Company Overview
Radico Khaitan Limited (BSE: 532497, NSE: RADICO) has published comprehensive FY2025-26 disclosures including the 42nd AGM notice, annual report, Business Responsibility and Sustainability Report (BRSR), and audited financial statements.
Financial Performance Highlights
Radico Khaitan delivered exceptional financial results for FY26 with consolidated revenue growing 22.7% to ₹20,976.39 crore and net profit surging 74.9% to ₹604.48 crore. Standalone performance was equally strong with revenue of ₹20,976.39 crore (24.7% YoY growth) and EBITDA of ₹1,018.5 crore (52.4% YoY growth). Basic EPS stood at ₹45.16 (consolidated) and ₹45.01 (standalone). The impressive performance was driven by strong volume growth in IMFL (38.33 million cases, up 22.2%) and Prestige & Above segments (16.70 million cases, up 28.5%).
Dividend Declaration and AGM Details
The Board has recommended a final dividend of ₹9 per equity share (450% payout) for FY25-26, subject to shareholder approval at the 42nd Annual General Meeting scheduled for August 7, 2026. The record date for dividend eligibility is July 24, 2026, with payment to be made within 30 days of declaration. Remote e-voting will be available from August 3-6, 2026, and the share transfer register will remain closed from July 25 to August 7, 2026.
Sustainability and Environmental Performance
The company demonstrated strong sustainability credentials through its BRSR report, recycling 14,728 MT of plastic waste under Extended Producer Responsibility commitments. Environmental initiatives included Zero Liquid Discharge implementation across all manufacturing facilities, CO2 recovery from fermentation processes, and comprehensive waste management systems. Energy consumption totaled 38,36,623 GJ with 29,49,738 GJ from renewable sources, while water withdrawal was 13,43,009 kiloliters with intensity reduction to 0.64 per rupee of turnover.
Corporate Governance and Leadership
The AGM will consider re-appointment of Mr. Abhishek Khaitan as Director and Walker Chandiok & Co LLP as Statutory Auditors for a second five-year term with remuneration of ₹130 lakhs annually. The company maintained full compliance with corporate governance requirements, and key management personnel including Dr. Lalit Khaitan (Chairman & MD) and Mr. Abhishek Khaitan (MD) received remuneration of ₹1,473.61 lakhs and ₹1,490.44 lakhs respectively.
Audit Assurance and Financial Controls
Auditors issued an unmodified opinion on both standalone and consolidated financial statements, confirming compliance with Indian Accounting Standards (Ind AS) and effective internal financial controls. Key audit matters focused on revenue recognition (given various promotional schemes) and expected credit loss provisioning on trade receivables. The audit involved extensive testing of controls, sample verification, and analytical procedures.
Investments and Subsidiaries
The group made new investments totaling ₹38.86 crore in joint ventures including D'YAVOL Spirits Private Limited and D'YAVOL Spirits B.V. Total investment in joint ventures stood at ₹174.26 crore. The consolidation scope included eight subsidiaries and three joint ventures, with the auditors relying on reports of other auditors for certain entities.
Regulatory Compliance and Contingencies
The company maintained full compliance with SEBI listing regulations and environmental laws. Contingent liabilities totaled ₹159.75 crore comprising various disputed tax and duty matters, including ongoing GST disputes on ENA amounting to ₹734.64 crore. The company credit rating remained CARE AA (stable) for long-term facilities and CARE A1+ for short-term facilities.
Operational and Market Position
Radico Khaitan strengthened its market position with significant volume growth across categories. Geographical revenue diversification showed strong domestic performance (India: ₹6,05,042.59 lakhs) complemented by exports to Nigeria, Sudan, and UAE. The company reduced borrowings to ₹331.82 crore (standalone) from ₹630.68 crore in FY25, improving the debt-equity ratio to 10.01%.
The comprehensive disclosures demonstrate Radico Khaitan's robust financial performance, strong governance framework, commitment to sustainability, and strategic positioning for future growth in the alcoholic beverages sector.