{"id":136960,"date":"2022-11-18T07:28:03","date_gmt":"2022-11-18T12:28:03","guid":{"rendered":"https:\/\/44.250.171.167\/?p=136960"},"modified":"2022-11-18T07:28:04","modified_gmt":"2022-11-18T12:28:04","slug":"radico-khaitan-limited-q2-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/radico-khaitan-limited-q2-fy23-earnings-conference-call-insights\/","title":{"rendered":"Radico Khaitan Limited Q2 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Radico Khaitan Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/RADICO\/\">RADICO<\/a>) Q2 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:11:28] Harit Kapoor from Investec asked about the quantum of price increase in West Bengal and the weighted average number. Abhishek Khaitan MD replied that the current price increase in West Bengal is effective on current date of 12%.So weighted avg. is about 25 bp. RADICO is expecting some more price increases in large southern states.<\/li>\n<\/ul>\n<ul>\n<li>[00:20:25] Abneesh Roy from Nuvama asked about the recent launches if RADICO needs to expand distribution and the pricing status in Bangalore. Abhishek Khaitan MD said the company has launched it at INR150 a can. And once the response to the product is known, RADICO said it will have to tap the depth of distribution. Once that\u2019s studied, RADICO will go to the other big markets.<\/li>\n<\/ul>\n<ul>\n<li>[00:24:08] Vivek Sharma from PGIM India asked about capex that gets over in Dec., what portion of RADICO\u2019s E&amp;A needs would come from captive. Abhishek Khaitan MD answered that the increased capacity will be used on the UPML. In interim RADICO has to sell some exports from E&amp;A and local users. Rest will be used by RADICO.<\/li>\n<\/ul>\n<ul>\n<li>[00:25:41] Vivek Sharma of PGIM India asked about the GM of the UPLM segment currently. Abhishek Khaitan MD answered that without the price increase there is a negative impact and RADICO is losing presently around 6-7% on account of that.<\/li>\n<\/ul>\n<ul>\n<li>[00:26:36] Vivek Sharma of PGIM India enquired about the delay in the UPML price hike. Abhishek Khaitan MD clarified that UP govt. has some processes to be followed and there is an assurance from the authorities that it will be made good, probably in a month or longer.<\/li>\n<\/ul>\n<ul>\n<li>[00:27:32] Mehul with JM Financial enquired about the non-IMFL segment, how much EBITDA contribution comes from it. Abhishek Khaitan MD replied that traditionally RADICO was making around 9-10% on this segment, EBITDA contribution and currently the company is making loss at the EBITDA level.<\/li>\n<\/ul>\n<ul>\n<li>[00:31:10] Pritesh Chheda of Lucky Investment asked about GM at the company level for UP country liquor after the price hike. Abhishek Khaitan MD answered that there is already cost push. Traditionally RADICO was making 8-10% EBITDA margin on that business and that\u2019s the margin that\u2019s perfect and optimum.<\/li>\n<\/ul>\n<ul>\n<li>[00:39:58] Kaustubh Pawaskar from Sharekhan asked about the benefit RADICO got from the rationalization of regular brand volumes in 2Q23 and if it will continue. Abhishek Khaitan MD answered that the rationalization in the regular category is a mix of where the margins are wafer thin, RADICO has cut down on its volumes.<\/li>\n<\/ul>\n<ul>\n<li>[00:41:51] Gaurav Lohia of Bowhead India enquired about royalty volumes, of the 1.03 million cases, how much would be P&amp;A volume and regular volume. Abhishek Khaitan MD replied that it is 60% regular and 40% P&amp;A.<\/li>\n<\/ul>\n<ul>\n<li>[00:45:02] Abhishek Jain of Arihant Capital asked if the company has taken any price hikes in UP and the quantum of it. Abhishek Khaitan MD said that in UP the company got a price increase in the IMFL segment of about close to 10% overall, which it got in 1st April. And in non-IMFL business, price increase is expected to come.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Radico Khaitan Limited (RADICO) Q2 FY23 Earnings Concall Q&amp;A Highlights: [00:11:28] Harit Kapoor from Investec asked about the quantum of price increase in West Bengal and the weighted average number. Abhishek Khaitan MD replied that the current price increase in West Bengal is effective on current date of 12%.So weighted avg. is [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Radico Khaitan Limited Q2 FY23 Earnings Conference Call Insights #RADICO #Q2 #FY23 #Earnings #Stocks","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,12],"tags":[8208,10169],"class_list":["post-136960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-other-industries","tag-brewers-distillers","tag-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":123776,"url":"https:\/\/alphastreet.com\/india\/radico-khaitan-ltd-radico-q4-fy21-earnings-concall\/","url_meta":{"origin":136960,"position":0},"title":"Radico Khaitan Ltd (RADICO) Q4 FY21 Earnings Concall","author":"Sahil_Anand","date":"June 2, 2021","format":false,"excerpt":"Radico Khaitan Ltd (NSE:RADICO) Q4 FY21 Earnings Concall dated June 02, 2021","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Radico-Khaitan-Limited-Q4-FY21-Earnings-Concall.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Radico-Khaitan-Limited-Q4-FY21-Earnings-Concall.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Radico-Khaitan-Limited-Q4-FY21-Earnings-Concall.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Radico-Khaitan-Limited-Q4-FY21-Earnings-Concall.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Radico-Khaitan-Limited-Q4-FY21-Earnings-Concall.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Radico-Khaitan-Limited-Q4-FY21-Earnings-Concall.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":148133,"url":"https:\/\/alphastreet.com\/india\/radico-khaitan-ltd-q4fy23-results-out-revenue-grows-by-over-2\/","url_meta":{"origin":136960,"position":1},"title":"Radico Khaitan Ltd Q4FY23 results out, revenue grows by over 2%","author":"Chirag Gupta","date":"June 2, 2023","format":false,"excerpt":"Incorporated in the year 1943, Radico Khaitan is one of the most recognised IMFL (Indian Made Foreign Liquor) brands in India. The company was initially known as Rampur Distillery Company and was focussed on distillation and bottling for branded players and canteen stores of armed forces. Later on in the\u2026","rel":"","context":"In &quot;Consumer&quot;","block_context":{"text":"Consumer","link":"https:\/\/alphastreet.com\/india\/category\/consumer-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":142724,"url":"https:\/\/alphastreet.com\/india\/radico-khaitan-limited-q3fy23-earnings-story\/","url_meta":{"origin":136960,"position":2},"title":"Radico Khaitan Limited Q3FY23 Earnings Story","author":"Karan_Singh","date":"February 24, 2023","format":false,"excerpt":"One of the most recognisable Indian Manufactured Foreign Liquor brands is Radico Khaitan, which was founded in 1943. Formerly called as Rampur Distillery Company, the business specialised in distilling and bottling alcoholic beverages for branded players and military canteens. Later in 1997, Radico Khaitan forayed into its own line of\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1088445548.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":168981,"url":"https:\/\/alphastreet.com\/india\/radico-khaitan-ltd-q4fy25-60-rise-in-profits\/","url_meta":{"origin":136960,"position":3},"title":"Radico Khaitan Ltd Q4FY25; 60% rise in Profits","author":"Chirag Gupta","date":"July 1, 2025","format":false,"excerpt":"Incorporated in the year 1943, Radico Khaitan is one of the most recognised IMFL (Indian Made Foreign Liquor) brands in India. Financial Results: Radico Khaitan Ltd reported Revenues for Q4FY25 of \u20b91,304.00 Crores up from \u20b91,079.00 Crore year on year, a rise of 20.85%. Total Expenses for Q4FY25 of \u20b91,184.00\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/3.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/3.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/3.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/3.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":161140,"url":"https:\/\/alphastreet.com\/india\/radico-khaitan-ltd-q4fy24-54-rise-in-profits\/","url_meta":{"origin":136960,"position":4},"title":"Radico Khaitan Ltd Q4FY24; 54% rise in Profits","author":"Chirag Gupta","date":"May 14, 2024","format":false,"excerpt":"Incorporated in the year 1943, Radico Khaitan is one of the most recognised IMFL (Indian Made Foreign Liquor) brands in India. Financial Results: Radico Khaitan Ltd reported Revenues for Q4FY24 of \u20b91,079.00 Crores up from \u20b9832.00 Crore year on year, a rise of 29.69%. Total Expenses for Q4FY24 of \u20b91,005.00\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/05\/image-102.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/05\/image-102.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/05\/image-102.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/05\/image-102.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/05\/image-102.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/05\/image-102.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":156496,"url":"https:\/\/alphastreet.com\/india\/radico-khaitan-ltd-q2fy24-19-rise-in-profits\/","url_meta":{"origin":136960,"position":5},"title":"Radico Khaitan Ltd Q2FY24; 19% rise in Profits","author":"Chirag Gupta","date":"November 21, 2023","format":false,"excerpt":"Incorporated in the year 1943, Radico Khaitan is one of the most recognised IMFL (Indian Made Foreign Liquor) brands in India. Financial Results: Radico Khaitan Ltd reported Revenues for Q2FY24 of \u20b9925.00 Crores up from \u20b9761.00 Crore year on year, a rise of 21.55%. Total Expenses for Q2FY24 of \u20b9842.00\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-270.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-270.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-270.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-270.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-270.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-270.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/136960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=136960"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/136960\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=136960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=136960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=136960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}