Radico Khaitan Limited — Q2FY27 earnings call summary

Filed 03 November 2026 · Official transcript

Q2 FY27 IMFL volume over 10 million cases (+7% y-y), revenue Rs 1,746 Cr, EBITDA Rs 356 Cr, margin 20.4%
Confident of sustaining ~20% EBITDA margin for FY27 despite cost volatility
Prestige & Above portfolio volume grew 36% in Q2; upgraded FY27 P&A volume growth guidance to 30%
Margin expansion expected beyond FY27 driven by premiumization and operating leverage
Gross margin expanded 440 bps y-y to 48.0%; impacted by Rs 27 Cr packaging cost and grain price inflation
International presence expanded to 4 UK airports; target 100 travel retail outlets
Vodka market share rose to 6.3% in Q2; flavored vodka ~75% of portfolio; new flavors launched
Working capital increased temporarily for premium growth and raw material stocking