Radico Khaitan earnings calls.

Radico Khaitan delivered exceptional Q2 FY2026 results with 38% volume growthCurrent reported value: 38% volume growth. No comparable prior figure is available in the source record. to 9.34 million cases, driven by strong premiumization. Prestige & Above grew 22% in volume and 24% in value, with realization improving 2.1% YoY. The regular segment rebounded sharply with 80% volume growth after nine quarters of decline, primarily aided by Andhra Pradesh market share expansion from 10%Current 10%. Reported change: +10pp YoY. to ~30%Current ~30%. Reported change: +2000bps YoY.. Magic Moments vodka achieved ~2 million cases, After Dark crossed 1.5 million cases in H1 (115% YoY), and Royal Ranthambore grew 67%. Gross margin held stable at 43.6% on benign input costs, while EBITDA margin expanded 126bps to 15.8Current reported value: 15.8. No comparable prior figure is available in the source record.%. The company reduced net debt by INR 146 crore and remains on track for debt-free status by FY2027. Key risks include Maharashtra's 25% industry decline and potential normalization in Andhra growth as the base equalizes in H2.