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Radico Khaitan (RADICO) investor relations material
Radico Khaitan Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Macroeconomic and industry context
India is among the fastest-growing economies, with a rising middle class and strong demographic dividend driving consumption growth.
The country is set to become the world's third-largest consumer market by 2026, with premium and luxury segments showing the highest growth rates.
The Indian spirits industry is experiencing strong premiumization, with IMFL sales volume expected to grow at a 5.1% CAGR and value at 13.4% CAGR from 2024 to 2029.
White spirits, vodka, and gin are the fastest-growing categories, and premium brands are gaining market share.
State policies are focusing on improving consumer experience and sustainable packaging, while low per capita IMFL consumption presents further growth opportunities.
Company overview and strategic direction
Over 80 years of experience, with a manufacturing capacity expanded to 321 million liters and a network of 44 bottling units.
Distribution covers over 100,000 retailers and 10,000 on-premise outlets, with exports to more than 100 countries.
FY2025 IMFL volume reached 31.4 million cases, with Prestige & Above brands contributing 46.1% of volume and 69.4% of value.
Strategic focus on premiumization, innovation, and global expansion, supported by strong R&D and a lean cost structure.
Manufacturing platform includes 8 distilleries, 5 own bottling units, and 39 contract/royalty units, ensuring quality and supply chain efficiency.
Brand portfolio and premiumization
Most new launches in the last 15 years have been in the premium and luxury categories, including award-winning single malts, craft gin, and super-premium brandy.
Key brands like Magic Moments Vodka, Morpheus Brandy, and 8PM Whisky are global leaders in their categories.
The luxury portfolio has expanded with products like Rampur Indian Single Malt, Jaisalmer Indian Craft Gin, and The Spirit of Kashmyr Vodka.
Rampur Indian Single Malt offers a range of high-end expressions, available in 50 countries and featured in international travel retail and premium venues.
Jaisalmer Gin holds a 50% share of the luxury gin market in India and has won multiple international awards.
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