Radico Khaitan Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹1,504Cr
- +15.3% YoY
- −2.8% QoQ
- Net profit
- ₹179Cr
- +94.6% YoY
- +15.5% QoQ
- Margin
- 19%
- +5 pp YoY
- +2 pp QoQ
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The short version
Radico Khaitan projects 20% volume growth in Prestige & Above (P&A) category for FY27 and beyond. Radico Khaitan targets a 20% volume growth in Prestige & Above (P&A) portfolio for FY27, driven by strong brand momentum and premiumisation.
From Radico Khaitan's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Radico Khaitan projects 20% volume growth in Prestige & Above (P&A) category for FY27 and beyond.
- Luxury portfolio expected to grow at approximately 25% CAGR over the next year, driven by brands like Rampur Indian Single Malt, Virasat, The Spirit of Kashmyr, Jaisalmer, and Royal Ranthambore.
- Regular segment anticipated to grow at a modest 3% to 5% volume growth annually.
- Non-IMFL business expected to grow naturally at 7% to 8% with gradual shift towards increased IMFL share.
- Total IMFL volume in Q4 FY26 grew by 4% year-on-year.
2 more points from Radico Khaitan's call on revenue
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Profitability & Margins
Radico Khaitan targets a 20% volume growth in Prestige & Above (P&A) portfolio for FY27, driven by strong…
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Capital Expenditure Plans
- Capex for FY27 is planned between INR 150 crores to INR 175 crores, focusing mainly on internal capacity expansion and optimization.
- Around 60%-65% of bottling is outsourced; 30%-35% is handled internally – no capacity constraints expected to support 20% growth guidance.
- The company aims at maintaining a minimum dividend payout of 20% of PAT, reflecting confidence in cash generation and maintaining flexibility for future investments.
- For inorganic growth or acquisitions, currently, no plans are in place; focus remains on organic growth but the company will explore opportunities if they yield ROCE above 20%-25%.
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
No current or immediate plans for new fundraising through debt or equity.
Locked: what Radico Khaitan said on fundraising
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Order Book & Pipeline
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Radico Khaitan — Quarterly revenue & net profit
Radico Khaitan Q4 FY26 results — key figures
| ₹ Cr | Q4 FY26 | Q4 FY25 | YoY | Q3 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 1,504 | 1,304 | +15.3% | 1,547 | -2.8% |
| Operating profit (EBITDA) | 284 | 178 | +59.6% | 267 | +6.4% |
| Operating margin | 19% | 14% | +5 pp | 17% | +2 pp |
| Profit before tax | 237 | 123 | +92.7% | 206 | +15% |
| Net profit (PAT) | 179 | 92 | +94.6% | 155 | +15.5% |
| EPS (₹) | 13.40 | 6.88 | +94.8% | 11.57 | +15.8% |
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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Rest of India (excluding Andhra Pradesh and Maharashtra) delivered healthy growth: 11.3% in Prestige & Above and 10.9% overall, with a 500 bps acceleration…
Potential multibaggers · Q2 FY27
Potential multibaggers in Beverages
on management's own guidance
- Varun BeveragesGood growth2
- Strong growth1
- FratelliVineyardGood growth3
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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 Q4 FY26 results?
Radico Khaitan projects 20% volume growth in Prestige & Above (P&A) category for FY27 and beyond. Radico Khaitan targets a 20% volume growth in Prestige & Above (P&A) portfolio for FY27, driven by strong brand momentum and premiumisation.
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?
Capex for FY27 is planned between INR 150 crores to INR 175 crores, focusing mainly on internal capacity expansion and 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.