Radico Khaitan posts 62% profit surge in December quarter on record IMFL volumes, expands to Scotland 

INDIA – Radico Khaitan, one of India’s largest Indian Made Foreign Liquor (IMFL) producers, has reported a 62.26% rise in consolidated net profit to Rs 154.93 crore (US$18.6 million) for the December quarter, driven by its “highest ever” quarterly volume performance. 

The company had posted a profit of Rs 95.48 crore (US$11.5 million) in the same quarter of the previous financial year, according to a filing with the Bombay Stock Exchange. Radico Khaitan owns brands including Rampur Indian Single Malt Whisky, Jaisalmer Indian Craft Gin, Magic Moments Vodka and the 8 PM series. 

Revenue from operations rose 22.13% to Rs 5,423.83 crore (US$652.5 million) during the quarter. In its earnings statement, the company said: “Premiumisation coupled with the raw materials tailwinds has led to higher profitability and stronger return ratios.” 

Total expenses increased 20.82% to Rs 5,210.26 crore (US$627 million), while total income, including other income, reached Rs 5,426.44 crore (US$652.8 million), up 22.16%. During the quarter, Radico Khaitan’s total IMFL volume climbed 16.7% to 9.75 million cases. 

Prestige and above brands recorded a 25.9% increase to 4.62 million cases, while the ‘Regular and Others’ segment grew 32.7% to 4.70 million cases. The company said that after nine quarters of decline, regular volumes had returned to a strong growth trajectory in the third quarter of FY25, with momentum continuing into FY26. 

Managing Director Abhishek Khaitan said: “Our recent premium and luxury launches are gaining early momentum, reaffirming the depth of our consumer insights and our ability to build differentiated, aspirational brands. Rampur 1943 Virasat Indian Single Malt marks a defining milestone in our journey of creating world-class luxury Indian spirits, seamlessly blending heritage, craftsmanship and modern aspiration to set new benchmarks in its category.” 

He added that Radico Khaitan is strengthening its presence in the on-trade channel, where premium consumption and brand advocacy are growing. “With clarity of strategy and conviction in our capabilities, we remain firmly focused on building luxury Indian spirit brands and scaling them globally for sustained long-term growth,” Khaitan said. 

The board has also approved the incorporation of a wholly owned subsidiary in Scotland, the United Kingdom, to support the company’s international expansion.  

The new entity, to be named Radico Khaitan Scotland Ltd or a similar approved name, will focus on distillation, maturation, storage and trading of Scotch and other spirits, and may acquire or operate a distillery in Scotland. 

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