Radico Khaitan share price
NSE: RADICOBSE: 532497BeveragesMid Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹4,200.00.
27 Oct: open ₹4,198.00, high ₹4,365.40, low ₹4,194.30
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹57,481 Cr218th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 72.18
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 15.66
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.21%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 24.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 27.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.07
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 13,84,14945.5% delivered
About Radico Khaitan
Radico Khaitan Limited makes spirits and sells them in India and abroad, mainly Indian Made Foreign Liquor (IMFL), the whisky, vodka, rum, gin and brandy made in India.1 Its brands include Magic Moments vodka, Rampur Indian Single Malt and Jaisalmer Indian Craft Gin.2 It sells to state governments and their corporations, the Canteen Stores Department that supplies the armed forces, wholesalers and retailers, and hotels, clubs and restaurants.3
The business was established in 1943 as a bulk spirits supplier, and the company was incorporated in 1983.45 It moved to its own brands with the launch of 8PM whisky in 1998, and says it has built all its brands itself and never bought one.246
It reports one business segment, liquor and alcohol, and besides IMFL it makes industrial alcohol, country liquor and fertilisers.78 Its distilleries are at Rampur and Sitapur in Uttar Pradesh and, through Radico NV Distilleries Maharashtra Limited, a joint venture in which it holds 36%, at Aurangabad.49 Lalit Khaitan is Chairman and Managing Director, and Abhishek Khaitan is Managing Director.10
Radico Khaitan key points
Results
- In the quarter to Jun 2026, standalone net revenue from operations (sales after excise duty) rose 11.8% to ₹1,683.7 crore, and EBITDA (earnings before interest, tax, depreciation and amortisation) rose 50.9% to ₹348.1 crore, a margin of 20.7%.1112
- Total IMFL volume rose 2.8% to 10 million cases, and total comprehensive income (profit including gains booked directly to equity) rose 70.5% to ₹225.4 crore; the company said the quarter's volume, net sales and EBITDA were its highest ever.131415
- In the year to Mar 2026, standalone net revenue from operations, as the company presents it, rose 24.7% to ₹6,050.4 crore, EBITDA ₹1,018.5 crore, the first above ₹6,000 crore and ₹1,000 crore; total comprehensive income ₹600.3 crore.161718
- Return on equity (profit over shareholders' funds) was 20% and return on capital employed (operating profit over equity plus debt) 25% in the year to Mar 2026; the board's policy is to pay at least 20% of profit after tax as dividend.19
Market position
Revenue mix
- Prestige & Above, its higher-priced brands, rose 28.5% in volume to 16.7 million cases in the year to Mar 2026, about 46% of IMFL volume and 70% of IMFL sales value; total IMFL volume rose 22.2% to 38.3 million cases.2223
- Standalone net revenue from operations by type (₹ crore)2425
Item year to Mar 2026 year to Mar 2025 IMFL 4,355.5 3,371.7 Prestige & Above, within IMFL 3,063.7 2,340.2 Regular & Others, within IMFL 1,262.5 986.3 Others, within IMFL 29.4 45.2 Non-IMFL 1,694.9 1,479.4 - In the quarter to Jun 2026, Prestige & Above volume rose 35.8% to 5.22 million cases and its net revenue rose 36.0%.2627
- Luxury and semi-luxury brands sold ₹475 crore in the year to Mar 2026, against ₹340 crore a year earlier.28
Brands
Where revenue comes from
Plants and capacity
- It has 10 distilleries, 6 at Rampur, 1 at Sitapur and 3 at its Aurangabad joint venture, with total capacity of 323 million litres including the joint venture.34
- Its products are bottled at 42 units, 5 of them its own and 37 under contract or royalty.3536
- It makes PET plastic bottles at 2 plants, in Uttarakhand and Telangana, with capacity of 700 million units a year, and prints glass bottles at 3 units with capacity of 10 million cases.363738
What the company expects
- On its earnings call of 29 Jul 2026, the company said it expects Prestige & Above volume growth of over 25% in the year to Mar 2027, raised from 20%, and an EBITDA margin of around 20%.3940
- On its earnings call of 29 Jul 2026, the company said its luxury and semi-luxury portfolio was on target for 25% growth in sales value in the year to Mar 2027.4142
- On its earnings call of 29 Jul 2026, the company said maintenance capital spending (spending to keep existing plants running) would be ₹150 crore to ₹170 crore, and that it had no plans for another capacity expansion for now.4344
Recent events
- On 10 Jul 2026, CARE Ratings reaffirmed its CARE AA credit rating on the company's long-term bank facilities and raised the outlook from stable to positive.45
- On 5 Jun 2026, the company said the National Company Law Tribunal had waived shareholder and creditor meetings for the merger of its wholly owned subsidiaries into it, approved by its board on 29 Oct 2025.4647
- On 6 May 2026, the board recommended a dividend of ₹9 per share for the year to Mar 2026, against ₹4 a year earlier, subject to approval at the general meeting of 7 Aug 2026; the company's documents give no outcome.484950
- The company took 47.5% of each of D'YAVOL Spirits BV (Netherlands) and D'YAVOL Spirits Private Limited, joint ventures since 12 Oct 2025 and 3 Dec 2025, as the largest shareholder, and said it plans to take over their worldwide marketing and distribution.5152
Last updated
All 52 sources, each with its page
- 1. Annual report, 14 Jul 2026, page 133
- 2. Annual report, 14 Jul 2026, page 23
- 3. Annual report, 14 Jul 2026, page 133
- 4. Annual report, 14 Jul 2026, page 74
- 5. Annual report, 14 Jul 2026, page 3
- 6. Earnings call, 29 Jul 2026, page 17
- 7. Annual report, 14 Jul 2026, page 311
- 8. Annual report, 14 Jul 2026, page 132
- 9. Annual report, 14 Jul 2026, page 83
- 10. Annual report, 14 Jul 2026, page 234
- 11. Investor presentation, 28 Jul 2026, page 4
- 12. Earnings call, 29 Jul 2026, page 6
- 13. Investor presentation, 28 Jul 2026, page 4
- 14. Earnings call, 29 Jul 2026, page 3
- 15. Investor presentation, 28 Jul 2026, page 6
- 16. Investor presentation, 28 Jul 2026, page 11
- 17. Annual report, 14 Jul 2026, page 39
- 18. Annual report, 14 Jul 2026, page 29
- 19. Annual report, 14 Jul 2026, page 29
- 20. Earnings call, 29 Jul 2026, page 4
- 21. Investor presentation, 28 Jul 2026, page 16
- 22. Annual report, 14 Jul 2026, page 74
- 23. Annual report, 14 Jul 2026, page 82
- 24. Annual report, 14 Jul 2026, page 82
- 25. Annual report, 14 Jul 2026, page 82
- 26. Investor presentation, 28 Jul 2026, page 4
- 27. Investor presentation, 28 Jul 2026, page 13
- 28. Annual report, 14 Jul 2026, page 82
- 29. Annual report, 14 Jul 2026, page 74
- 30. Annual report, 14 Jul 2026, page 74
- 31. Earnings call, 29 Jul 2026, page 17
- 32. Earnings call, 29 Jul 2026, page 18
- 33. Annual report, 14 Jul 2026, page 75
- 34. Annual report, 14 Jul 2026, page 75
- 35. Annual report, 14 Jul 2026, page 38
- 36. Annual report, 14 Jul 2026, page 42
- 37. Annual report, 14 Jul 2026, page 43
- 38. Annual report, 14 Jul 2026, page 75
- 39. Earnings call, 29 Jul 2026, page 5
- 40. Earnings call, 29 Jul 2026, page 14
- 41. Earnings call, 29 Jul 2026, page 7
- 42. Annual report, 14 Jul 2026, page 75
- 43. Earnings call, 29 Jul 2026, page 9
- 44. Earnings call, 29 Jul 2026, page 11
- 45. Exchange filing, 10 Jul 2026, page 1
- 46. Exchange filing, 5 Jun 2026, page 1
- 47. Exchange filing, 29 Oct 2025, page 1
- 48. Annual report, 14 Jul 2026, page 5
- 49. Annual report, 14 Jul 2026, page 82
- 50. Annual report, 14 Jul 2026, page 3
- 51. Annual report, 14 Jul 2026, page 83
- 52. Annual report, 14 Jul 2026, page 267
Results
Standalone, as consolidated accounts are on record for only 7 of the last ten years; ₹ crore.Radico Khaitan quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +14.3%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +74.0%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹5,583 Crdown 4.86%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹231 Crup 2.15%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 4.1%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,441what Revenue, Dec 2024, includes. This period's revenue includes excise duty of ₹3,147 crore, a tax on the goods the company makes that it collects and pays to the government. | 4,485what Revenue, Mar 2025, includes. This period's revenue includes excise duty of ₹3,181 crore, a tax on the goods the company makes that it collects and pays to the government. | 5,314what Revenue, Jun 2025, includes. This period's revenue includes excise duty of ₹3,807 crore, a tax on the goods the company makes that it collects and pays to the government. | 5,057what Revenue, Sep 2025, includes. This period's revenue includes excise duty of ₹3,563 crore, a tax on the goods the company makes that it collects and pays to the government. | 5,424what Revenue, Dec 2025, includes. This period's revenue includes excise duty of ₹3,877 crore, a tax on the goods the company makes that it collects and pays to the government. | 5,182what Revenue, Mar 2026, includes. This period's revenue includes excise duty of ₹3,679 crore, a tax on the goods the company makes that it collects and pays to the government. | 5,868what Revenue, Jun 2026, includes. This period's revenue includes excise duty of ₹4,184 crore, a tax on the goods the company makes that it collects and pays to the government. | 5,583what Revenue, Sep 2026, includes. This period's revenue includes excise duty of ₹3,838 crore, a tax on the goods the company makes that it collects and pays to the government. |
| Net profit | 96 | 91 | 133 | 139 | 155 | 175 | 226 | 231 |
| Net margin | 2.2% | 2.0% | 2.5% | 2.7% | 2.9% | 3.4% | 3.9% | 4.1% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹20,976 Crup 22.68%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹603 Crup 74.55%
- Net margin
- 2.9%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2024, the company's revenue for that year, ₹15,484 Cr, differs from its quarters added, ₹15,879 Cr.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,868 | 6,270 | 8,058 | 9,418 | 10,367 | 12,471what Revenue, Mar 2022, includes. This period's revenue includes excise duty of ₹9,602 crore, a tax on the goods the company makes that it collects and pays to the government. | 12,744what Revenue, Mar 2023, includes. This period's revenue includes excise duty of ₹9,601 crore, a tax on the goods the company makes that it collects and pays to the government. | 15,484what Revenue, Mar 2024, includes. This period's revenue includes excise duty of ₹11,365 crore, a tax on the goods the company makes that it collects and pays to the government. | 17,099what Revenue, Mar 2025, includes. This period's revenue includes excise duty of ₹12,247 crore, a tax on the goods the company makes that it collects and pays to the government. | 20,976what Revenue, Mar 2026, includes. This period's revenue includes excise duty of ₹14,926 crore, a tax on the goods the company makes that it collects and pays to the government. |
| Net profit | 81 | 123 | 188 | 228 | 271 | 252 | 204 | 256 | 345 | 603 |
| Net margin | 1.7% | 2.0% | 2.3% | 2.4% | 2.6% | 2.0% | 1.6% | 1.7% | 2.0% | 2.9% |
Business segments
In the year to Mar 2026 the company reports one business segment, Alcohol and Alcoholic Beverages, which carries all its revenue.
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2024: days before it are of the company before the change.Radico Khaitan PE ratio and valuation
At or below today's level on 68% of 2,478 trading days over the last 10 years.
At or below today's level on 96% of 1,984 trading days since Oct 2018.
At or below today's level on 35% of 2,387 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +8.6% | +74.4% | −37.9% | 0.3% |
| 3 years | +30.3% | +43.3% | −9.2% | 0.2% |
| 5 years | +36.5% | +17.3% | +16.1% | 0.3% |
Mutual fund holdings
253 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 86 of the 135 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 253 funds holding Radico Khaitan
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 8
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 3
- AddedAdded. Funds that held more shares than at the end of the month before.
- 71
- CutCut. Funds that held fewer shares than at the end of the month before.
- 64
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 106
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 5
| Fund | |||
|---|---|---|---|
| 15,70,175 | 2.26% | ₹685.5 Cr | |
| 13,73,311 | 1.79% | ₹599.6 Cr | |
| 12,77,384 | 0.69% | ₹557.7 Cr | |
| 11,11,409 | 2.89% | ₹485.2 Cr | |
| 10,89,195 | 0.95% | ₹475.5 Cr | |
| 8,83,990 | 1.38% | ₹386.0 Cr | |
| 8,50,000 | 2.63% | ₹371.1 Cr | |
| 8,47,135 | 5.19% | ₹369.9 Cr | |
| 7,84,547 | 1.85% | ₹342.5 Cr | |
| 7,57,467 | 1.72% | ₹330.7 Cr |
Promoter and insider buying and selling
Trades made since 28 Oct 2025.Radico Khaitan insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade · 35 pledge filings of unclear kind
Radico Khaitan competitors and peers
Breweries & Distilleries, 29 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Radico Khaitan in market cap.FMCG companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 92,374 | 49.04 | 10.32 | +2.9% | +24.4% | 22.1% | 22.2% | 1.34% | |
| 30,237 | 62.42 | 6.63 | +5.1% | +32.2% | 10.9% | 10.6% | 0.87% | |
| 19,388 | 84.97 | 11.81 | −3.4% | −11.2% | 14.3% | 15.5% | 0.78% | |
| 12,126 | – | 4.07 | +98.9% | −113.0% | −1.9% | 7.1% | 0.20% | |
| 5,511 | 39.21 | 6.12 | +29.7% | +30.5% | 17.8% | 14.7% | 0.18% | |
| 2,294 | 22.82 | – | +6.4% | +298.5% | 9.6% | 11.3% | 0.90% | |
| 2,226 | – | – | +11.4% | +29.8% | – | – | 0.46% | |
| 1,839 | 10.62 | 1.62 | +23.3% | +20.9% | 16.3% | 17.2% | 1.12% |
Dividends
Per share, by the year it was paid for, and the latest payments.Radico Khaitan dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 24 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹9.00 |
| 24 Jul 2025 | Final | ₹4.00 |
| 25 Jul 2024 | Final | ₹3.00 |
| 14 Sep 2023 | Final | ₹3.00 |
| 21 Sep 2022 | Final | ₹3.00 |
| 20 Sep 2021 | Final | ₹2.40 |
Latest announcements
Routine notices left out.Radico Khaitan announcements
Oct 2026
16 Oct · General Updates
14 Oct · Analysts
Radico Khaitan share price by year
Each calendar year to 2025.Radico Khaitan share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 3,298.40 | +26.6% | 3,376.00 | 1,890.75 |
| 2024 | 2,605.90 | +57.1% | 2,605.90 | 1,510.85 |
| 2023 | 1,658.25 | +63.8% | 1,720.85 | 1,013.60 |
| 2022 | 1,012.40 | −18.1% | 1,266.75 | 739.80 |
| 2021 | 1,236.15 | +170.3% | 1,242.45 | 456.50 |
| 2020 | 457.30 | +45.9% | 473.65 | 243.55 |
| 2019 | 313.50 | −21.7% | 441.75 | 268.95 |
| 2018 | 400.45 | +36.3% | 493.35 | 292.15 |
| 2017 | 293.90 | +162.4% | 297.60 | 107.90 |
| 2016 | 112.00 | −6.3% | 145.85 | 84.10 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 4,150.00 | 4,259.00 | 4,107.80 | 4,200.00 | 4,196.85 | 4,81,014 | 57.2% |
| 23 Oct 2026 | 4,200.00 | 4,200.30 | 4,025.00 | 4,157.30 | 4,121.38 | 4,97,203 | 51.6% |
| 22 Oct 2026 | 4,283.80 | 4,327.50 | 4,185.20 | 4,201.30 | 4,254.49 | 3,09,367 | 50.1% |
| 21 Oct 2026 | 4,473.60 | 4,473.60 | 4,261.20 | 4,356.10 | 4,332.08 | 2,31,715 | 47.4% |
| 19 Oct 2026 | 4,473.40 | 4,504.00 | 4,403.00 | 4,435.50 | 4,463.33 | 1,43,055 | 45.1% |
| 16 Oct 2026 | 4,429.90 | 4,487.50 | 4,414.50 | 4,473.40 | 4,455.78 | 1,98,075 | 49.0% |
| 15 Oct 2026 | 4,557.00 | 4,607.70 | 4,319.10 | 4,449.00 | 4,468.41 | 3,83,252 | 55.7% |
| 14 Oct 2026 | 4,541.00 | 4,613.00 | 4,534.30 | 4,554.10 | 4,578.36 | 2,21,905 | 49.4% |
| 13 Oct 2026 | 4,559.00 | 4,571.90 | 4,512.00 | 4,540.00 | 4,535.33 | 1,00,646 | 40.1% |
Company details
- NSE symbol
- RADICO
- BSE code
- 532497
- ISIN
- INE944F01028
- Industry
- Beverages
- Website
- www.radicokhaitan.com
- CIN
- L26941UP1983PLC027278
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1983
- Registered office
- Bareilly Road, Rampur 244901, Uttar Pradesh
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments