Radico Khaitan Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹1,506Cr
- +32.5% YoY
- +15.5% QoQ
- Net profit
- ₹131Cr
- +74.7% YoY
- +42.4% QoQ
- Margin
- 15%
- +2 pp YoY
- +1 pp QoQ
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Radico Khaitan Q1 FY26 key numbers
- Revenue
- After Dark brand volume expected to double this fiscal from 1.9 million cases last year.
As stated in Radico Khaitan's Q1 FY26 earnings call transcript · published 16 Aug 2026. Reported figures, not investment advice.
The short version
Overall volume growth expected at 20%+ for FY26 with strong contribution from prestige and above category (Page 5). Expect margin expansion of 125-150 basis points per year for next three years, reaching late teens margin levels.
From Radico Khaitan's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Overall volume growth expected at 20%+ for FY26 with strong contribution from prestige and above category (Page 5).
- Non-IMFL segment expected to grow single-digit (4-5%) from FY26 onwards, with current run rate Rs. 400-420 crores and 12% growth seen recently (Pages 14,16).
- Continuous premiumization driving volumes; luxury and semi-luxury brands showing ~50% Y-o-Y value growth (Pages 5,15).
- After Dark brand volume expected to double this fiscal from 1.9 million cases last year (Page 5).
- Vodka segment poised for 125-150 basis points of margin expansion, reflecting strong volume growth (Page 9).
- Rampur and new luxury launches (‘The Spirit of Kashmyr’) contribute to growth momentum (Page 15,17).
2 more points from Radico Khaitan's call on revenue
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Profitability & Margins
Expect margin expansion of 125-150 basis points per year for next three years, reaching late teens margin…
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Capital Expenditure Plans
- The average annual Capex run rate for the next two years is expected to be around Rs. 150 to 160 crores.
- The Capex is related to brand development and malt capacity expansion.
- Going forward, limited Capex is anticipated, aiming to be almost debt-free by FY27.
2 more points from Radico Khaitan's call on capex
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Top-ranked in Beverages
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
The company highlighted a reduction in net debt by Rs. 164 crores since March 2025, mainly due to…
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Order Book & Pipeline
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Radico Khaitan — Quarterly revenue & net profit
Radico Khaitan Q1 FY26 results — key figures
| ₹ Cr | Q1 FY26 | Q1 FY25 | YoY | Q4 FY25 | QoQ |
|---|---|---|---|---|---|
| Revenue | 1,506 | 1,137 | +32.5% | 1,304 | +15.5% |
| Operating profit (EBITDA) | 232 | 147 | +57.8% | 178 | +30.3% |
| Operating margin | 15% | 13% | +2 pp | 14% | +1 pp |
| Profit before tax | 175 | 100 | +75% | 123 | +42.3% |
| Net profit (PAT) | 131 | 75 | +74.7% | 92 | +42.4% |
| EPS (₹) | 9.75 | 5.64 | +72.9% | 6.88 | +41.7% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹1.7K Cr, net profit ₹232 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Radico Khaitan's management said in earlier quarters
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Radico Khaitan Q1 FY26 results?
Overall volume growth expected at 20%+ for FY26 with strong contribution from prestige and above category (Page 5). Expect margin expansion of 125-150 basis points per year for next three years, reaching late teens margin levels.
What is Radico Khaitan share price analysis?
Radico Khaitan currently shows a neutral. The stock trades at a P/E of 87.5 with a market cap of ₹62,165 Cr. Investors should review the full earnings analysis for detailed insights.
Is Radico Khaitan planning capital expenditure?
The average annual Capex run rate for the next two years is expected to be around Rs. 150 to 160 crores.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.