About the stock: Radico Khaitan (RKL) is one of the recognised IMFL company in India with portfolio of 8 millionaire brands. It has one of the largest liquor manufacturers in India with a capacity of 321mn litres p.a. Q3FY26 performance: RKL registered strong performance in Q3FY26 with net revenues growing by 19.5% YoY to Rs.1547cr and EBIDTA growing by 45% YoY to Rs.267.2cr. Revenue growth was driven by 16.6% YoY volume growth (P&A segment volumes grew by 26%). Gross margins expanded by ~350bps YoY aided by favourable input cost and premiumisation. EBITDA margins improved 303bps...