India's Radico Khaitan gains as JM Financial hikes target on strong growth outlook

JM Financial

25/09/2026 07:24

** Alcohol manufacturer Radico Khaitan RADC.NS shares rise as much as 2.65% to 4,600 rupees; last up 2%
** JM Financial reiterates "buy", raises PT to 5,190 rupees from 4,955 rupees, implying upside of 15.8%
** JM Financial's PT is fourth highest among 20 analysts tracking RADC with an average rating of "buy" and median PT of 4,725 rupees
** Brokerage projects sales growth remaining strong, as vodka category, in which RADC remains dominant leader, is seeing robust traction in India
** Sees enough headroom for growth, projecting 20% + volume CAGR for RADC over FY2026-FY2029, despite rising competitive intensity
** JM Financial says Radico can offset input inflation through better mix and UK-FTA benefits   
** RADC up 38.2% in 2026 so far, exchange data shows


 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))