{"id":177212,"date":"2026-01-23T04:06:27","date_gmt":"2026-01-23T09:06:27","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=177212"},"modified":"2026-01-23T04:06:30","modified_gmt":"2026-01-23T09:06:30","slug":"radico-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/radico-q3-fy26-earnings-results\/","title":{"rendered":"Radico Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>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.<\/p>\n\n\n\n<p>Later on in the year 1997, Radico Khaitan ventured into its own branded IMFL products and launched its first brand 8PM whisky which became its millionarie brand within a year of its launch.<\/p>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q3 FY26 Earnings Result<\/strong>s<\/h2>\n\n\n\n<p>Radico Khaitan reported its strongest-ever quarterly performance in Q3 FY26 with record revenue, EBITDA and net profit, driven by 16.7% volume growth and premiumisation.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue from Operations (Net)<\/strong>: \u20b91,546.7 crore, up 19.5% YoY from \u20b91,294.2 crore; up 3.6% QoQ from \u20b91,493.9 crore.<\/li>\n\n\n\n<li><strong>Gross Profit<\/strong>: \u20b9719.4 crore, up 29.2% YoY from \u20b9556.8 crore; gross margin 46.5% (up 350 bps YoY).<\/li>\n\n\n\n<li><strong>EBITDA<\/strong>: \u20b9265.4 crore, up 44.9% YoY from \u20b9183.2 crore; EBITDA margin 17.2% (up 300 bps YoY).<\/li>\n\n\n\n<li><strong>Profit Before Tax (PBT)<\/strong>: \u20b9206.6 crore, up 59.0% YoY from \u20b9129.9 crore.\u200b<\/li>\n\n\n\n<li><strong>Total Comprehensive Income (PAT)<\/strong>: \u20b9153.7 crore, up 61.1% YoY from \u20b995.4 crore; EPS \u20b911.59 (up 61.5% YoY).<\/li>\n\n\n\n<li><strong>Volumes<\/strong>: Total 9.75 million cases (up 16.7% YoY); Prestige &amp; Above \u20b9838.3 crore (up 29.4% YoY); IMFL revenue \u20b91,139.7 crore (up 27.6% YoY).<\/li>\n\n\n\n<li><strong>9M FY26<\/strong>: Strong momentum with net debt reduced by \u20b9208.5 crore to \u20b9365 crore.\u200b<\/li>\n<\/ul>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Strategic Decisions \u2013 Q3 FY26<\/strong><\/h2>\n\n\n\n<p>Management attributed record results to benign raw material costs, premiumisation and operational leverage; expects 20\u201325% volume growth for FY26 close.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Net Debt Reduction<\/strong>: \u20b9208.5 crore YoY to \u20b9365 crore (total debt \u20b9457.9 crore, cash \u20b992.9 crore).\u200b<\/li>\n\n\n\n<li><strong>Guidance<\/strong>: FY26 volume growth 20\u201325%; continued focus on Prestige brands (Magic Moments Vodka, After Dark Whisky, Royal Ranthambore).\u200b<\/li>\n\n\n\n<li><strong>Outlook<\/strong>: Brokerages <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/8643325a-0b0d-4c47-8789-250258bd10d2.pdf\" target=\"_blank\" rel=\"noopener\">positive on margin expansion<\/a> (gross margin 46.5%) and market share gains in premium segment.\u200b<\/li>\n<\/ul>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q2 FY26 Earnings Results <\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue from Operations (Net)<\/strong>: \u20b91,493.9 crore, up 33.8% YoY from \u20b91,116.3 crore.<\/li>\n\n\n\n<li><strong>EBITDA<\/strong>: \u20b9236.1 crore, up 45.4% YoY from \u20b9162.4 crore; margin 15.8% (up 126 bps YoY).<\/li>\n\n\n\n<li><strong>Total Comprehensive Income (PAT)<\/strong>: \u20b9137.8 crore, up 68.9% YoY from \u20b981.6 crore; EPS \u20b910.38 (up 68.9% YoY).\u200b<\/li>\n\n\n\n<li><strong>Volumes<\/strong>: Total IMFL 9.34 million cases (up 37.8% YoY); Prestige &amp; Above strong growth.\u200b<\/li>\n<\/ul>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Strategic Directions \u2013 Q2 FY26<\/strong><\/h2>\n\n\n\n<p>Q2 delivered robust 34% revenue growth and 69% PAT surge, outperforming peers through premium focus and cost discipline.<\/p>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 year 1997, Radico Khaitan ventured [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","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":[105,6351],"tags":[12489],"class_list":["post-177212","post","type-post","status-publish","format-standard","hentry","category-infographics","category-consumer-stocks","tag-alcoholic-beverages"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":142724,"url":"https:\/\/alphastreet.com\/india\/radico-khaitan-limited-q3fy23-earnings-story\/","url_meta":{"origin":177212,"position":0},"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":148133,"url":"https:\/\/alphastreet.com\/india\/radico-khaitan-ltd-q4fy23-results-out-revenue-grows-by-over-2\/","url_meta":{"origin":177212,"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":170509,"url":"https:\/\/alphastreet.com\/india\/radico-khaitan-q1-fy26-earnings-results\/","url_meta":{"origin":177212,"position":2},"title":"Radico Khaitan Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"August 22, 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. Presenting below are its Q1 FY26 earnings results. \u00a0 Q1 FY26 Earnings Results Revenue from Operations (Net): \u20b91,506 crores, up 32.4% YoY (Q1 FY25: \u20b91,136.5 crores) and up 15.5%\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Radico Khaitan Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-16.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-16.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-16.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-16.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-16.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-16.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":136960,"url":"https:\/\/alphastreet.com\/india\/radico-khaitan-limited-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":177212,"position":3},"title":"Radico Khaitan Limited Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"November 18, 2022","format":false,"excerpt":"Key highlights from Radico Khaitan Limited (RADICO) Q2 FY23 Earnings Concall Q&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\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":177258,"url":"https:\/\/alphastreet.com\/india\/radico-khaitan-limited-q3-2026-results-highlight-broad-growth-in-revenues\/","url_meta":{"origin":177212,"position":4},"title":"Radico Khaitan Limited &#8211; Q3 2026 Results Highlight Broad Growth in Revenues","author":"Staff Correspondent","date":"January 23, 2026","format":false,"excerpt":"Radico Khaitan Limited (RADICO), manufacturer of alcoholic beverages, reported unaudited financial results for Q3 2026 ended December 31, 2025. The company delivered broad growth in revenue, volume, and profitability year-over-year. Q3 2026 Financial Performance Consolidated revenue from operations increased 22.1% sequentially to \u20b95,423.8 crore. Net revenue from operations rose 19.5%\u2026","rel":"","context":"In &quot;Retail&quot;","block_context":{"text":"Retail","link":"https:\/\/alphastreet.com\/india\/category\/retail-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":168981,"url":"https:\/\/alphastreet.com\/india\/radico-khaitan-ltd-q4fy25-60-rise-in-profits\/","url_meta":{"origin":177212,"position":5},"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":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/177212","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\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=177212"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/177212\/revisions"}],"predecessor-version":[{"id":177216,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/177212\/revisions\/177216"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=177212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=177212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=177212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}