Radico Khaitan Limited, one of the largest spirits companies in India (referred to as “Radico Khaitan”
Chennai, India, July 28, 2021 – Radico Khaitan Limited, one of the largest spirits companies in India (referred to as “Radico Khaitan” or the “Company”), announces its results for the first quarter ended June 30, 2021.
Q1 FY22 Performance Summary
- Total IMFL volume of 5.61 Million Cases (+58.8% y-o-y)
- Prestige & Above brands volume of 1.48 Million Cases (+41.1% y-o-y)
- Prestige & Above brands contribution to the total IMFL volumes of 26.4% (vs. 29.7% in Q1 FY2021)
- Revenue from Operations (Net) of Rs.602.76 Cr (+47.3% y-o-y)
- EBITDA of Rs. 91.72 Cr (+21.9% y-o-y)
- EBITDA margin of 15.2%, up 54 bps from 14.7% in Q4 FY21
- Total comprehensive income of Rs. 59.55 Cr (+36.4% y-o-y)
Awards & Accolades
- The Millionaires’ Club: 8PM whisky was ranked the 9th largest whisky globally, Magic Moments vodka was ranked the 11th largest vodka, Contessa rum was ranked the 9th largest rum and Old Admiral brandy was ranked the 2nd largest brandy globally
- The Spirits Business Brand Champions: 8PM whisky was ranked the 5th best-selling and fastest growing Indian whisky, Magic Moments vodka was ranked the 13th best-selling vodka globally, Contessa rum was ranked the 11th best-selling rum globally and Old Admiral brandy was ranked number one best-selling brandy globally
Performance Overview
Above financials are on Standalone basis
Commenting on the performance, Dr. Lalit Khaitan, Chairman and Managing Director said:
“After closing FY2021 on a positive note, it is heartening to report a robust performance in Q1 FY2022. The disruptive second wave of the pandemic impacted businesses from the second half of April. However, we noted rebound in volumes by the second fortnight of June 2021. Teams across different divisions came together with resilience and strength to ensure seamless operations and continued dispatches. This has enabled us to outperform the industry yet another quarter.
This pandemic has tested the strength of our business model and we have emerged only stronger. We are looking ahead with a lot of optimism and are confident of making Radico Khaitan a leading global alcobev company.”
Commenting on the performance, Mr. Abhishek Khaitan, Managing Director said:
“Despite state level lock downs and supply chain challenges posed by COVID-19 in Q1 FY2022, we delivered a strong all-round performance. As restrictions are lifted and normalcy resumes, month-on-month volumes indicate a positive trend and we are confident of an improved industry performance, led by Prestige & Above segment, in the coming quarters. I am pleased to report that after a solid performance last year, Radico Khaitan became the largest IMFL exporter out of India during Q1 FY2022.
Radico Khaitan is focused on further strengthening its premium products portfolio through new launches in the coming quarters and ongoing marketing investments. We are progressing well on our strategic growth agenda which will create long term shareholders value.”
