# Radico Khaitan (RADICO) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/radico

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹4,515.2
- Change: -0.22%
- As of: 2026-11-06
- 1D return: -0.22%
- 5D return: +10.49%
- 1M return: +2.27%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

RADICO’s technical setup on 2026-11-06 presents a conflict between strong medium-term momentum and short-term weakness. The stock closed at ₹4,515.20, trading near the upper end of its 20-day (+83.4%) and 252-day (+89.7%) ranges. While the weekly trend remains robust (ADX 40.57) and price sits above all key moving averages, the daily timeframe shows a bearish Supertrend signal and developing trend strength (ADX 20.01). A high-severity downward gap occurred today (-0.2%), following a moderate volume-driven drop on 2026-10-30. Despite these short-term pressures, the stock is up +38.8% YTD and +41.7% over the past year. Immediate resistance lies at ₹4,527.10 (0.26% above), while support is found at ₹4,488.20 (pivot, -0.60%). A break below this pivot level would validate the daily bearish structure, whereas a sustained move above ₹4,527.10 with rising volume could reassert the weekly bullish bias.

- Trend Divergence: Weekly trend is strong (ADX 40.57, bullish Supertrend) while daily trend is developing (ADX 20.01, bearish Supertrend).
- Price Positioning: Trading near multi-year highs (+89.7% in 252-day range); current price ₹4,515.20.
- Key Levels: Resistance at ₹4,527.10 (0.26% above); Support at ₹4,488.20 (pivot, -0.60% below).
- Recent Activity: High-severity downward gap on 2026-11-06; previous moderate volume drop on 2026-10-30.

- Morning Star

### News Context

In the seven-day window ending November 5, 2026, RADICO Khaitan was featured in multiple brokerage research notes ahead of the Diwali Muhurat trading session. Shriram Research included RADICO in its Samvat 2083 stock picks, citing attractive valuations and growth prospects, with an estimated upside potential of 22% from November 2 closing prices. This view aligns with broader sector trends where premium spirits are driving industry growth; however, Nuvama’s Abneesh Roy highlighted United Breweries rather than RADICO as a top pick for superior volume growth among peers. The divergence in analyst focus suggests that while RADICO is viewed favorably on valuation grounds by some brokers, competitive dynamics in the premium liquor segment remain a key area of observation.

- Shriram Research identified RADICO Khaitan as a Diwali Muhurat pick for Samvat 2083, projecting a 22% upside based on attractive valuations and growth prospects (reported Nov 4, 2026).
- The Indian liquor market is showing a divergence between premium spirits and budget segments, with premium brands like Radico Khaitan benefiting from consumer preference shifts (reported Nov 3, 2026).
- Nuvama Institutional Equities named United Breweries, not RADICO, as a top stock pick for the next 12 months, citing superior volume growth compared to peers in the alcoholic beverage sector (reported Nov 3, 2026).

- [Diwali 2026 Muhurat Trading stock picks: Eternal, ICICI, Titan, Radico, 7 more Samvat 2083 stocks by Shriram Research](https://www.livemint.com/market/stock-market-news/diwali-stock-picks-eternal-icici-l-t-titan-to-radico-11-stocks-shriram-research-is-bullish-on-in-samvat-2083-11793796674218.html)
- [Diwali 2026 stock picks: Shriram Research recommends 11 stocks with up to 32% upside](https://www.cnbctv18.com/photos/market/diwali-2026-stock-picks-shriram-research-recommends-11-stocks-with-up-to-32pc-upside-20027168.htm)
- [India raises a toast to premium pours, snubs budget liquor | Company Business News](https://www.livemint.com/companies/news/premium-liquor-radico-khaitan-united-breweries-allied-tilaknagar-earnings-11793691334064.html)
- [ITC, United Breweries and Asian Paints among top picks for next 12 months: Nuvama’s Abneesh Roy](https://www.cnbctv18.com/market/itc-united-breweries-asian-paints-pidilite-hul-trent-radico-khaitan-fmcg-nuvama-alpha-article-20025617.htm)
- [Diwali 2026 Samvat 2083 stock picks: Airtel, ICICI Bank, L&T among 15 shares by Mirae Asset Sharekhan - Full list](https://www.livemint.com/market/stock-market-news/diwali-2026-samvat-2083-stock-picks-airtel-icici-bank-l-t-among-15-shares-by-mirae-asset-sharekhan-full-list-11793614146806.html)

### Official Filings

Radico Khaitan Limited reported record financial performance for the quarter ended September 30, 2026, with net revenue of ₹1,746 crores and EBITDA margins of 20.4%. The company raised its full-year Prestige & Above volume growth guidance to 30% and reaffirmed an EBITDA margin target of approximately 20%. Concurrently, the Board approved Dilip Banthiya as Executive Director and CFO and Saket Somani as Deputy CFO, subject to shareholder approval. Net debt decreased by ₹68.7 crore to ₹175.4 crore compared to March 31, 2026.

- {'metric': 'Q2 FY27 Financials', 'value': 'Revenue: ₹1,746 crores; EBITDA Margin: 20.4%; IMFL Volumes: 10 million cases'}
- {'metric': 'Guidance Update', 'value': 'FY27 Prestige & Above volume growth guidance upgraded to 30%; EBITDA margin target maintained at ~20%'}
- {'metric': 'Leadership Changes', 'value': 'Dilip Banthiya appointed Executive Director & CFO; Saket Somani elevated to Deputy CFO (Board-approved, pending shareholder approval)'}
- {'metric': 'Balance Sheet', 'value': 'Net debt reduced to ₹175.4 crore as of September 30, 2026, down ₹68.7 crore from March 31, 2026'}

- [Radico Khaitan Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/RADICO_03112026111240_Transcriptofearningsconferencecall.pdf)
- [RADICO KHAITAN LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2140_WebXMLFile_20261103_140514170.xml)
- [RADICO KHAITAN LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2140_WebXMLFile_20261029_124854399.xml)
- [Radico Khaitan Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/RADICO_29102026124314_ExchangeIntimation29102026.pdf)
- [Radico Khaitan Limited has informed the Exchange about Copy of Newspaper Publication. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/RADICO_28102026141226_newspaperadvertisement28102026.pdf)
- [Radico Khaitan Limited has informed the Exchange about Link of Recording. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/RADICO_28102026211236_Intimationforaudicallrecording.pdf)
- [RADICO KHAITAN LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2140_WebXMLFile_20261028_213856895.xml)
- [Radico Khaitan Limited has submitted to the Exchange, the financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/RADICO_27102026140827_RESULTS.pdf)
- [Radico Khaitan Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/RADICO_27102026141555_Earningpresentation.pdf)
- [Radico Khaitan Limited has informed the Exchange regarding Appointment of Mr Dilip Kumar Banthiya as Executive Director of the company w.e.f. October 28, 2026. |SUBJECT: Appointment](https://nsearchives.nseindia.com/corporate/RADICO_27102026142525_changeinmanegment.pdf)

### Fundamentals

Radico Khaitan demonstrates a robust financial trajectory, characterized by accelerating earnings and improving cash conversion. For the nine months ended September 2026, sales grew 17% year-on-year to ₹1,745 crore, while net profit surged 66% to ₹232 crore, driving EPS from ₹10.42 to ₹17.34. This growth is supported by strong operating leverage; operating profit rose 50% to ₹357 crore, and interest costs declined to ₹11 crore. Cash flow quality has improved significantly, with CFO/EBITDA rising to 90% and annual cash from operations reaching ₹743 crore in FY2026.

The balance sheet reflects this expansion through higher assets (₹5,496 crore as of Sep 2026) and increased working capital requirements, evidenced by trade receivables rising to ₹1,517 crore and inventories to ₹1,261 crore. Despite these increases, borrowings have been reduced to ₹394 crore, and current liabilities decreased slightly to ₹1,562 crore. ROCE expanded sharply to 24%, indicating efficient capital deployment. However, inventory days remain elevated at 221 days as of March 2026, suggesting slower stock turnover relative to historical norms. In Q2 FY2026-27, sequential income dipped slightly to ₹5,588 crore, though profitability remained stable.

- Earnings Momentum: Net profit for the nine months ended Sep 2026 reached ₹232 crore (+66% YoY), with EPS increasing to ₹17.34 per share.
- Cash Flow Strength: Annual cash from operations hit ₹743 crore in FY2026, with CFO/EBITDA improving to 90%, signaling high earnings quality.
- Leverage Reduction: Borrowings fell to ₹394 crore as of Sep 2026, down from ₹750 crore in Mar 2025, while ROCE expanded to 24%.
- Working Capital Watch: Inventory days stood at 221 days (Mar 2026) and trade receivables rose to ₹1,517 crore (Sep 2026); monitor if these levels persist into full-year results.

### Bull Case

Radico Khaitan presents a conditional upside case anchored by strong relative momentum and favorable sector dynamics, despite near-term daily bearishness. The stock has delivered significant long-term returns, including +41.7% over the past year and +38.8% year-to-date as of November 6, 2026, indicating sustained investor interest. Technically, the monthly trend remains bullish with an ADX of 34.69, while the weekly trend shows bullish signals with an ADX of 40.57 and positive slope indicators, suggesting underlying structural strength even as the daily Supertrend is bearish. Brokerage support reinforces this view; Shriram Research identified Radico as a Diwali Muhurat Trading pick for Samvat 2083, citing attractive valuations and growth prospects with an estimated upside potential of 22%. Furthermore, the broader Indian liquor market is shifting toward premium spirits, a segment where Radico is positioned to benefit from rising consumer preference for higher-value pours, contrasting with pressure in budget segments.

- Long-term performance: +41.7% return over the last year and +38.8% YTD as of Nov 6, 2026, demonstrating robust price appreciation.
- Multi-timeframe technical strength: Monthly (ADX 34.69) and Weekly (ADX 40.57) trends are bullish, contrasting with daily bearishness.
- Brokerage recognition: Shriram Research included Radico in its Diwali 2026 stock picks, projecting 22% upside based on valuations and growth.
- Sector tailwind: Market divergence favors premium spirits growth, aligning with Radico's product mix against budget segment pressures.

- [Diwali 2026 Muhurat Trading stock picks: Eternal, ICICI, Titan, Radico, 7 more Samvat 2083 stocks by Shriram Research](https://www.livemint.com/market/stock-market-news/diwali-stock-picks-eternal-icici-l-t-titan-to-radico-11-stocks-shriram-research-is-bullish-on-in-samvat-2083-11793796674218.html)
- [Diwali 2026 stock picks: Shriram Research recommends 11 stocks with up to 32% upside](https://www.cnbctv18.com/photos/market/diwali-2026-stock-picks-shriram-research-recommends-11-stocks-with-up-to-32pc-upside-20027168.htm)
- [India raises a toast to premium pours, snubs budget liquor | Company Business News](https://www.livemint.com/companies/news/premium-liquor-radico-khaitan-united-breweries-allied-tilaknagar-earnings-11793691334064.html)
- [ITC, United Breweries and Asian Paints among top picks for next 12 months: Nuvama’s Abneesh Roy](https://www.cnbctv18.com/market/itc-united-breweries-asian-paints-pidilite-hul-trent-radico-khaitan-fmcg-nuvama-alpha-article-20025617.htm)
- [Diwali 2026 Samvat 2083 stock picks: Airtel, ICICI Bank, L&T among 15 shares by Mirae Asset Sharekhan - Full list](https://www.livemint.com/market/stock-market-news/diwali-2026-samvat-2083-stock-picks-airtel-icici-bank-l-t-among-15-shares-by-mirae-asset-sharekhan-full-list-11793614146806.html)
- [Radico Khaitan Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/RADICO_03112026111240_Transcriptofearningsconferencecall.pdf)
- [RADICO KHAITAN LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2140_WebXMLFile_20261103_140514170.xml)
- [RADICO KHAITAN LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2140_WebXMLFile_20261029_124854399.xml)
- [Radico Khaitan Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/RADICO_29102026124314_ExchangeIntimation29102026.pdf)
- [Radico Khaitan Limited has informed the Exchange about Copy of Newspaper Publication. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/RADICO_28102026141226_newspaperadvertisement28102026.pdf)

### FAQs

**What were Radico Khaitan's key financial results for the quarter ended September 30, 2026?**

For Q2 FY27 (ended September 30, 2026), Radico reported record revenue of ₹1,746 crores and EBITDA of ₹356 crores, reflecting a 20.4% margin. IMFL volumes exceeded 10 million cases. Management upgraded full-year Prestige & Above volume growth guidance to 30% and reaffirmed an EBITDA margin target of approximately 20%.

**How is Radico performing relative to broader market trends in the liquor sector?**

Radico benefits from a market divergence where premium spirits drive growth while budget segments face pressure. Shriram Research identified Radico as a Diwali Muhurat Trading pick with an estimated upside potential of 22%, citing attractive valuations and growth prospects amidst improved corporate earnings and policy support.

**What are the current technical price levels and recent performance metrics for RADICO?**

As of November 6, 2026, RADICO closed at ₹4,515.20 with a market cap of approximately ₹60,627 crores. The stock has gained +38.8% YTD and +41.7% over the past year. Immediate resistance lies near ₹4,527.10, while support is observed around ₹4,488.20. The monthly trend remains bullish, though the daily trend is currently bearish.

- [Diwali 2026 Muhurat Trading stock picks: Eternal, ICICI, Titan, Radico, 7 more Samvat 2083 stocks by Shriram Research](https://www.livemint.com/market/stock-market-news/diwali-stock-picks-eternal-icici-l-t-titan-to-radico-11-stocks-shriram-research-is-bullish-on-in-samvat-2083-11793796674218.html)
- [Diwali 2026 stock picks: Shriram Research recommends 11 stocks with up to 32% upside](https://www.cnbctv18.com/photos/market/diwali-2026-stock-picks-shriram-research-recommends-11-stocks-with-up-to-32pc-upside-20027168.htm)
- [India raises a toast to premium pours, snubs budget liquor | Company Business News](https://www.livemint.com/companies/news/premium-liquor-radico-khaitan-united-breweries-allied-tilaknagar-earnings-11793691334064.html)
- [ITC, United Breweries and Asian Paints among top picks for next 12 months: Nuvama’s Abneesh Roy](https://www.cnbctv18.com/market/itc-united-breweries-asian-paints-pidilite-hul-trent-radico-khaitan-fmcg-nuvama-alpha-article-20025617.htm)
- [Diwali 2026 Samvat 2083 stock picks: Airtel, ICICI Bank, L&T among 15 shares by Mirae Asset Sharekhan - Full list](https://www.livemint.com/market/stock-market-news/diwali-2026-samvat-2083-stock-picks-airtel-icici-bank-l-t-among-15-shares-by-mirae-asset-sharekhan-full-list-11793614146806.html)
- [Radico Khaitan Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/RADICO_03112026111240_Transcriptofearningsconferencecall.pdf)
- [RADICO KHAITAN LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2140_WebXMLFile_20261103_140514170.xml)
- [RADICO KHAITAN LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2140_WebXMLFile_20261029_124854399.xml)
- [Radico Khaitan Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/RADICO_29102026124314_ExchangeIntimation29102026.pdf)
- [Radico Khaitan Limited has informed the Exchange about Copy of Newspaper Publication. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/RADICO_28102026141226_newspaperadvertisement28102026.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹4,488.2
- Risk regime: Price Risk Requires Attention

### Support levels
- 4377.7
- 4298.8
- 4040.875

### Resistance levels
- 4527.1
- 4604.0625
- 4747

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.22% |
| return_10 | +8.61% |
| return_1m | +1.24% |
| return_1y | +41.72% |
| return_20 | +2.27% |
| return_3m | +1.01% |
| return_5 | +10.49% |
| return_6m | +34.49% |
| return_since_start | +74.87% |
| return_ytd | +38.76% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -27.01% |
| annualized_volatility | +33.65% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Radico Khaitan Q2 FY27: Profit rises as expenses fall faster than revenue

Radico Khaitan reported Q2 FY27 revenue from operations of ₹5,583 crore, up 10.4% year on year but down 4.9% from Q1 FY27. Profit before tax rose 3.3% sequentially to ₹308 crore as expenses declined more than revenue, while profit for the period increased 1.2% to ₹232 crore.

## Revenue and expenses

Revenue from operations was ₹285 crore lower than Q1 FY27’s ₹5,868 crore. Expenses fell ₹292 crore, or 5.2%, to ₹5,280 crore. Compared with Q2 FY26, revenue grew 10.4% and expenses rose 8.4%.

Q2 FY27 expenses included ₹927 crore of materials consumed, ₹11.5 crore of purchases of stock in trade, ₹66.2 crore of employee benefit expense and ₹43.2 crore of depreciation. The change in inventories of finished goods, work in progress and stock in trade was negative ₹31.9 crore.

## Earnings and tax

Profit before tax was ₹308 crore, versus ₹298 crore in Q1 FY27 and ₹186 crore in Q2 FY26. Tax expense was ₹76.8 crore, compared with ₹75.4 crore in Q1 FY27. Profit for the period was ₹232 crore, including ₹231 crore from continuing operations.

Basic earnings per share was ₹17.34, compared with ₹17.15 in Q1 FY27 and ₹10.43 in Q2 FY26. Finance costs declined to ₹11.4 crore from ₹11.7 crore in Q1 FY27 and ₹16.3 crore in Q2 FY26.

## Cash flow and balance sheet

Operating cash flow was ₹378 crore in Q2 FY27. Investing activities used ₹155 crore and financing activities used ₹240 crore; reported free cash flow was ₹223 crore. Cash and cash equivalents were ₹53.9 crore at 30 September 2026, down from ₹70.3 crore at 31 March 2026.

Equity attributable to owners of the parent increased to ₹3,670 crore at 30 September 2026 from ₹3,316 crore at 31 March 2026. Current borrowings declined to ₹247 crore from ₹313 crore. Over the same dates, inventories rose to ₹1,261 crore and trade receivables to ₹1,517 crore. Noncurrent investments stood at ₹245 crore at quarter-end.

## Valuation context

Trailing 12-month EPS was ₹59.47, with a reported price-to-earnings ratio of 72.1 times on that basis.

## Key Takeaway

Q2 FY27 delivered year-on-year revenue growth and a sequential increase in pre-tax profit despite lower sequential revenue, as expenses fell by more. Operating cash generation was strong, but quarter-end cash was below March levels while inventories and receivables were higher—balances to monitor alongside earnings growth.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +40.17%
- FII holding: +19.43%
- DII holding: +27.17%
- Mutual fund holding: +21.40%
- Retail holding: +8.18%
- Promoter pledged: +0.00%

### Major reported shareholders

- SAPPHIRE INTREX LIMITED — +33.87% (Bodies Corporate)
- RAMPUR INTERNATIONAL LIMITED — +3.92% (Bodies Corporate)
- NIPPON LIFE INDIA TRUSTEE LTD — +2.86%
- KOTAK MAHINDRA TRUSTEE CO LTD — +2.83%
- AXIS MUTUAL FUND TRUSTEE LIMITED — +2.53%
- HSBC MUTUAL FUND — +2.52%
- CLASSIC FINTREX PRIVATE LTD — +1.92% (Bodies Corporate)
- TATA AIA LIFE INSURANCE COMPANY LIMITED — +1.65%
- EDELWEISS TRUSTEESHIP CO LTD — +1.46%
- ADITYA BIRLA SUN LIFE MUTUAL FUND — +1.41%

## Official filings

- 2026-11-03 — Generic Announcement: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RADICO_03112026111240_Transcriptofearningsconferencecall.pdf)
- 2026-11-03 — Generic Announcement: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2140_WebXMLFile_20261103_140514170.xml)
- 2026-10-29 — Generic Announcement: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2140_WebXMLFile_20261029_124854399.xml)
- 2026-10-29 — Generic Announcement: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RADICO_29102026124314_ExchangeIntimation29102026.pdf)
- 2026-10-28 — Generic Announcement: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RADICO_28102026141226_newspaperadvertisement28102026.pdf)
- 2026-10-28 — Generic Announcement: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RADICO_28102026211236_Intimationforaudicallrecording.pdf)
- 2026-10-28 — Generic Announcement: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2140_WebXMLFile_20261028_213856895.xml)
- 2026-10-27 — Generic Announcement: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RADICO_27102026140827_RESULTS.pdf)
- 2026-10-27 — Earnings Presentation: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RADICO_27102026141555_Earningpresentation.pdf)
- 2026-10-27 — Management Change: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RADICO_27102026142525_changeinmanegment.pdf)
- 2026-10-27 — Generic Announcement: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RADICO_27102026142905_changeinmanegment.pdf)
- 2026-10-27 — Generic Announcement: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2140_WebXMLFile_20261027_153005628.xml)
- 2026-10-27 — Financial Results Filing: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1746774_27102026043327_WEB.xml)
- 2026-10-27 — Financial Results Filing: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1746775_27102026043350_WEB.xml)
- 2026-10-27 — Generic Announcement: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RADICO_27102026184728_DisclosureunderReg30.pdf)
- 2026-10-27 — Generic Announcement: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_2140_WebXMLFile_20261027_193424977.xml)
- 2026-10-16 — Generic Announcement: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RADICO_16102026140959_Special_Window_for_Transfer.pdf)
- 2026-10-16 — Generic Announcement: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RADICO_16102026154942_ESGRating.pdf)
- 2026-10-14 — Generic Announcement: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RADICO_14102026122625_IntimationconferencecallQ2FY2027.pdf)
- 2026-10-14 — Generic Announcement: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2140_WebXMLFile_20261014_123843308.xml)
- 2026-10-08 — Shareholding Disclosure: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1734404_08102026050721_WEB.xml)
- 2026-10-06 — Generic Announcement: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RADICO_06102026160244_dpregulation.pdf)
- 2026-10-06 — Generic Announcement: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2140_WebXMLFile_20261006_161750358.xml)
- 2026-10-06 — Board Meeting Notice: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RADICO_06102026161107_IntimationBM.pdf)
- 2026-10-06 — Board Meeting Notice: Radico Khaitan Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2140_WebXMLFile_20261006_161750358.xml)

## News and market events

- 2026-11-06 — Economic Times: **CFO corner: Radico Khaitan, Porter, InMobi and Apollo Tyres announce finance leadership changes** — Radico Khaitan, Porter, InMobi, and Apollo Tyres have announced key finance leadership changes, including the appointment of Saket Somani as deputy CFO at Radico Khaitan and Gaurav Jain as CFO at Porter. InMobi elevated Hema Namburi to Group CFO, while Apollo Tyres appointed Ravi Kumar Shingari as its new chief financial officer. These developments reflect ongoing shifts in corporate finance leadership across the alcoholic beverages, logistics, technology, and automotive sectors. — [Source](https://cfo.economictimes.indiatimes.com/news/leadership/cfo-corner-radico-khaitan-porter-inmobi-and-apollo-tyres-announce-finance-leadership-changes/135606675)
- 2026-11-04 — Mint: **Diwali 2026 Muhurat Trading stock picks: Eternal, ICICI, Titan, Radico, 7 more Samvat 2083 stocks by Shriram Research** — Shriram Research has identified 11 stocks, including Eternal Limited, ICICI Bank, and Titan Company Limited, as Diwali Muhurat Trading picks for Samvat 2083, citing improved corporate earnings and policy support as potential market tailwinds. The brokerage highlighted Aeroflex Industries Limited with the highest upside potential of 32%, followed by Radico Khaitan at 22% due to attractive valuations and growth prospects. These selections aim to reward investors who focus on fundamentals amidst a backdrop of negative returns in the previous fiscal year. — [Source](https://www.livemint.com/market/stock-market-news/diwali-stock-picks-eternal-icici-l-t-titan-to-radico-11-stocks-shriram-research-is-bullish-on-in-samvat-2083-11793796674218.html)
- 2026-11-04 — CNBC-TV18: **Diwali 2026 stock picks: Shriram Research recommends 11 stocks with up to 32% upside** — Shriram Research has released a Diwali 2026 stock basket comprising 11 equities across banking, healthcare, consumer, industrial, and technology sectors, projecting an average upside potential of approximately 19% from November 2 closing prices. The recommendation highlights specific growth drivers for each company, such as Aeroflex’s data centre demand, ICICI Bank’s strong loan growth, and L&T’s record order inflows. This analysis provides investors with targeted insights into entities expected to benefit from sector-specific trends like liquid cooling, premiumisation, and EV exposure. — [Source](https://www.cnbctv18.com/photos/market/diwali-2026-stock-picks-shriram-research-recommends-11-stocks-with-up-to-32pc-upside-20027168.htm)
- 2026-11-04 — Mint: **India raises a toast to premium pours, snubs budget liquor | Company Business News** — India's liquor market is experiencing a divergence where premium spirits and beer are driving growth for companies like Radico Khaitan and United Breweries, while budget segments face pressure. This trend was evident in the September quarter earnings, with United Spirits reporting a sharp decline in lower-priced spirit sales despite buoyant prestige segment performance. — [Source](https://www.livemint.com/companies/news/premium-liquor-radico-khaitan-united-breweries-allied-tilaknagar-earnings-11793691334064.html)
- 2026-11-03 — CNBC-TV18: **ITC, United Breweries and Asian Paints among top picks for next 12 months: Nuvama’s Abneesh Roy** — Nuvama Institutional Equities named United Breweries, ITC, and Asian Paints as top stock picks for the next 12 months, upgrading ITC to a buy rating based on anticipated favorable tax conditions ahead of the Union Budget. The brokerage highlighted Marico’s diversification and growth triggers, Trent’s recovery from a tough cycle, and United Breweries’ superior volume growth compared to peers in the alcoholic beverage sector. Additionally, Asian Paints and Pidilite Industries are expected to benefit from price hikes and crude oil corrections, while Hindustan Unilever is noted for gaining market — [Source](https://www.cnbctv18.com/market/itc-united-breweries-asian-paints-pidilite-hul-trent-radico-khaitan-fmcg-nuvama-alpha-article-20025617.htm)
- 2026-11-02 — Mint: **Diwali 2026 Samvat 2083 stock picks: Airtel, ICICI Bank, L&T among 15 shares by Mirae Asset Sharekhan - Full list** — Mirae Asset Sharekhan has identified 15 stocks across large-, mid-, and small-cap segments for Samvat 2083, citing growth prospects in banking, telecom, infrastructure, and consumer goods. The selection includes major entities such as Bharti Airtel, ICICI Bank, and Larsen & Toubro, alongside smaller firms like DEE Development Engineers, which carries the highest estimated upside of 37%. Target prices and implied upside percentages vary significantly across the basket, ranging from 12% for Navin Fluorine International to 37% for DEE Development Engineers. — [Source](https://www.livemint.com/market/stock-market-news/diwali-2026-samvat-2083-stock-picks-airtel-icici-bank-l-t-among-15-shares-by-mirae-asset-sharekhan-full-list-11793614146806.html)
- 2026-11-02 — Economic Times: **Nifty’s next move hinges on breakout above 23,200: Analysts** — Analysts from HDFC Securities, Tradebulls Securities, and Anand Rathi Share and Stock Brokers have issued recommendations for specific equities including DLF, Zensar Technologies, Coforge, BSE, and ITC, citing technical breakouts and accumulation patterns, while advising a sell position for Radico due to negative momentum signals. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/nifty-faces-key-23200-hurdle-analysts-remain-cautious/articleshow/135440855.cms)
- 2026-10-31 — The Hindu: **Radico Khaitan sets sights on Scotland to secure malt whisky supplies** — Radico Khaitan Ltd. has incorporated Radico Khaitan Scotland Ltd. to explore opportunities in whisky distillation, maturation, and trading to strengthen its malt whisky supply chain and expand overseas operations. The company clarified that this move does not alter the Indian provenance of its Rampur single malt whisky, which will continue to be distilled and matured in India. — [Source](https://www.thehindu.com/business/Industry/radico-khaitan-sets-sights-on-scotland-to-secure-malt-whisky-supplies/article71650010.ece)
- 2026-10-29 — BUSINESSTODAY: **Airtel, ICICI Bank, L&T, Titan, Dee Development among brokerage's top Diwali 2026 picks** — Mirae Asset Sharekhan has identified a set of large-cap, mid-cap and small-cap stocks as its Diwali picks for 2026 (Samvat 2083), with Bharti Airtel, ICICI Bank, Larsen & Toubro (L&T), Titan Company and Dee Development Engineers among its selections.The brokerage's large-cap picks include Bharti Airtel, ICICI Bank, Larsen & Toubro (L&T), Titan Company and UltraTech Cement.Bharti Airtel has a price target of Rs 2,350, indicating a potential upside of 21 per cent from Mirae's assessed market price. — [Source](https://www.businesstoday.in/markets/stocks/story/airtel-icici-bank-lt-titan-dee-development-among-brokerages-top-diwali-2026-picks-564480-2026-10-29)
- 2026-10-29 — MONEYCONTROL: **Radico Khaitan: Premium brands power Q2 FY27 earnings growth** — [Source](https://www.moneycontrol.com/news/business/moneycontrol-research/radico-khaitan-premium-brands-power-q2-fy27-earnings-growth-14063088.html)
- 2026-10-28 — The Hindu: **Indian tax officials visit liquor maker Radico Khaitan's offices amid Scotch imports review** — Indian tax officials visit Radico Khaitan offices amid broader scrutiny of Scotch imports and tariff classifications. — [Source](https://www.thehindubusinessline.com/companies/indian-tax-officials-visit-liquor-maker-radico-khaitans-offices-amid-scotch-imports-review/article71634228.ece)
- 2026-10-28 — CNBC-TV18: **ICICI Securities sees telecom among Nifty's biggest sectors as tariff hike nears** — Pankaj Pandey, Head of Retail Research at ICICI Securities, expects another 16-20% telecom tariff hike to improve 5G monetisation and cash flows, while limited competition could support long-term growth. The brokerage also highlighted Radico Khaitan's premiumisation strategy and Piramal Pharma's expanding CDMO business as key investment themes. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions. — [Source](https://www.cnbctv18.com/videos/market/icici-securities-telecom-tariff-hike-radico-khaitan-piramal-pharma-pankaj-pandey-20020993.htm)
- 2026-10-28 — Mint: **Sunteck Realty, Radico Khaitan, WeWork India, Supreme Industries, Kajaria: Jefferies sees up to 64% upside; target price** — Jefferies India has reduced target price in Suntech Realty, Supreme Industries shares — [Source](https://www.livemint.com/market/stock-market-news/sunteck-realty-radico-khaitan-wework-india-supreme-industries-kajaria-jefferies-sees-up-to-64-upside-target-price-11793118823438.html)
- 2026-10-27 — MONEYCONTROL: **Radico Khaitan shares settle 2% higher after liquor maker posts 66% rise in Q2** — Radico Khaitan shares settle 2% higher after liquor maker posts 66% rise in Q2 Radico Khaitan shares settle 2% higher after liquor maker posts 66% rise in Q2 Radico Khaitan reported a 66.5 percent increase in consolidated net profit at Rs 232.34 crore for September quarter FY27, helped by its focus on a premium-first strategy. — [Source](https://www.moneycontrol.com/news/stocks/buzzing-stocks/radico-khaitan-shares-settle-2-higher-after-liquor-maker-posts-66-rise-in-q2-14061387.html)
- 2026-10-27 — The Hindu: **Radico Khaitan posts record Q2 as profit surges 66%, stock climbs 1.5%** — Radico Khaitan Limited reported its highest-ever quarterly revenue, EBITDA and volume in the July–September 2026 quarter, with standalone net profit jumping 66.1 per cent year-on-year to ₹230.9 crore. — [Source](https://www.thehindubusinessline.com/markets/stock-markets/radico-khaitan-posts-record-q2-as-profit-surges-66-stock-climbs-15/article71630715.ece)
- 2026-10-19 — Times of India: **Top stocks to buy: Stock recommendations for October 19, 2026 week - check list** — Stock market recommendations: Radico Khaitan, and Bharti Airtel - Motilal Oswal Wealth Management Research Desk has recommended these as the top stocks to — [Source](https://timesofindia.indiatimes.com/business/india-business/top-stock-recommendations-for-october-19-2026-week-radico-khaitan-bharti-airtel-stocks-to-buy-today/articleshow/135038215.cms)
- 2026-10-01 — BUSINESSTODAY: **Marico, Radico Khaitan, United Breweries, HUL, Tata Consumer: Brokerage shares top BUYs; here are Q2 expectations** — Marico, Radico Khaitan, United Breweries, HUL, Tata Consumer, Marico shares, Radico Khaitan shares, United Breweries shares, HUL shares, Tata Consumer shares, Marico Q2 expectations, Radico Khaitan Q2 expectations, United Breweries Q2 expectations, HUL Q2 expectations, Tata Consumer Q2 expectations — [Source](https://www.businesstoday.in/markets/stocks/story/marico-radico-khaitan-united-breweries-hul-tata-consumer-brokerage-shares-top-buys-here-are-q2-expectations-559012-2026-10-01)
- 2026-10-01 — Economic Times: **Max Healthcare Institute among 3 F&O stocks with a sharp rise in futures open interest** — On September 30, three stocks in the NSE F&O segment recorded over 7% increases in futures open interest, indicating higher active contract positions and increased market participation. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/max-healthcare-institute-among-3-fampo-stocks-with-a-sharp-rise-in-futures-open-interest/slideshow/134607334.cms)
- 2026-09-28 — Economic Times: **Radico Khaitan flies Rampur, Sangam whiskies into Scotch’s backyard** — Radico Khaitan has extended its luxury whisky brands, including Rampur and Sangam, to four major UK airports. The company aims to increase the visibility of its products among international travellers through this expansion. More than 170 million passengers travelled through these airports in 2025, presenting a significant opportunity. Their goal is to build brand presence and recognition for Indian spirits globally. — [Source](https://economictimes.indiatimes.com/industry/cons-products/liquor/radico-khaitan-takes-rampur-sangam-whisky-brands-to-four-uk-airports/articleshow/134545442.cms)
- 2026-09-28 — IANSLIVE.IN: **Radico Khaitan marks global travel retail milestone with UK Airport expansion** — New Delhi, Sep 28 (IANS) Radico Khaitan Limited, one of India's leading spirits companies, is taking its portfolio of Indian luxury spirits to four major UK airports, becoming the first Indian spirit brands to be available across these airports' duty-free shops. — [Source](https://ianslive.in/radico-khaitan-marks-global-travel-retail-milestone-with-uk-airport-expansion--20260928141349)
- 2026-09-28 — MONEYCONTROL: **Rampur whisky expands across Heathrow, Gatwick, Manchester and Birmingham duty-free shops** — Radico Khaitan, Rampur Indian Single Malt, Rampur whisky UK, Indian whisky UK, Heathrow duty free, Sangam World Malt, Radico Khaitan UK, Indian single malt whisky, global travel retail, Rampur whisky Heathrow — [Source](https://www.moneycontrol.com/news/business/rampur-whisky-expands-across-heathrow-gatwick-manchester-and-birmingham-duty-free-shops-14039822.html)
- 2026-09-28 — The Hindu: **Radico Khaitan takes Indian whisky to UK airport duty-free shops** — The company currently operates across more than 65 duty-free locations globally and is targeting expansion to over 100 — [Source](https://www.thehindubusinessline.com/companies/radico-khaitan-takes-indian-whisky-to-uk-airport-duty-free-shops/article71518352.ece)
- 2026-09-25 — MONEYCONTROL: **Radico Khaitan shares gain as JM Financial sees up to 16% upside** — Radico Khaitan shares, Radico Khaitan share price today news, Radico Khaitan shares today, Radico Khaitan share price target — [Source](https://www.moneycontrol.com/news/business/markets/radico-khaitan-shares-gain-as-jm-financial-sees-up-to-16-upside-14038287.html)
- 2026-09-25 — BUSINESSTODAY: **MCX, Divis Labs, Radico Khaitan: Top stocks to trade — Key levels, target prices & stop loss** — Stocks to buy, Stock picks, Stocks to trade, trading views, Divis Laboratories, Multi Commodity Exchange of India, MCX, Radico Khaitan, Divis Labs shares, MCX shares, Radico Khaitan shares, Divis Labs share price, MCX share price, Radico Khaitan share price, Divis Labs stock price, MCX stock price, Radico Khaitan stock price, Divis Labs target price, MCX target price, Radico Khaitan target price — [Source](https://www.businesstoday.in/markets/stocks/story/mcx-divis-labs-radico-khaitan-top-stocks-to-trade-key-levels-target-prices-stop-loss-557711-2026-09-25)
- 2026-09-24 — MONEYCONTROL: **Trade Spotlight: How should you trade Vijaya Diagnostic Centre, IDFC First Bank, Radico Khaitan, MCX India, Phoenix Mills, and others on September 24?** — Trade Spotlight, Buy Ideas,Top Buy Ideas,Top Picks,Stock Picks,Top Stock Picks,Share Tips,Share Market Tips,Stock Tips,Stock Market Tips,Vijaya Diagnostic Centre,Somany Ceramics,IDFC First Bank,Radico Khaitan,Phoenix Mills,Multi Commodity Exchange of India — [Source](https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-vijaya-diagnostic-centre-idfc-first-bank-radico-khaitan-mcx-india-phoenix-mills-and-others-on-september-24-14036848.html)

## Business profile

**Strategic vision:** Indian manufacturer of Indian Made Foreign Liquor and industrial alcohol.

### Business segments
- **Indian Made Foreign Liquor (IMFL):** The primary business segment is the manufacturing, bottling, and marketing of branded alcoholic beverages.
- **Industrial Alcohol:** Manufactures Extra Neutral Alcohol (ENA) and Rectified Spirit, sold to other liquor manufacturers or utilized for industrial processes.

### Competitive strengths
- Integrated manufacturing and bottling capabilities.
- Established brand portfolio across multiple liquor categories.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/radico
Markdown representation: https://faxioms.com/stocks/radico?render=md