# Radico Khaitan Q2 profit up 66%, stock gains 1.5%

2026-10-27T11:11:09+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 4 independent outlets

Radico Khaitan reported its highest-ever quarterly revenue, EBITDA and volume for July-September 2026, with standalone net profit jumping 66.1% year-on-year to ₹230.9 crore. Net revenue from operations rose 16.8% to ₹1,745.1 crore, while EBITDA surged 51% to ₹356.5 crore. Shares rose 1.54% to ₹4,279 on the NSE on 27 October, giving a market capitalisation of about ₹57,334 crore. One source put the consolidated profit growth at 66.48% and reported a 3% stock gain on the BSE. Prestige & Above volumes grew 35.8% to 5.28 million cases, now 53.7% of total volumes, while Regular & Others volumes fell 9.7% due to a higher base in Andhra Pradesh and policy changes in Maharashtra and Karnataka. Vodka led premium growth at 49% to 2.96 million cases. The company raised its Prestige & Above volume growth guidance for FY27 to 30%, keeping an EBITDA margin target of about 20%. Gross margin widened to 48% on a pre-built grain inventory. Net debt fell ₹68.7 crore from March 2026 to ₹175.4 crore, with a target of net-debt-free in H2 FY27. The company said it was the first Indian spirits firm at four major UK airports and has about 70 travel retail outlets.

## Indian Opinion Analysis

The four outlets cover the same results, but The Hindu Business Line leads with the record figures and stock move, framing it as a market story. CNBC-TV18 gives prominence to management commentary from Abhishek and Lalit Khaitan, and is the only one to mention the UK airport expansion early. The Economic Times and The Hans India single out the premium-versus-regular volume split, giving space to policy changes in Andhra Pradesh, Maharashtra and Karnataka as the reason regular volumes fell. All are positive on the company, but none probe whether the inventory build-up hides a margin risk, the 30% guidance and the net-debt-free target are the numbers to watch in the next quarter.

## Coverage

Coverage: 4 sources, 4 neutral
- thehindubusinessline.com (neutral report) <https://www.thehindubusinessline.com/markets/stock-markets/radico-khaitan-posts-record-q2-as-profit-surges-66-stock-climbs-15/article71630715.ece>
  Leads with record revenue, profit and market capitalisation, straight reporting.
- cnbctv18.com (neutral report) <https://www.cnbctv18.com/market/earnings/radico-khaitan-q2-profit-jumps-65-pc-full-year-premium-volume-growth-guidance-raised-20020312.htm>
  Leads with guidance raise, includes detailed chairman and MD quotes.
- economictimes.indiatimes.com (neutral report) <https://economictimes.indiatimes.com/industry/cons-products/liquor/radico-khaitans-premium-spirits-having-a-moment-while-regular-liquor-loses-buzz/articleshow/135230214.cms>
  Highlights premium versus regular volume split and policy-driven decline.
- thehansindia.com (neutral report) <https://www.thehansindia.com/business/radico-khaitan-q2-net-profit-surges-66-pc-to-rs-230-crore-sustains-record-momentum-1136383>
  Leads with consolidated profit surge and MD comments, plain reporting.

This brief was synthesised by AI from the 4 sources linked above, so one read covers every framing they carry.

Tags: Abhishek Khaitan, Lalit Khaitan, Magic Moments, Radico Khaitan
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How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/
