Radico Khaitan, on 6 November, announced its quarterly earnings for the July-September quarter of the current fiscal year.

The company reported an 18.99% year-on-year (YoY) increase in its consolidated net profit at Rs 64.83 crore during the quarter under review from Rs 54.48 crore reported in the year-ago quarter.

The consolidated revenue of the company was Rs 3,715.05 crore, which is a 23.07% YoY increase from Rs 3,018.56 crore reported in the same quarter of the previous fiscal year.

The company’s EBITDA (earnings before interest, tax, depreciation, and amortisation) during the quarter was at Rs 120.6 crore, whereas the EBITDA margins expanded by 127 basis points to 13% during the quarter.

Lalit Khaitan, Chairman & Managing Director, said, “Radico Khaitan continued its robust performance in line with our expectations despite a challenging operating environment. This was led by a broad-based growth across our premium portfolio. Industry volume growth, particularly in the regular category, remained muted during the quarter. We expect demand momentum to improve with the upcoming festive season.”

The company’s gross margins during the quarter stood at 44.1%, which is an improvement from 41.6% reported in the corresponding quarter of the previous financial year. On a YOY basis, the gross margins show a significant improvement that is attributed to price hikes and continued focus on premiumisation in the IMFL business, as well as price increases in the Country Liquor business.

Abhishek Khaitan, Managing Director of Radico Khaitan, said, “Despite a volatile cost environment, our EBITDA margins have sustained on sequential basis. We are confident that we are making progress in the right direction with our business strategies. We are focused on delivering value-led growth, managing business with agility, harnessing the strength of our extensive distribution network and manufacturing platform, while consistently improving our profit margins.”