Radico Khaitan stock gains 5% as Royal Ranthambore Whisky enters CSD network

Radico Khaitan shares have crashed nearly 20 percent since the start of the year.

Shares of Radico Khaitan Ltd rose as much as 5.3 percent to Rs 2,124 in the afternoon of February 20, extending gains for a second session, after the company announced the expansion of its premium whisky brand, Royal Ranthambore, into the Canteen Stores Department (CSD). The move is expected to strengthen the brand’s presence in India's growing premium spirits market.

Since its launch in 2021, Royal Ranthambore has seen strong demand, driven by rising consumer preference for premium Indian whiskies. Radico Khaitan has been actively pushing its luxury and semi-luxury portfolio, which contributed Rs 100 crore in net sales in Q3FY25 and Rs 250 crore over the first nine months of the fiscal year. The company now expects this segment to cross Rs 500 crore in sales in FY26.

Follow our LIVE blog for all the latest market updates

Managing Director Abhishek Khaitan noted that the brand’s entry into CSD would help accelerate growth, in line with the company’s broader strategy to expand its high-end liquor portfolio. Radico Khaitan has already seen success in the CSD segment with Rampur Indian Single Malt Whisky and Jaisalmer Indian Craft Gin. With blended scotch whisky sales in CSD exceeding 10 lakh cases annually, the company aims to capture around 10 percent of the market over the next year.

Also read: Rising costs, weak demand hit small, midcap Q3 earnings  

Radico Khaitan delivered a strong performance in the December quarter, driven by healthy revenue growth and improved profitability. Net profit rose 27 percent year-on-year to Rs 95.4 crore, up from Rs 75 crore in the same period last year.

Revenue from operations climbed 11.5 percent to Rs 1,294 crore, compared to Rs 1,161 crore in the year-ago quarter. The operating performance also improved, with EBITDA surging 29 percent to Rs 184 crore from Rs 142.6 crore, boosting the EBITDA margin to 14.2 percent from 12.3 percent.

Read more: SUVs to drive PV growth in FY26, OEMs remain cautious on overall demand: Industry sources

At about 12:30 pm, shares of the company were trading at Rs 2,102, higher by 4.2 percent from the last close on the NSE. Radico Khaitan shares have crashed nearly 20 percent since the start of the year.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.