Radico Khaitan shares fell by 0.58 percent to ₹3,145.60 on the National Stock Exchange on Thursday afternoon, despite the company announcing record quarterly volumes and EBITDA for the September quarter.
The spirits manufacturer reported a 33.8 percent year-on-year increase in net sales, amounting to ₹1,494 crore for Q2 FY26. Additionally, total Indian Made Foreign Liquor (IMFL) volumes soared by 37.8 percent to 9.34 million cases. EBITDA also saw a significant increase of 45.4 percent, reaching ₹236.1 crore, with profit margins improving to 15.8 percent, up from 14.5 percent a year earlier. The total comprehensive net income surged by 68.9 percent to ₹137.8 crore.
The stock began trading higher at ₹3,187 and peaked at ₹3,187 before falling to a low of ₹3,132.20. By midday, over 2.32 lakh shares valued at ₹73.34 crore were exchanged, with the deliverable quantity standing at 66.80 percent.
The company’s Prestige and Above brands, which include premium products like Morpheus Rare Luxury Whisky and The Spirit of Kashmyr Vodka, experienced a 21.7 percent increase in volume to 3.89 million cases. However, their share of total IMFL volumes decreased to 43.6 percent from 53.2 percent the previous year.
Chairman Lalit Khaitan pointed to stable raw material costs and operating leverage as the main factors driving growth, while recognizing short-term export challenges stemming from global trade conditions. Managing Director Abhishek Khaitan highlighted the company’s premium-first strategy and its expanding distribution network.
Since reaching a 52-week low of ₹1,845.50 in February, the stock has seen substantial gains; however, it remains below its recent peak of ₹3,423, achieved just last week.
Published on October 30, 2025.
