Radico Khaitan s Q1 net profit up 36%
By IANS |
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Radico Khaitan.(photo:instagram). Image Source: IANS News
New Delhi, July 29 : Spirits maker Radico Khaitan has reported a 35.7 per cent rise in its standalone net profit for the April-June quarter at Rs 59.82 crore.
During the same period of FY21, the company has reported a net profit of Rs 4,407.29 crore.
Lalit Khaitan, Chairman and Managing Director said: After closing FY2021 on a positive note, it is heartening to report a robust performance in Q1 FY2022. The disruptive second wave of the pandemic impacted businesses from the second half of April. However, we noted rebound in volumes by the second fortnight of June 2021. Teams across different divisions came together with resilience and strength to ensure seamless operations and continued dispatches. This has enabled us to outperform the industry yet another quarter, he said.
Spirit maker Radico Khaitan has nearly doubled its standalone net profit for the January-March quarter, on a year-on-year basis, at Rs 73.55 crore.During the same period of FY20, the company had posted a standalone net profit of Rs 38.44 .
On a consolidated basis, Radico Khaitan posted a 91.3% jump in net profit to Rs 73.55 crore on 18.7% rise in net sales to Rs 694.73 crore in Q4 FY21 over Q4 FY20.Profit before tax jumped 74.7% to Rs 94.44 crore in Q4 FY21 from Rs 54.05 crore in Q4 FY20. EBITDA grew by 28% to Rs 101.93 crore in Q4 FY21 from Rs 79.61 crore in Q4 FY20. EBITDA margin improved to 14.7% in Q4 FY21 from 13.6% in Q4 FY20.
During the quarter, total Indian-made foreign liquor (IMFL) volume growth was 7.8% led by Prestige & Above category which increased by 15.4%. Excluding Andhra Pradesh, total IMFL volume growth was strong double digit. Total IMFL revenue growth was 15.8%. IMFL sales value accounted for 79.7% of the revenue from operations (net).
The companies claimed that a number key recommendations were unhealthy and would result in restrictive trade practices . (Representative image)
NEW DELHI: Four liquor manufacturers on Sunday raised objections to the Delhi government s new excise policy recommendations and warned that these would bring in cartelization besides hitting the government s revenue.
The Delhi government had recently received around 10,000 suggestions on the recommendations of its expert committee on several issues, including opening more private liquor vends and reducing the legal age for drinking from 25 to 21 years.
The excise department of the city government had sought comments and suggestions from the general public on the report of the expert committee by January 21.
Radico Khaitan reported a 44.6% jump in net profit to Rs 80.53 crore on 5.6% rise in revenue from operations to Rs 684.21 in Q3 December 2020 over Q3 December 2019.The liquor maker s profit before tax stood at Rs 108.17 crore in Q3 December 2020, 45.1% higher than Rs 74.54 crore in Q3 December 2019. Current tax for quarter ended December 2020 was steeply higher at Rs 25.93 crore as against Rs 16.43 crore in December 2019.
EBITDA grew by 21.3% year on year to Rs 123.98 crore in Q3 FY21 from Rs 102.19 crore in Q3 FY20. EBITDA margin improved to 18.1% in Q3 FY21 from 15.8% in Q3 FY20, on account of gross margin improvement and cost rationalization.