Restaurant India News: Radico Khaitan Q4 FY26 Profit Surges on Premium Spirits Demand

Radico Khaitan reported a strong rise in earnings for the March quarter of FY26, supported by premium spirits demand and margin expansion across its portfolio. The company posted a consolidated net profit of Rs 179.46 crore during the quarter, compared to Rs 93.07 crore in the same period last year. Revenue from operations increased 15.5 percent year-on-year to Rs 5,180.23 crore, up from Rs 4,485.42 crore.

Radico Khaitan, which owns brands including Rampur Indian Single Malt Whisky, Jaisalmer Indian Craft Gin, Magic Moments Vodka, and 8 PM, said its gross margin reached 48 percent during the quarter. The figure reflected a year-on-year increase of 453 basis points and a sequential rise of 150 basis points.

“Gross margin improved on a Y-o-Y basis due to a relatively benign raw material scenario coupled with ongoing premiumisation. Raw material accounted for 225 bps of gross margin expansion during the quarter,” the company said.

The company’s total IMFL volume grew 4 percent to 9.52 million cases in the March quarter, while total expenses rose 13.5 percent to Rs 4,955.40 crore. Total income, including other income, increased 15.63 percent to Rs 5,188.12 crore during the period.

For the full FY26 fiscal year, Radico Khaitan reported a 75 percent increase in consolidated net profit at Rs 604.47 crore. Total consolidated income for the year rose 22.7 percent to Rs 20,988.23 crore, while annual IMFL volume increased 22.2 percent to 38.33 million cases.

The company attributed growth to continued premiumisation within its portfolio and operational execution across markets, reflecting rising consumer demand for higher-value spirits in both retail and hospitality channels.

“FY26 marked a clear inflection point for the company, driven by premiumisation and operational execution. The Prestige and Above segment once again led our growth, reinforcing our focus on driving value over volume and strengthening our competitive positioning,” said Managing Director Abhishek Khaitan.

Looking ahead, the company said it continues to monitor the West Asia crisis while remaining optimistic about margin performance in FY27.

“We are confident of our margin expansion trajectory in FY27. The company's strategy is to continue to make prudent marketing investments over existing core brands and new launches to sustain the growth and market share,” the company said.