Radico Khaitan Ltd announced its strongest annual financial results to date on Wednesday, reporting a full-year net revenue increase of 24.7% to ₹6,050.4 crore and an EBITDA increase of 52.4% to ₹1,018.5 crore for the fiscal year ending March 31, 2026. This marks the first time the company has achieved these financial milestones. In response to this performance, the Board of Directors has more than doubled the dividend to ₹9 per share, up from ₹4 last year, and established a policy for a minimum payout of 20% moving forward.
For the fourth quarter, the company reported a 15.3% year-on-year increase in net revenue, reaching ₹1,503.7 crore, while EBITDA surged 64% to ₹286.3 crore. The EBITDA margin expanded significantly, increasing by 565 basis points to 19%, the highest quarterly margin in the company’s history. Total comprehensive income for Q4 nearly doubled to ₹176.5 crore, and basic earnings per share rose to ₹13.08 from ₹6.78 in the previous year.
The notable performance was chiefly driven by the Prestige & Above segment, which saw volume growth of 27.9% in Q4 and 28.5% for the entire fiscal year, totaling 1.67 crore cases. This segment now represents 45.6% of the company’s total Indian Made Foreign Liquor (IMFL) volumes. Within the luxury portfolio, which includes Rampur Indian Single Malt, Jaisalmer Indian Craft Gin, and Royal Ranthambore Whisky, combined sales reached ₹475 crore in FY26. Additionally, Magic Moments Vodka, the company’s flagship mass-premium brand, approached ₹1,500 crore in sales, surpassing 86 lakh cases.
Gross margins improved by 453 basis points year-on-year to 48% in Q4, attributed to favorable raw material costs and an enhanced product mix. The company reported a significant reduction in net debt, which fell to ₹244 crore as of March 31, 2026, down ₹329.5 crore from the previous year. Radico Khaitan anticipates achieving net-debt-free status by the first half of FY2027.
The company’s stock closed at ₹3,357.20 on the National Stock Exchange on Wednesday, reflecting an increase of 0.55% for the day and bringing the market capitalization to approximately ₹44,789 crore. Over the past year, the stock has appreciated nearly 32%.
Published on May 6, 2026.
