Risk Intelligence
Geopolitical volatility in West Asia
View Risks →Radico Khaitan delivered a strong Q4 FY26, crossing ₹6,000 crore in revenue and ₹1,000 crore in EBITDA for the full year.
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Radico Khaitan delivered a strong Q4 FY26, crossing ₹6,000 crore in revenue and ₹1,000 crore in EBITDA for the full year. The prestige & above segment grew 28% in volume, led by Magic Moment (+28% in Q4), After Dark (+62%), and Royal Ranthambore (+50%). Luxury portfolio reached ₹475 crore in sales, with 25% growth guided for FY27. EBITDA margin expanded 565 bps YoY to 19%, driven by premiumization, benign input costs, and operating leverage. Management guided for 20% P&A volume growth and 125 bps margin expansion in FY27, with price increases and mix improvement offsetting cost pressures. Key risks include geopolitical volatility in West Asia impacting input costs and potential policy disruptions in key states like Maharashtra and Karnataka.
Geopolitical volatility in West Asia
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Read Transcript →P&A segment volume grew 28% YoY in Q4, driven by premiumization and strong brand momentum.
Magic Moment vodka reached 8.6 million cases in FY26, with Q4 growth of 28% YoY.
After Dark whiskey crossed 3.1 million cases in FY26, growing over 60%.
Luxury portfolio sales reached ₹475 crore in FY26; 25% growth guided for FY27.
Management expects prestige & above segment volume to grow 20% in FY27, driven by Magic Moment, After Dark, and Royal Ranthambore.
Management flagged potential supply chain and input cost disruptions due to West Asia tensions, which could impact margins.
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