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Indian Family Business Awards 2021: Radico Khaitan adjudged most Innovative, Disruptive & Transformational Business of the year

Radico Khaitan has emerged as a major bulk spirits supplier and bottler to other IMFL manufacturers. Four of the company's labels are currently in the coveted Millionaires' Club — the global ranking of spirit and liqueur brands with sales of 1 million 9-litre cases or more.

April 29, 2022 / 08:22 PM IST

Radico Khaitan was adjudged the Most Innovative, Disruptive & Transformational Business at the inaugural Moneycontrol Indian Family Business Awards 2021, held in Mumbai. The company won in the Mega category, for business entities with annual revenues between Rs 1,000 crore and Rs 5000 crore.

The company has emerged as a major bulk spirits supplier and bottler to other Indian Made Foreign Liquor manufacturers.

Four of Radico Khaitan’s labels are in the coveted Millionaires' Club, the global ranking of spirit and liqueur brands with sales (shipments) of 1 million 9-litre cases or more. They are: 8 PM Whisky, which is ranked ninth among the top 30 whiskies in the world; Magic Moments Vodka, ranked 11th among the top 30 vodkas in the world; Contessa Rum, ranked the ninth best rum in the world; and Old Admiral Brandy, ranked the No. 2 brandy in the world.

Over the past five years, Radico Khaitan has been focusing on profitable growth and strong cash flows. Despite the pandemic, revenue growth during the FY2017-FY2021 period stood at 9.5 percent. Its EBITDA margin during the same period expanded from 12.5 percent in FY2017 to 16.9 percent in FY2021.