India's Radico Khaitan posts quarterly profit rise on strong demand for premium alcohol

United Breweries

31/07/2025 10:14

July 31 (Reuters) - India's Radico Khaitan RADC.NS posted a 73% surge in quarterly profit on Thursday, as the liquor maker benefited from a strong demand for its premium products such as its "Rampur" brand of whisky.

Consolidated profit rose to 1.31 billion rupees ($14.95 million) for the quarter ended June 30 from 753.8 million rupees a year earlier.

Volume at its costlier "Prestige & Above" segment surged 40.8%, while its overall volume rose 47.2%.

Its total revenue rose a 24.6% to 53.14 billion rupees.

KEY CONTEXT

Premium alcohol consumption in India remains robust, with wealthier urban consumers continuing to spend on high-end spirits despite broader economic pressures. This trend has created a strong tailwind for liquor makers focused on upscale offerings.

Radico Khaitan has leaned into this shift, expanding its premium portfolio with brands like "Rampur" single malt and "Jaisalmer" gin.

The strategy has helped liquor makers cushion the impact of subdued demand in the mass-market segment. Peer United Breweries UBBW.NS also saw a 6% profit rise last week, driven by growth in its premium beer range.

  PEER PERFORMANCE

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Revenue growth (%)
Profit growth (%)
Mean rating*
No. of analysts
Stock to price target**
Div yield (%)
United Breweries
UBBW.NS
66.31
41.73
12.59
42.86
Hold
11
0.99
0.49
United Spirits
UNSP.NS
53.17
36.36
-40.25
13.30
Buy
10
0.83
0.88
Radico Khaitan
RADC.NS
68.87
42.39
13.31
37.40
Buy
6
1.00
0.15
Tilaknagar Industries
TILK.NS
44.83
31.51
16.67
-6.89
Strong Buy
1
1.07
0.12

  * The mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

 APRIL TO JUNE STOCK PERFORMANCE

-- All data from LSEG

($1 = 87.6225 Indian rupees)

United Breweries Stock Performance https://tmsnrt.rs/46X2okb

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))