Radico Khaitan (RADICO) Q4 25/26 earnings summary

Executive summary

• Achieved record performance in FY2026 with net revenue exceeding ₹6,000 crore and EBITDA surpassing ₹1,000 crore, driven by premiumisation, innovation, and strong luxury and Prestige & Above segment growth.

• Audited standalone and consolidated results for FY2026 were approved with unmodified opinions; dividend of ₹9 per share recommended.

• Continued investment in brand equity, digital marketing, and sustainability initiatives to deepen consumer engagement and drive future growth.

Financial highlights

• Net revenue from operations grew 24.7% year-over-year to ₹6,050.4 crore; Q4 revenue up 15.3% year-over-year.

• EBITDA increased 52.4% year-over-year to ₹1,018.5 crore, with margin up 305 bps to 16.8%; gross margin for Q4 was 48%, up 450 bps year-over-year.

• Standalone net profit for FY2026 was ₹60,254 lakhs; consolidated net profit at ₹60,448 lakhs.

• Net debt reduced by ₹329 crore during the year, with a target to become debt-free by H1 FY2027.

• Dividend of ₹9 per share recommended, up from ₹4 last year, with a minimum 20% payout policy.

Outlook and guidance

• Targeting 25% value growth in the luxury portfolio and 20% volume growth in Prestige & Above for FY2027.

• Expecting EBITDA margin expansion of 120-125 bps in FY2027, supported by price increases and premiumisation.

• CapEx for FY2027 projected at ₹160-175 crore, focused on maintenance and capacity optimization.

• Confident in sustaining margin expansion and industry-leading growth momentum in FY2027, with A&SP spend at 6–8% of IMFL revenues.