Earnings cheer keeps Radico Khaitan in high spirits. Should investors join in?
The Radico Khaitan stock has started the process of re-rating as the management continues to perform well and the long-term outlook appears promising
June 17, 2021 / 02:26 PM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
In the alcoholic beverages space, Radico Khaitan has been our very high conviction bet. The company continued to surprise positively as it once again delivered record sales in Q4 FY21. The stock touched fresh all-time highs following the strong set of earnings. So, should investors keep holding the stock or look to sell into the rallies?
Quarterly earnings highlights
Radico delivered the highest ever quarterly sales in Q4 FY21 led by a 7 per cent year-on-year (YoY) growth in overall...