Friday after the liquor maker reported a decline of 5.88 per cent in its consolidated net profit at Rs 79.13 crore for the third quarter ended December 2021.

The company posted a consolidated net profit of Rs 84.08 crore in the October-December quarter a year ago.

The counter tumbled to Rs 1,014 against Rs 1,049.60 at the previous close on the National Stock Exchange.


The company’s consolidated revenue from operations rose to Rs 3,306.67 crore during the quarter under review against Rs 3,037.90 crore in the corresponding period a year ago, reports said.

According to reports, the company sold a total volume of 6.98 million cases in its Indian Made Foreign Liquor category during the quarter, up by 7.4 per cent from the year-ago period.

Its Prestige & Above brands’ volume grew to 2.36 million cases, up by 18.2 per cent, reports said, adding that the Prestige category contributed about 33.8 per cent to the total IMFL volume versus the 30.7 per cent in the previous year.

The net sales of prestige brands accounted for Rs. 349.89 crore, up by 21.5 per cent over the same period a year ago, reports said. Prestige brands contributed to the total IMFL sales value of 55.6 per cent versus 51.5 per cent the year before.

“Despite the unprecedented inflationary pressure, overall we are very encouraged with our premium brand performance. In the near term, the operating environment is expected to remain challenging. In this scenario, we will manage our business with agility while continuing to grow our premium brand portfolio,” the company’s top management was quoted as saying in reports.