Financial Performance Highlights
Radico Khaitan Limited reported exceptional financial results for FY2026 with consolidated revenue of ₹20,976.39 crore, representing 23% year-on-year growth from ₹17,098.54 crore in FY25. Net profit surged 75% to ₹604.54 crore (₹602.54 crore standalone) from ₹345.19 crore in the previous year. Earnings per share stood at ₹45.16 (basic) and ₹45.12 (diluted). The company achieved robust operational performance with IMFL volumes reaching 38.33 million cases (22.2% growth) and Prestige & Above category volumes at 16.70 million cases (28.5% growth).
Dividend Declaration and AGM Details
The Board recommended a final dividend of ₹9 per equity share (450% on face value of ₹2) for FY2026, subject to shareholder approval at the 42nd Annual General Meeting convened for August 7, 2026. The AGM agenda includes adoption of financial statements, re-appointment of Director Abhishek Khaitan, and re-appointment of statutory auditor Walker Chandiok & Co LLP for a second five-year term. Remote e-voting will be available from August 3-6, 2026, with July 31, 2026 as the record date for voting eligibility.
Sustainability and ESG Performance
Radico published its comprehensive Business Responsibility and Sustainability Report (BRSR) highlighting significant environmental achievements including recycling 14,728 MT of plastic waste under Extended Producer Responsibility, implementing 100% Zero Liquid Discharge systems across all manufacturing facilities, and planting 33,000+ saplings. The company spent ₹948.06 lakhs on CSR initiatives focused on healthcare, education, natural farming, and skill development. Energy consumption totaled 38,36,623 GJ with renewable energy initiatives including biomass-based co-generation.
Audit and Regulatory Compliance
Walker Chandiok & Co LLP issued unmodified audit opinions on both standalone and consolidated financial statements, identifying key audit matters around revenue recognition (complex promotion schemes with distributors) and expected credit loss assessment on trade receivables totaling ₹1,18,955.14 lakhs. The company disclosed contingent liabilities of ₹159.75 crores related to ongoing litigations involving GST, excise duty, and other tax matters. Compliance with SEBI Listing Regulations and Companies Act 2013 requirements was confirmed.
Corporate Developments and Investments
The company invested ₹3,886.15 lakhs in new joint ventures, acquiring 47.5% stakes in D'YAVOL Spirits B.V. (Netherlands) and D'YAVOL Spirits Private Limited (India). Property, plant and equipment additions amounted to ₹24,540.61 lakhs with capital work-in-progress of ₹7,492.92 lakhs. A Scheme of Amalgamation involving Radico Spiritzs India Private Limited and seven step-down subsidiaries was filed with NCLT Allahabad Bench with an Appointed Date of April 1, 2025.
Operational and Financial Metrics
Key financial ratios showed improvement with Current Ratio at 1.92 (vs 1.63), Debt-Equity Ratio at 0.10 (vs 0.23), Return on Equity at 20% (vs 13%), and Net Profit Ratio at 10% (vs 7%). Cash flow from operations strengthened significantly to ₹74,263.53 lakhs from ₹36,286.11 lakhs in FY25. The company maintained strong liquidity with cash and equivalents of ₹7,025.82 lakhs at year-end.