Radico Khaitan Q2 FY27 net profit jumps 66% to ₹230 crore on premium surge
Synopsis
Radico Khaitan's Q2 FY27 numbers tell a story of accelerating premiumisation: net profit up 66%, EBITDA margin 460 basis points wider year-on-year, and Prestige & Above now accounting for more than half of all IMFL volumes sold. With shares up 3% post-results and the company planting its flag across UK airports, this is no longer just a domestic spirits play.
Key Takeaways
Radico Khaitan posted a 66.48% YoY rise in consolidated net profit to ₹230.3 crore in Q2 FY27 .
Net revenue from operations grew 16.8% to ₹1,745.1 crore ; total IMFL volumes rose 7.2% to 10.02 million cases .
Prestige & Above segment volumes surged 35.8% to 5.28 million cases , now representing 53.7% of total IMFL volumes.
EBITDA jumped 51% to ₹356.5 crore ; EBITDA margin widened to 20.4% from 15.8% a year ago.
The company is now present across four major UK airports with 70 travel retail outlets , targeting 100 .
Shares rose over 3% to ₹4,363.20 on the BSE following the earnings announcement.
Radico Khaitan on Tuesday, 27 October 2025, reported a 66.48% year-on-year surge in consolidated net profit for Q2 FY27, the quarter ended 30 September, driven by strong momentum in its premium spirits portfolio. Total comprehensive income rose to ₹230.3 crore, while net revenue from operations climbed 16.8% to ₹1,745.1 crore.
Key Financial Highlights
Total Indian-made foreign liquor (IMFL) volume expanded 7.2% to 10.02 million cases in the quarter. Gross profit grew 28.6% to ₹838.4 crore, with gross margin at 48%. EBITDA jumped 51% to ₹356.5 crore, with EBITDA margin expanding sharply to 20.4% from 15.8% in Q2 FY26 — a gain of over 460 basis points in a single year.
Prestige and Above Portfolio Drives Growth
The Prestige & Above segment emerged as the primary growth engine, with volumes surging 35.8% to 5.28 million cases. Its share of total IMFL volumes climbed to 53.7%, up from 43.6% a year earlier. Net sales from the segment leapt 38.6% to ₹996 crore, accounting for 77.1% of total IMFL sales value — versus 68.6% in the year-ago period. The rapid premiumisation underscores a broader structural shift in Indian consumer preferences toward higher-end spirits.
What the Leadership Said
Chairman and Managing Director Dr. Lalit Khaitan said the quarter 'reaffirms the consistency of our growth journey,' adding that H1 FY27 has delivered record volume, revenue and profitability, building on what he described as a milestone FY26.
Managing Director Abhishek Khaitan highlighted that the premium-first strategy had produced 'another quarter of remarkable results, with Prestige & Above portfolio volume growing 36 per cent in Q2, well ahead of the industry.' He noted that vodka's share of the IMFL industry has risen to 6.3% in Q2 FY27, with the company's Magic Moments brand leading the category. He also pointed to continued momentum for 8PM Premium Black.
Global Expansion and Market Reaction
On international operations, Abhishek Khaitan said the company is now the first Indian spirits maker to be present across four major UK airports, with around 70 travel retail outlets currently operational and a target of 100 in the coming years. Following the earnings release, shares of Radico Khaitan were trading at ₹4,363.20 on the BSE, an increase of over 3% on the day — a signal that markets welcomed the quarterly beat.
This marks the company's strongest half-year performance on record, and with premiumisation tailwinds still intact, analysts will be watching whether H2 FY27 can sustain the trajectory set in the first half.
Point of View
Not just the profit number. Most Indian FMCG and consumer staples companies have struggled to hold margins amid input cost pressures; Radico is expanding them by systematically shifting volume toward higher-value SKUs. The Prestige & Above segment now generating 77% of IMFL sales value from just 54% of volumes is a structural mix-improvement few peers have achieved this fast. The UK airport push is a soft power play for the brand, but the domestic premiumisation story is where the earnings power lies — and it shows no sign of plateauing.
NationPress
27 Oct 2026
Frequently Asked Questions
What were Radico Khaitan's Q2 FY27 results?
Radico Khaitan reported a 66.48% year-on-year jump in consolidated net profit to ₹230.3 crore for Q2 FY27, the quarter ended 30 September. Net revenue grew 16.8% to ₹1,745.1 crore, while EBITDA rose 51% to ₹356.5 crore.
What drove Radico Khaitan's profit surge in Q2 FY27?
The primary driver was the rapid growth of the Prestige & Above portfolio, whose volumes surged 35.8% to 5.28 million cases and now account for 77.1% of IMFL sales value. This premiumisation mix-shift significantly expanded gross and EBITDA margins.
How did Radico Khaitan shares react to the Q2 earnings?
Shares of Radico Khaitan rose over 3% to ₹4,363.20 on the BSE on Tuesday following the quarterly earnings announcement, reflecting a positive market response to the beat on profitability and margins.
What is Radico Khaitan's international expansion strategy?
Radico Khaitan says it is now the first Indian spirits company present across four major UK airports, with around 70 travel retail outlets currently active. The company is targeting 100 such outlets in the coming years.
What is the significance of vodka's rising share in the IMFL industry?
Vodka's share of the IMFL industry has risen to 6.3% in Q2 FY27, according to Radico Khaitan. The company's Magic Moments brand is positioned as the category leader in this structural shift, which management described as a 'multi-year' trend.
