Breweries & Distilleries firm Radico Khaitan announced Q1FY23 Result Total IMFL volume of 6.82 Million Cases (+21.5%) Prestige & Above brands volume of 1.87 Million Cases (+29.1%) Prestige & Above brands net sales of Rs 298.9 Cr (+37.0%) Prestige & Above brands contribution to the IMFL volumes of 29.5% (vs. 26.1%) Prestige & Above brands contribution to the Total IMFL sales value of 50.0% (vs. 46.6%) Revenue from Operations (Net) of Rs 757.4 Cr (+26.7%) Gross Profit of Rs 329.9 Cr (+17.2%) EBITDA of Rs 92.1 Cr at 12.2% margin (up 217 bps QoQ) Interest costs of Rs 3.0 Cr (-35.8%) Total comprehensive income of Rs 58.0 Cr Commenting on the results and performance, Dr. Lalit Khaitan, Chairman & Managing Director said: “Radico Khaitan continues to demonstrate agility and resilience to deliver a consistent topline growth led by the Prestige & Above category brands in this challenging environment which is also a reflection our team’s execution capabilities. While there are near term concerns around inflation, the recent softening of certain commodities, a normal monsoon and the policy measures undertaken by the government bode well for the industry. Our endeavor continues to be on strengthening our premium brand portfolio through focused go-to-market strategies. Overall, we expect the inflationary environment to gradually ease out to some extent in the second half of the year. We are focused on driving premium growth, execution of our new projects and working towards making Radico Khaitan a future ready organization.” Commenting on the results and performance, Abhishek Khaitan, Managing Director said: “We are very pleased with the progress of our premium portfolio. Our luxury brands are showing robust momentum as we continue to expand outreach both in domestic as well as international markets. With the ‘out-of-home’ consumption picking up, white spirits brands have seen strong traction, which coupled with our diligent marketing investment has returned desired results. Looking at the growing demand of Jaisalmer Indian Craft Gin, we are expanding our gin distillation capacity which is already a part of our earlier announced capex plan. Overall, our growth is broad based and has a healthy underlying product and price mix. To mitigate the inflationary pressure, Radico Khaitan has taken a number of steps including rationalization of portfolio and value engineering across the supply chain. We continue to manage business with agility driving savings across the value chain to navigate through these challenging times.” Result PDF
Breweries and Distilleries company Radico Khaitan announced Q4FY22 results: Q4FY22: Total IMFL volume of 7.29 Million Cases (+16.3%) Prestige & Above brands volume of 2.27 Million Cases (+28.1%) Prestige & Above brands net sales of Rs 369.4 crore (+30.5%) Prestige & Above brands contribution to the total IMFL volumes of 31.1% (vs. 28.2%) Prestige & Above brands contribution to the total IMFL sales value of 55.7% (vs. 51.6%) Revenue from Operations (Net) of Rs 812.5 crore (+17.9%) Gross Profit of Rs 347.0 crore (+4.9%) EBITDA of Rs 81.2 crore at 10.0% margin Interest costs of Rs 2.3 crore (-50.5%) Total comprehensive income of Rs 47.5 crore FY22: Total IMFL volume of 26.35 Million Cases (+17.9%) Prestige & Above brands volume of 8.11 Million Cases (+24.5%) Prestige & Above brands net sales of Rs 1,214.7 crore (+26.9%) Prestige & Above brands contribution to the total IMFL volumes of 30.8% (vs. 29.1%) Prestige & Above brands contribution to the total IMFL sales value of 52.7% (vs. 50.6%) Revenue from Operations (Net) of Rs 2,868.0 Cr (+19.6%) Gross Profit of Rs 1,290.6 crore (+7.9%) EBITDA of Rs 402.6 crore at 14.0% margin Interest costs of Rs 13.1 crore (-40.5%) Total comprehensive income of `252.5 crore Dividend of 150% or Rs 3.00 per share compared with 120% or Rs 2.40 per share for FY21 Result PDF
Conference Call with Radico Khaitan Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.