1. Opening Hook
Festive quarter, premium liquor, and consumers apparently ignoring inflation like it’s dry January. Radico Khaitan walked into Q3 FY26, uncorked its best-ever quarter, and politely asked competitors to keep up. Volumes surged, margins expanded, and debt quietly exited the party without drama. Management sounds confident, brands are flexing global awards, and the balance sheet looks fitter than a New Year resolution in week one.
But before we declare this a forever bull run, remember—spirits businesses age well only if execution stays disciplined. Premiumization stories are fun, until raw material prices wake up cranky. Read on, because the real buzz is in the numbers and what management didn’t over-celebrate yet. 🍸
2. At a Glance
- Revenue up 19.5% – Festive demand showed up drunk on premium labels.
- EBITDA up 44.9% – Operating leverage finally earning its salary.
- EBITDA margin at 17.2% – Raw material gods smiled this quarter.
- Prestige & Above volume up 25.9% – India’s taste buds keep upgrading.
- Net profit up 61.6% – Earnings quality got a makeover.
- Net debt down ₹208.5 Cr – Balance sheet hit rehab, successfully.
3. Management’s Key Commentary
“Best-ever quarterly results across all key parameters.”
(Translation: This slide will be reused for
