ScoutQuest27 Oct 2026
Radico Khaitan532497Quarterly results

Radico Khaitan Q2 FY27: EBITDA up 51.0% to ₹356.5 crore as Prestige & Above volume jumps 35.8%; P&A guidance raised to 30%

Q2 FY27 net revenue up 16.8% to ₹1,745.1 Cr, EBITDA up 51.0% to ₹356.5 Cr, margin 20.4%; P&A volume up 35.8%.

By ScoutQuest · · 1 min read

704.6 (₹ Crore)
Q2 FY27₹ 356.5 CroreH1 FY27704.6 (₹ Crore)
EBITDA: ₹ 356.5 Crore (Q2 FY27) and 704.6 (₹ Crore) (H1 FY27).
Net Revenue
₹1,745.1 crore, up 16.8%
EBITDA and Margin
₹356.5 crore, up 51.0%; EBITDA margin 20.4%
FY27 P&A Volume Growth Guidance
Upgraded to 30%; EBITDA margin guidance reiterated at around 20%
Period
Q2 FY2027
Positioning
Radico Khaitan describes itself as a premium-led Indian spirits maker with eight millionaire brands, Magic Moments as India's largest vodka (~60% share), and presence in over 100 countries.

📈 Q2 FY27 revenue from operations (net) rose 16.8% to ₹1,745.1 crore, gross profit 28.6% to ₹838.4 crore and EBITDA 51.0% to ₹356.5 crore, with EBITDA margin at 20.4%. Total comprehensive income rose 67.1% to ₹230.3 crore. Total volume was 10.02 million cases, up 7.2%.

📉 Prestige & Above volume grew 35.8% to 5.28 million cases and made up 77.1% of IMFL revenue; the company says vodka volume grew 49% to 2.96 million cases, while regular volume fell 9.7% on Andhra Pradesh, Maharashtra and Karnataka changes.

🎯 Management states it is upgrading FY27 Prestige & Above volume growth guidance to 30% and reiterates EBITDA margin guidance of around 20%. It says it expects A&SP spend of around 6% to 8% of IMFL revenue and to be net debt free during H2 FY27.

🎯 Net debt was ₹175.4 crore at September 30, 2026, down ₹68.7 crore since March. The company says it built grain stocks to counter rising prices, raising working capital, and targets 100 travel retail outlets in coming years.

More numbers
  • Revenue from operations (net), Q2 FY27₹ 1,745.1 Crore
  • Revenue growth y-o-y, Q2 FY2716.8%
  • EBITDA, Q2 FY27₹ 356.5 Crore
  • EBITDA growth y-o-y, Q2 FY2751.0%
  • EBITDA margin, Q2 FY2720.4%
  • Gross profit, Q2 FY27₹ 838.4 Crore
  • Total comprehensive income, Q2 FY27₹ 230.3 Crore
  • Prestige & Above volume growth, Q2 FY2735.8%
  • Revenue from operations (net), H1 FY273,429.8 (₹ Crore)
  • EBITDA, H1 FY27704.6 (₹ Crore)
  • Basic EPS, Q2 FY2717.23
  • Net debt, September 30, 2026₹ 175.4 Crore
  • A&SP as % of IMFL sales, Q2 FY276.6%
  • Prestige & Above volume growth guidance, FY2730%
Source: BSE · 27 Oct 2026

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