Radico Khaitan Limited · NSE:RADICO
Radico Khaitan — Q3 FY2026 Earnings Presentation
22 slides from Radico Khaitan's earnings presentation, Jan 22, 2026
Slide 1: Exchange filing cover letter: Earnings Presentation
RKL/SX/2025-26/90 January 22, 2026 BSE Ltd. National Stock Exchange of India Ltd. Phiroze Jeejeeboy Towers Exchange Plaza, 5th Floor, Plot no. C/1, Dalal Street G Block, Bandra-Kurla Complex, Bandra (E) Mumbai – 400001 Mumbai – 400051 Scrip Code: 532497 Scrip code: RADICO Subject: Earnings Presentat
Slide 2: Radico Khaitan Ltd. Q3 FY2026 Earnings Presentation
Radico Khaitan Ltd. (BSE: 532497; NSE: RADICO) Q3 FY2026 Earnings Presentation Taking India to the World Corporate Presentation | March 2025
Slide 3: Welcome to Timeless Heritage
WELCOME TO Timetess eritage
Slide 4: Performance Highlights – Q3 FY2026
Performance Highlights – Q3 FY2026 Best ever quarter on all key metrics – volume, top line, profitability Total IMFL Prestige & Above Regular & Others Revenue from Volume* Volume Volume Operations (Net) Increased Increased Increased Increased 16.7% 25.9% 32.7% 19.5% to 9.75 Million to 4.62 Million t
Slide 5: Management Perspectives
Management Perspectives Commenting on the results and performance, Dr. Lalit Khaitan, Chairman & Managing Director said: “The Indian spirits sector continues to exhibit strong momentum, underpinned by steady demand and an accelerating shift towards premiumization, trends that were clearly visible du
Slide 6: Q3 FY2026 Performance Highlights: Volume
Q3 FY2026 Performance Highlights Delivered highest ever quarterly volume: Prestige & Above volume has grown 3x since Q3 FY19 Volume (mn cases) 9.75 8.36 7.25 6.98 6.99 6.45 6.49 5.66 4.62 3.67 3.11 2.59 2.27 1.90 2.00 1.57 Q1 FY2020 Q1 FY2026 Q2 FY2026 Q1 FY2019 Q2 FY2019 Q3 FY2019 Q4 FY2019 Q2 FY20
Slide 7: Q3 FY2026 Performance Highlights: Net Sales and EBITDA
Q1 FY2019 ` Crore Q2 FY2019 553 Q3 FY2019 95 Q4 FY2019 Q1 FY2020 Q2 FY2020 Earnings Presentation | Q3 FY2026 648 Q3 FY2020 102 Q4 FY2020 Q1 FY2021 Q2 FY2021 684 Q3 FY2021 124 Q4 FY2021 Q3 FY2026 Performance Highlights Q1 FY2022 Q2 FY2022 757 Q3 FY2022 119 Net Sales Q4 FY2022 Q1 FY2023 …Translating i
Slide 8: Premiumization and raw material tailwinds drive profitability
Q3 FY2026 Performance Highlights Premiumization coupled with the raw materials tailwinds has led to higher profitability and stronger return ratios 25% Global supply chain disruption post-covid, coupled with geopolitical uncertainty induced a 22% hyper-inflation cycle resulting in significant margin
Slide 9: Key Operating Metrics
Key Operating Metrics Q3 y-o-y Q2 q-o-q Nine Month y-o-y FY2026 FY2025 Growth (%) FY2026 Growth (%) FY2026 FY2025 Growth (%) Operational Performance (Million Cases) Prestige & Above 4.62 3.67 25.9% 3.89 18.7% 12.35 9.59 28.7% Regular & Others 4.70 3.54 32.7% 5.04 (6.8)% 15.16 9.91 53.0% Total Own Vo
Slide 10: Key Financial Metrics
Key Financial Metrics Q3 y-o-y Q2 q-o-q Nine Month y-o-y Financial Performance (` Crore) FY2026 FY2025 Growth (%) FY2026 Growth (%) FY2026 FY2025 Growth (%) Revenue from Operations (Gross) 5,423.8 4,440.9 22.1% 5,056.7 7.3% 15,794.1 12,613.1 25.2% Revenue from Operations (Net) 1,546.7 1,294.2 19.5%
Slide 11: Key Financial Metrics
Key Financial Metrics Q3 y-o-y Q2 q-o-q Nine Month y-o-y (` Crore) FY2026 FY2025 Growth (%) FY2026 Growth (%) FY2026 FY2025 Growth (%) Revenue from Operations (Gross) 5,423.8 4,440.9 22.1% 5,056.7 7.3% 15,794.1 12,613.1 25.2% Revenue from Operations (Net) 1,546.7 1,294.2 19.5% 1,493.9 3.5% 4,546.7 3
Slide 12: Performance Discussion
Performance Discussion Q3 FY2026 Highlights o Revenue from Operations (Net) grew by 19.5% y-o-y. Total IMFL volume* increased 16.7% whereas Prestige & Above category volume grew 25.9%. After 9 quarters of degrowth, Regular volumes had returned to sharp growth trajectory in Q3 FY25. The momentum cont
Slide 13: Branding & Marketing
Branding & Marketing Rampur Indian Single Malt in Air India (First Class and Business Class) International Flights Earnings Presentation | Q3 FY2026 11
Slide 14: Branding & Marketing
Branding & Marketing Rampur Lounge at Musaafer, NYC Earnings Presentation | Q3 FY2026 12
Slide 15: Best-in-Class Luxury Portfolio
Best-in-Class Luxury Portfolio After the success of Rampur and Jaisalmer, further strengthened the Indi-lux portfolio over the past five years FY2022 FY2023 FY2024 FY2025 FY2026 The most A confluence of The crown jewel Another core Luxury vodka with expensive Indian the finest malts of luxury rums –
Slide 16: Brand Performance
Brand Performance Rampur Indian Single Malt Whisky • Eight expressions (Select, PX Sherry, Signature Reserve, Double Cask, Asava, Trigun, Jugalbandi, Barrel Blush) • Available in around 50 countries and 35 travel retail • Rampur Double Cask available in 19 states in India and Asava in 13 states Rece
Slide 17: Brand Performance
Brand Performance Sangam World Malt Whisky • “Sangam” is derived from the Hindi word meaning "confluence," which symbolizes the seamless blend of Eastern tradition and Western whisky-making expertise • Meticulous fusion of premium malts sourced from Europe and the New World • Available in around 40
Slide 18: Brand Performance
Brand Performance The Spirit of Kashmyr, Luxury Vodka • Crafted with Pampore saffron, renowned as the world’s finest, this spirit redefines luxury. It is blended with Himalayan spring water, sourced from pristine mountain glaciers • Distilled from the finest grain, nurtured in the fertile soils of t
Slide 19: Brand Performance
Brand Performance Morpheus Rare Luxury Whisky • A strategic extension of our premium portfolio, entering the high-growth super-premium whisky segment. Building on the formidable brand equity of Morpheus Brandy, India’s largest super-premium brandy, this new brand represents a bold step forward in th
Slide 20: Brand Performance
Brand Performance Magic Moments Vodka • Continues to gain market share; accounts for 60% of the overall vodka market share; Crossed 7 million case sales in FY25 • Partnered with Saregama, India’s leading music label to launch an innovative new music series titled ‘Magic Moments Music Studio’; Launch
Slide 21: Disclaimer
Disclaimer This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Radico Khaitan’s future business developments and economic performance. W
Slide 22: Radico Khaitan Limited
Radico Khaitan Limited (CIN: L26941UP1983PLC027278) J-I, Block B-I, Mohan Co-operative Industrial Area, Mathura Road, New Delhi-110044 Ph.: +91-11-4097 5400/5500 Fax: +91-11-4167 8841/42 www.radicokhaitan.com