Radico Khaitan Q3 profits leap 61.1%
Indian spirits company Radico Khaitan has posted ‘record’ results for the third quarter (Q3) of its 2026 financial year (FY26), highlighted by a 61.1% increase in net profit.
From 1 October to 31 December 2025, Radico Khaitan reported a 16.7% increase in sales of Indian-made foreign liquor (IMFL), reaching 9.75 million cases. For FY25, the company’s case sales totalled 8.36m.
Radico’s ‘Prestige and Above’ segment increased by 25.9% in Q3, while its ‘Regular and Other’ division soared by 32.7%.
The company experienced a 44.9% increase in earnings before interest, taxes, depreciation, and amortisation (EBITDA), amounting to INR₹265.4 crore (US$28.9m), while total gross profits grew by 29.2% to INR₹719.4 crore (US$79.1m).
The net total revenue from operations, on the other hand, increased by 19.5% to INR₹1.6 million crore (US$19 billion).
The company’s total comprehensive income increased by 61.1% from INR₹95.4 crore (US$11.3m) in Q3 FY25 to INR₹153.7 crore (US$16.7m) in Q3 FY26.
For the nine-month period, the company posted comprehensive income of INR₹423.8 crore (US$46.2m), up 67.6% year-on-year.
Dr Lalit Khaitan, chairman and managing director of Radico Khaitan, commented on the results: “The Indian spirits sector continues to exhibit strong momentum, underpinned by steady demand and an accelerating shift towards premiumisation, trends that were clearly visible during the festive quarter.
“Q3 FY26 marked a remarkable step-up in Radico Khaitan’s performance, translating favourable consumer trends into the best-ever quarterly results across all key parameters. Driven by a premium-led portfolio, a stable raw material environment and enhanced operating leverage, we delivered meaningful margin expansion and stronger return ratios.
“Our sustained focus on brand-building, premium positioning and cost discipline is now clearly reflected in a step-change in the quality of earnings. Backed by a strong balance sheet and a differentiated brand portfolio, we remain well-positioned to capitalise on the structural growth opportunities in the Indian spirits industry.”
Growing portfolio
Radico Khaitan has ‘significantly’ expanded its portfolio in the past five years.
Last year, the company introduced two new brands to its range: The Spirit of Kashmyr and Rampur 1943 Virasat Indian single malt.
In October 2025, Radico Khaitan also partnered with Bollywood actor and producer Shah Rukh Khan to launch a new premium spirits brand called D’Yavol Spirits.
Abhishek Khaitan, managing director of Radico Khaitan, added: “Radico Khaitan’s quarterly performance underscores the power of purposeful brand-building and execution at scale, enabled by the passion, ownership and execution excellence of our teams across the organisation.
“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.
“We are accelerating our presence in the on-trade channel, where premium consumption and strong brand advocacy among trade partners and influencers are deepening consumer engagement and long-term brand equity. 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.”
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