RADICO · Fast Moving Consumer Goods
Radico Khaitan Ltd reported revenue of ₹1,547 cr for October to December 2025, +19.6% on the year and +3.5% on the quarter. It is the highest quarterly revenue in the last 11 quarters on record. Over the last four quarters revenue comes to ₹5,851 cr, +26.5% on the four before.
Operating profit (EBITDA) was ₹267 cr, a margin of 17.3%, +312 bps on the year and +133 bps on the quarter. It is the widest margin of the last 8 quarters (range 11.1% to 17.3%). Operating costs grew +15.2% against revenue growth of +19.6%, so more of each rupee of sales reached operating profit.
Net profit was ₹155 cr, +63.2% on the year and +10.7% on the quarter, with earnings per share of ₹11.57. Profit before other income, one-offs and tax grew faster, at +66.4%; other income, one-offs or tax held the headline back. The tax rate of 25% is in line with its recent average. Profit over the last four quarters totals ₹518 cr, +69.8% on the four before.
On earnings per share of ₹38.62 over the last four quarters, the stock at ₹4,482.10 trades at 116.1 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,161 cr | ₹1,079 cr | ₹1,137 cr | ₹1,116 cr | ₹1,294 cr | ₹1,304 cr | ₹1,506 cr | ₹1,494 cr | ₹1,547 cr | ₹1,504 cr | ₹1,685 cr | ₹1,745 cr |
| YoY | — | — | +19% | +21% | +11% | +21% | +32% | +34% | +20% | +15% | +12% | +17% |
| EBITDA margin | 12.3% | 11.1% | 12.9% | 14.5% | 14.1% | 13.7% | 15.4% | 15.9% | 17.3% | 18.9% | 20.7% | 20.5% |
| Other income, % of PBT | 6% | 3% | 2% | 1% | 1% | 2% | −3% | 2% | −3% | 4% | 3% | 2% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 24% | 27% | 25% | 27% | 26% | 25% | 25% | 25% | 25% | 24% | 25% | 25% |
| Net profit | ₹75.0 cr | ₹54.0 cr | ₹75.0 cr | ₹81.0 cr | ₹95.0 cr | ₹92.0 cr | ₹131 cr | ₹140 cr | ₹155 cr | ₹179 cr | ₹230 cr | ₹232 cr |
| YoY | — | — | +10% | +25% | +27% | +70% | +75% | +73% | +63% | +95% | +76% | +66% |
| Core profit YoY | — | — | +18% | +33% | +38% | +67% | +84% | +69% | +66% | +89% | +64% | +64% |
| EPS | ₹5.62 | ₹4.03 | ₹5.64 | ₹6.03 | ₹7.14 | ₹6.88 | ₹9.75 | ₹10.42 | ₹11.57 | ₹13.40 | ₹17.14 | ₹17.34 |
| Flags | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Radico Khaitan Ltd reported revenue of ₹1,547 cr (+19.6% on the year) and net profit of ₹155 cr (+63.2% on the year) for October to December 2025.
Profit before other income, exceptional items and tax moved +66.4% on the year, against +63.2% for reported profit.
None of the 7 checks that could run raised a question.
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