Liquor manufacturer Radico Khaitan announced a 26% increase in fourth-quarter profit on Tuesday, attributing it to robust demand for its premium brands.
The maker of Magic Moments vodka recorded a consolidated net profit of Rs 54 crore for the quarter ending March 31, up from Rs 43 crore a year ago.
Analysts noted a growing preference for premium liquors, particularly whiskey, among India’s affluent urban population. This trend has spurred the establishment of more whiskey distilleries and a wider array of whiskey brands in the market. Additionally, there has been increasing demand for flavored alcoholic beverages like vodka and rum throughout the past financial year.
Radico’s premium segment, featuring brands such as Rampur Indian Whiskey and After Dark, witnessed a 14.2% surge in sales volume, driving a 16.1% revenue increase to Rs 504 crore.
Revenue from operations climbed 15% to Rs 3,895 crore.
In its investor presentation, the company expressed confidence in maintaining double-digit growth in premium volume for the fiscal year 2025.
Radico also mentioned monitoring the pricing trends of certain packaging materials, noting recent softening in prices while remaining cautious about the volatility of grain, extra neutral alcohol, and glass bottles.
