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Radico Khaitan Ltd

Q3 FY26Beverages

Radico Khaitan Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹4,640
Market cap₹61.0K Cr
P/E85.8
Updated23 Aug 2026
Read4 min read

The short version

The company expects the super-premium and luxury brands' revenue to reach close to Rs. Radico Khaitan expects continued premiumization and product mix improvements to drive margin expansion by approximately 125 basis points annually over the next two years, targeting late teens EBITDA margin.

From Radico Khaitan Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • The company expects the super-premium and luxury brands' revenue to reach close to Rs. 500 crores in the current year, up from Rs. 340 crores last year.
  • Premium & Above category recorded 26% volume growth and 29% value growth in Q3 FY26.
  • Regular category volume grew 33% in the quarter, aided by market changes such as route-to-market adjustment in Andhra Pradesh.
  • Rampur 1943 Virasat Indian Single Malt and other recent launches show strong early traction with potential for significant growth.
  • Premiumization is a key driver with expectations of 125 basis points margin improvement each year for next two years.
  • Growth focus areas include expanding distribution across India for luxury brands and strengthening on-trade presence.

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Profitability & Margins

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Capital Expenditure Plans

  • Ongoing capex is primarily for maintenance and essential capacity optimization.
  • A 100% wholly-owned subsidiary has been set up in Scotland to secure access to matured malt supply chains for distillation and maturation in a cost-effective manner.
  • The Scotland subsidiary may explore future investments in malt distilleries or procurement of matured malt stocks, but no immediate investment plans are in place.

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Top-ranked in Beverages

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 3
2Varun Beverages
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 3Mar 1
5
Rev 3Mar 1
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

The transcript does not explicitly mention the current or expected order book or pending orders for Radico Khaitan Limited. However, some relevant points related to business outlook and growth are: - Strong forward visibility supported by a robust balance sheet and stable cost environment (Page 5). - Continuous growth in premium and luxury segments with expanding distribution (Pages 4, 8, 15). - Rampur 1943 Virasat Indian Single Malt and other new launches gaining traction (Page 4). - Export steady growth and focus on global travel retail as market expansion (Page 15). - On-trade channel expansion with 6-7% contribution in sales and improved brand visibility (Page 10).

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Radico Khaitan Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.5K Cr, net profit ₹179 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Radico Khaitan Ltd Q3 FY26 results?

The company expects the super-premium and luxury brands' revenue to reach close to Rs. Radico Khaitan expects continued premiumization and product mix improvements to drive margin expansion by approximately 125 basis points annually over the next two years, targeting late teens EBITDA margin.

What is Radico Khaitan Ltd share price analysis?

Radico Khaitan Ltd currently shows a neutral. The stock trades at a P/E of 85.8 with a market cap of ₹60,962 Cr. Investors should review the full earnings analysis for detailed insights.

Is Radico Khaitan Ltd planning capital expenditure?

Ongoing capex is primarily for maintenance and essential capacity optimization.

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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.