Radico Khaitan (RADICO) Q4 25/26 earnings summary

Executive summary

• Achieved record net revenue above ₹6,000 crore and EBITDA over ₹1,000 crore in FY 2026, driven by premiumisation, innovation, and disciplined execution.

• Prestige & Above segment led growth with over 28% volume increase and strong luxury and vodka brand launches.

• Continued investment in brand equity, digital marketing, and sustainability to deepen consumer engagement.

• Audited standalone and consolidated results for FY 2026 were approved with unmodified opinions.

• Final dividend of ₹9 per share recommended, pending shareholder approval at the 42nd AGM.

Financial highlights

• Net revenue from operations grew 24.7% year-over-year to ₹6,050.4 crore; Q4 revenue up 15.3% year-over-year.

• EBITDA increased 52.4% year-over-year to ₹1,018.5 crore, with margin up 305 bps to 16.8%.

• Standalone net profit for FY 2026 was ₹60,254 lakhs; consolidated net profit at ₹60,448 lakhs.

• Gross margin for Q4 was 48%, up 450 bps year-over-year; EBITDA margin at 19%, highest ever.

• Net debt reduced by ₹329.5 crore year-over-year; company targets net debt free by H1 FY2027.

Outlook and guidance

• Targeting 25% value growth in luxury portfolio and 20% volume growth in Prestige & Above for FY 2027.

• Expecting EBITDA margin expansion of 120-125 bps in FY 2027, supported by price increases, premiumisation, and cost discipline.

• CapEx planned at ₹160-175 crore, focused on maintenance and capacity optimization.

• Confident in sustaining margin expansion and industry-leading growth momentum in FY2027.

• Monitoring regulatory changes and geopolitical risks, especially in West Asia.