New Delhi: Radico Khaitan Limited, one of the largest spirits companies in India (referred to as “Radico Khaitan” or the “Company”), announces its Unaudited Third Quarter results for FY2016.
Commenting on the performance, Dr. Lalit Khaitan, Chairman and Managing Director said: “I am pleased to share the results of another successful quarter with robust financial performance. Our premium brand volumes continued to demonstrate strong growth, a reflection of consumer acceptance and loyalty for our core brands. In line with our ongoing strategy of delivering profitable growth, increasing contribution from our Prestige & Above category brands enabled us to report significant improvement in EBITDA margins. We are delighted with the performance of our core brands portfolio including the new launches such as ELECTRA. Our management team is confident that our brand strategy will deliver sustainable growth in the years to come.”
Commenting on the performance, Mr. Abhishek Khaitan, Managing Director said: “Radico Khaitan continued to deliver consistent and profitable growth with EBITDA margins of 13.1% which is close to 3% higher than the same quarter previous year. Importantly, Prestige & Above category brands reported a robust 10.7% y-o-y growth. These brands now contribute 24.6% of the total IMFL volumes, a significant increase compared to 21.4% a year ago. Prices of raw materials such as ENA and glass bottles remained stable during the quarter. This coupled with the expected price increases will significantly improve the top-line and profitability of the Company in the near to midterm.”
Net Sales: Includes sale from tie-up units net of royalty income
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