Q3FY19: Radico Khaitan net profit soars 49 per cent

Q3FY19: Radico Khaitan net profit soars 49 per cent

Advait Dharmadhikari
/ Categories: Trending, DSIJ News

Liquor manufacturer Radico Khaitan’s net profit came in at Rs. 52.1 crore on the back of a significant reduction in finance costs for the quarter ended December 2018 as against Rs. 35 crore for the corresponding quarter last year. The company reported revenues of Rs. 553 crore, up 14.6 per cent YoY on account of higher volumes from the premium prestige and above segment, which increased 18.5 per cent, whereas the regular segment reported a 3.4 per cent increase in volumes. The overall volume growth stood at 7.2 per cent. 

The company reported an EBITDA of Rs. 95.8 crore higher by 26.9 per cent from 75.5 crore YoY. The EBITDA margin rose 170 bps YoY to 17.3 per cent as against 15.6 per cent for the corresponding quarter last year. 
Interest expenses for the company have reduced by more than 50 per cent to Rs.7.6 crore as the company has been focusing on reducing the debt on its balance sheet since the last few years. 

Demand prospects for liquor companies remain positive as India has a very young population and per capita consumption in the country is much lower than western countries. 

On Friday, Radico Khaitan closed at Rs. 437 per share, down 0.74 per cent making an intraday high/low of Rs. 429.3/448.65 on the BSE.

Previous Article Sensex tumbles 425 points in closing
Next Article VIP Industries: PAT declines 11.4 per cent in Q3FY19
Rate this article:
3.8

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR