Radico Khaitan logo

Radico Khaitan share price

NSE: RADICOBSE: 532497BeveragesMid Cap

Radico Khaitan Limited · Face value ₹2 · Listed Jun 2003
Last close ₹4,290.00up ₹90.00 (2.14%)BSE ₹4,275.00

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

52-week range of traded prices to 27 Oct 2026
₹2,500.00Low, 2 Mar 2026₹4,747.00High, 19 Aug 2026
Market cap
₹57,481 Cr218th largest listed
P/E
72.18
P/B
15.66
Dividend yield
0.21%
ROE
24.0%
ROCE
27.9%
Debt to equity
0.07
Volume, NSE
13,84,14945.5% delivered

Radico Khaitan share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

+33.5%over a year · Nifty FMCG −23.6% · Nifty 500 −8.8%

Results20-session average 3,68,533 shares a day, 51.1% 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

  • Magic Moments has over 60% of India's vodka market, the company says; it sold 3.25 million cases in the quarter to Jun 2026, up 43%.20
  • Jaisalmer Indian Craft Gin has a 50% share of the luxury gin market, the company says, and is sold in around 40 countries and 23 Indian states.21

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
    Itemyear to Mar 2026year to Mar 2025
    IMFL4,355.53,371.7
    Prestige & Above, within IMFL3,063.72,340.2
    Regular & Others, within IMFL1,262.5986.3
    Others, within IMFL29.445.2
    Non-IMFL1,694.91,479.4
  • 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

  • Magic Moments vodka grew 21% in volume to 8.6 million cases in the year to Mar 2026, with sales of around ₹1,500 crore.29
  • In the year to Mar 2026, After Dark whisky grew over 60% to more than 3.1 million cases, and Royal Ranthambore whisky grew over 50%.30

Where revenue comes from

  • Its brands are sold in over 100 countries and in about 63 travel retail outlets, such as duty-free shops; the company said exports are about 5% to 6% of its volume.3132
  • In India, it reaches over 100,000 retail outlets and 10,000 on-premises locations such as bars and restaurants.33

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. 1. Annual report, 14 Jul 2026, page 133
  2. 2. Annual report, 14 Jul 2026, page 23
  3. 3. Annual report, 14 Jul 2026, page 133
  4. 4. Annual report, 14 Jul 2026, page 74
  5. 5. Annual report, 14 Jul 2026, page 3
  6. 6. Earnings call, 29 Jul 2026, page 17
  7. 7. Annual report, 14 Jul 2026, page 311
  8. 8. Annual report, 14 Jul 2026, page 132
  9. 9. Annual report, 14 Jul 2026, page 83
  10. 10. Annual report, 14 Jul 2026, page 234
  11. 11. Investor presentation, 28 Jul 2026, page 4
  12. 12. Earnings call, 29 Jul 2026, page 6
  13. 13. Investor presentation, 28 Jul 2026, page 4
  14. 14. Earnings call, 29 Jul 2026, page 3
  15. 15. Investor presentation, 28 Jul 2026, page 6
  16. 16. Investor presentation, 28 Jul 2026, page 11
  17. 17. Annual report, 14 Jul 2026, page 39
  18. 18. Annual report, 14 Jul 2026, page 29
  19. 19. Annual report, 14 Jul 2026, page 29
  20. 20. Earnings call, 29 Jul 2026, page 4
  21. 21. Investor presentation, 28 Jul 2026, page 16
  22. 22. Annual report, 14 Jul 2026, page 74
  23. 23. Annual report, 14 Jul 2026, page 82
  24. 24. Annual report, 14 Jul 2026, page 82
  25. 25. Annual report, 14 Jul 2026, page 82
  26. 26. Investor presentation, 28 Jul 2026, page 4
  27. 27. Investor presentation, 28 Jul 2026, page 13
  28. 28. Annual report, 14 Jul 2026, page 82
  29. 29. Annual report, 14 Jul 2026, page 74
  30. 30. Annual report, 14 Jul 2026, page 74
  31. 31. Earnings call, 29 Jul 2026, page 17
  32. 32. Earnings call, 29 Jul 2026, page 18
  33. 33. Annual report, 14 Jul 2026, page 75
  34. 34. Annual report, 14 Jul 2026, page 75
  35. 35. Annual report, 14 Jul 2026, page 38
  36. 36. Annual report, 14 Jul 2026, page 42
  37. 37. Annual report, 14 Jul 2026, page 43
  38. 38. Annual report, 14 Jul 2026, page 75
  39. 39. Earnings call, 29 Jul 2026, page 5
  40. 40. Earnings call, 29 Jul 2026, page 14
  41. 41. Earnings call, 29 Jul 2026, page 7
  42. 42. Annual report, 14 Jul 2026, page 75
  43. 43. Earnings call, 29 Jul 2026, page 9
  44. 44. Earnings call, 29 Jul 2026, page 11
  45. 45. Exchange filing, 10 Jul 2026, page 1
  46. 46. Exchange filing, 5 Jun 2026, page 1
  47. 47. Exchange filing, 29 Oct 2025, page 1
  48. 48. Annual report, 14 Jul 2026, page 5
  49. 49. Annual report, 14 Jul 2026, page 82
  50. 50. Annual report, 14 Jul 2026, page 3
  51. 51. Annual report, 14 Jul 2026, page 83
  52. 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 months
+14.3%
Net profit growth, 12 months
+74.0%

Quarter to Sep 2026, against the quarter before

Revenue
₹5,583 Crdown 4.86%
Net profit
₹231 Crup 2.15%
Net margin
4.1%

Revenue by quarter

₹4,441 CrDec 24₹4,485 CrMar 25₹5,314 CrJun 25₹5,057 CrSep 25₹5,424 CrDec 25₹5,182 CrMar 26₹5,868 CrJun 26₹5,583 CrSep 26
Peak revenue ₹5,868 Cr, quarter to Jun 2026; lowest ₹4,441 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹96 CrDec 24₹91 CrMar 25₹133 CrJun 25₹139 CrSep 25₹155 CrDec 25₹175 CrMar 26₹226 CrJun 26₹231 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue4,4414,4855,3145,0575,4245,1825,8685,583
Net profit9691133139155175226231
Net margin2.2%2.0%2.5%2.7%2.9%3.4%3.9%4.1%
Standalone. The last eight quarters. The latest is shaded.

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

Price to earnings

At or below today's level on 68% of 2,478 trading days over the last 10 years.

LowestHighest
Its median43.75Industry median30.48
Price to book

At or below today's level on 96% of 1,984 trading days since Oct 2018.

LowestHighest
Its median7.12Industry median1.84
Dividend yield

At or below today's level on 35% of 2,387 trading days over the last 10 years.

LowestHighest
Its median0.25%Industry median0.79%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Radico Khaitan shareholding pattern

Shareholding by group

  • Promoters40.17%
  • Foreign institutions19.43%
  • Indian institutions27.17%
  • Individuals and others13.23%
Holder
SAPPHIRE INTREX LIMITEDPromoter33.87%
RAMPUR INTERNATIONAL LIMITEDPromoter3.92%
CLASSIC FINTREX PRIVATE LTDPromoter1.92%
TATA AIA LIFE INSURANCE COMPANY LIMITEDInsurance companies1.65%
TIMF HOLDINGSForeign portfolio investors, category I1.39%
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITYInvestor education fund1.26%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters −0.02 pts, foreign institutions +1.23 pts, Indian institutions −0.92 pts, mutual funds −0.65 pts.

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 time
8
Bought again
3
Added
71
Cut
64
Held unchanged
106
Sold out
5
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

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
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

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

Return on equity across, P/E up, size is market cap
Company
United Spirits logoUnited SpiritsUNITDSPR92,37449.0410.32+2.9%+24.4%22.1%22.2%1.34%
United Breweries logoUnited BreweriesUBL30,23762.426.63+5.1%+32.2%10.9%10.6%0.87%
Allied Blenders and Distillers logoAllied Blenders and DistillersABDL19,38884.9711.81−3.4%−11.2%14.3%15.5%0.78%
Tilaknagar Industries logoTilaknagar IndustriesTI12,126–4.07+98.9%−113.0%−1.9%7.1%0.20%
Piccadily Agro Industries logoPiccadily Agro IndustriesPICCADIL5,51139.216.12+29.7%+30.5%17.8%14.7%0.18%
Globus Spirits logoGlobus SpiritsGLOBUSSPR2,29422.82–+6.4%+298.5%9.6%11.3%0.90%
India Glycols logoIndia GlycolsINDIAGLYCO2,226––+11.4%+29.8%––0.46%
GM Breweries logoGM BreweriesGMBREW1,83910.621.62+23.3%+20.9%16.3%17.2%1.12%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

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

0.8Mar 171Mar 181.2Mar 192Mar 202.4Mar 213Mar 223Mar 233Mar 244Mar 259Mar 26
Highest ₹9.00 a share, year to Mar 2026.
Ex-dateTypePer share
24 Jul 2026Final₹9.00
24 Jul 2025Final₹4.00
25 Jul 2024Final₹3.00
14 Sep 2023Final₹3.00
21 Sep 2022Final₹3.00
20 Sep 2021Final₹2.40
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Radico Khaitan announcements

Radico Khaitan share price by year

Each calendar year to 2025.Radico Khaitan share price history

YearClose at year endChangeHighest closeLowest close
20253,298.40+26.6%3,376.001,890.75
20242,605.90+57.1%2,605.901,510.85
20231,658.25+63.8%1,720.851,013.60
20221,012.40−18.1%1,266.75739.80
20211,236.15+170.3%1,242.45456.50
2020457.30+45.9%473.65243.55
2019313.50−21.7%441.75268.95
2018400.45+36.3%493.35292.15
2017293.90+162.4%297.60107.90
2016112.00−6.3%145.8584.10
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 20264,150.004,259.004,107.804,200.004,196.854,81,01457.2%
23 Oct 20264,200.004,200.304,025.004,157.304,121.384,97,20351.6%
22 Oct 20264,283.804,327.504,185.204,201.304,254.493,09,36750.1%
21 Oct 20264,473.604,473.604,261.204,356.104,332.082,31,71547.4%
19 Oct 20264,473.404,504.004,403.004,435.504,463.331,43,05545.1%
16 Oct 20264,429.904,487.504,414.504,473.404,455.781,98,07549.0%
15 Oct 20264,557.004,607.704,319.104,449.004,468.413,83,25255.7%
14 Oct 20264,541.004,613.004,534.304,554.104,578.362,21,90549.4%
13 Oct 20264,559.004,571.904,512.004,540.004,535.331,00,64640.1%
Prices in ₹ per share as traded, not adjusted.

Company details