Radico Khaitan Limited — PPTs, 31-07-2025: Investor Presentation

Here is the summary of the earnings presentation:

**Financial Highlights:**

Revenue from Operations (Net) surged 32.5% to ₹1,506.0 Cr. Total IMFL volume jumped 37.5%, led by Prestige & Above. EBITDA increased 55.6% to ₹230.7 Cr, with margin expanding to 15.3%. Gross Profit grew 38.8%. Net Debt reduced significantly by ₹163.7 Cr to ₹409.8 Cr.

**Strategic Initiatives & Growth Drivers:**

The company prioritizes profitable, volume-led growth by strengthening core premium brands and expanding new premium/luxury distribution. Premiumization remains a key driver, supported by stable raw material costs and sustained marketing investments.

**Business Developments:**

New launches include Morpheus Super Premium Whisky and The Spirit of Kashmyr luxury vodka. Key brands like Morpheus Brandy and Magic Moments Vodka saw strong performance, with the latter exceeding 7M cases. After Dark Blue Whisky notably surpassed 1.9M cases, joining the Millionaire’s Club.

**Market Position & Competitive Advantage:**

The company holds strong market leadership with Morpheus Brandy (60%+ share), Jaisalmer Gin (50% luxury gin share), and Magic Moments Vodka (60% overall vodka share). Its diversified portfolio and innovation pipeline are core competitive advantages.

**Investor Implications:**

Robust Q1 performance, driven by strong volume growth and significant margin expansion, indicates positive growth potential. Strategic focus on premiumization, new luxury products, and debt reduction enhances long-term value.