RADICO / Q1-FY25 / promises

Measure what management said.

Radico Khaitan · A quarter-by-quarter view of forward statements and whether delivery is visible yet.

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WatchQ1-FY25 · source date pendingBack to quarter ↗

Management delivery ledger

Promises over time.

25 tracked

Q1-FY26 · Q4 FY25

Luxury Portfolio to exceed INR 500 crore in FY26

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

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Q1-FY26 · Q4 FY25

Prestige & Above category to grow 15%+ in FY26

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

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Q1-FY26 · Q4 FY25

Net debt reduction of 35%-40% in FY26, near-zero by FY27

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

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Q1-FY26 · Q4 FY25

Minimum 100bps EBITDA margin improvement annually

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

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Q2-FY25 · Q1 FY25

Annual ad spends of 7-8% of revenue

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

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Q2-FY25 · Q1 FY25

Maintenance CapEx to normalize at INR 70-80 crore annually

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q2-FY25 · Q1 FY25

Duty rationalization expected in southern states

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q2-FY26 · Q1 FY26

FY26 Overall Volume Growth: 20%+

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

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Q2-FY26 · Q1 FY26

Margin Expansion: 125-150bps annually for 3 years

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q2-FY26 · Q1 FY26

Luxury Revenue Target: INR 500 crore

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q2-FY26 · Q1 FY26

After Dark National Expansion: 24 States

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q2-FY26 · Q1 FY26

Morpheus Super Premium: 10 States in H2

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

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Q3-FY25 · Q2 FY25

EBITDA Margin Expansion: +100-125bps Annually for 3 Years

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

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Q3-FY25 · Q2 FY25

P&A Volume Growth: 15%+ for Next 2+ Quarters

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q3-FY25 · Q2 FY25

Regular Category Recovery to Mid-Single Digit Growth

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

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Q3-FY26 · Q2 FY26

FY2026 Volume Growth: 20%+

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

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Q3-FY26 · Q2 FY26

EBITDA Margin Expansion: 150bps for FY26

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q3-FY26 · Q2 FY26

Super Premium Revenue Target: INR 500 Crore

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q3-FY26 · Q2 FY26

Debt-Free by FY2027

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q4-FY25 · Q3 FY25

Luxury Portfolio to Cross ₹500 Crore in FY26

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q4-FY25 · Q3 FY25

EBITDA Margin Expansion of 100-125bps Annually for 3 Years

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q4-FY25 · Q3 FY25

P&A Volume Growth to Continue at 15%+

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q4-FY25 · Q3 FY25

Annual CapEx of ₹100-125 Crore for Next 2-3 Years

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q4-FY26 · Q3 FY26

Luxury portfolio revenue of INR 500 crores for FY2026

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q4-FY26 · Q3 FY26

A&P spending in 6%-8% range of IMFL revenue

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1