Geopolitical volatility in West Asia
Management flagged potential supply chain and input cost disruptions due to West Asia tensions, which could impact margins.
RADICOKHAITAN / Q4-FY26 / risks
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Radico Khaitan · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
Glass price inflation
Glass prices increased ~15% recently; management has factored this into guidance but further increases could pressure margins.
Policy changes in Maharashtra and Karnataka
MML introduction in Maharashtra and potential policy shifts in Karnataka could impact volume and pricing dynamics.
US tariff impact on exports
US tariffs at 10% are manageable but softer US demand could affect luxury portfolio growth, though management downplayed the impact.