Radico’s Q4 profit increases

Radico Khaitan Ltd saw a 26.43% rise in net profit for the fourth quarter of FY 2023-24, hitting Rs 53.91 crore. The company's revenue for the quarter stood at Rs 3,894.64 crore, marking a growth from the previous year. Total IMFL volume slightly decreased, but prestige brands grew by 20.3%

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Radicos Q4 profit increases

Radico Khaitan Ltd has reported 26.43 percent increase in its consolidated net profit in the fourth quarter of the 2023-24 fiscal, which ended 31st March 2024. It reached Rs 53.91 crore during the Q4 2023-24.

The company posted a consolidated net profit of Rs 42.64 crore in the same quarter of the fiscal year 2022-23, the company said in a regulatory filing. Consolidated revenue  of Radico Khaitan from operations during the quarter under review stood at Rs 3,894.64 crore as against Rs 3,375.36 crore in the corresponding year-ago period.

For the fiscal ended on 31st March 2024, consolidated net profit of Radico Khaitan was Rs 262.17 crore, up from Rs 220.35 crore in the previous fiscal, the filing said.

In the fourth quarter of 2023-24 fiscal, total IMFL (Indian-made foreign liquor) volume of Radico Khaitan was at 7.16 million cases, down by 1.2 percent against the corresponding quarter of the previous fiscal. Total IMFL volume of Radico Khaitan for the last fiscal was 28.73 million cases, up by 1.7 percent, while the company’s prestige and above brands’ volume during the fiscal stood at 11.26 million cases, a growth of 20.3 percent over that of the last fiscal, the company added.

Total expenses of Radico Khaitan during the last quarter of the 2023-24 fiscal were Rs 3,820.3 crore as compared to Rs 3,325.37 crore in the corresponding period of the previous fiscal. In FY24, consolidated revenue from operations of Radico Khaitan stood at Rs 15,483.88 crore as against Rs 12,743.91 crore in FY23.