The Indian alcohol industry is experiencing steady growth, driven by factors such as a young demographic, rising disposable incomes, and increasing social acceptance of alcohol consumption the industry which includes spirits, beer, and wine, is expected to grow at a Compound Annual Growth Rate (CAGR) of around 6-8 percent from 2023 to 2028.
Listed below are the dominant players in the alcoholic beverage segment that have declared robust Q2FY24 results and are ruling the sector they mostly operate in.
Radico Khaitan
Radico Khaitan Limited is engaged in the business of manufacturing alcohol and alcoholic products such as Indian-made foreign liquor and country liquor. Some of the brands sold by it are Magic Moments Vodka, Regal Talons Premium Grain whisky, 8 Pm Premium Black Whiskey, and many more.
Radico Khaitan Limited’s alcoholic beverages like Magic Moments Vodka and Morpheus Super Premium Brandy holds a leading market share of 60 percent and 64 percent respectively.
Price Action
With a market capitalization of Rs. 30,532 Crores, the shares of Radico Khaitan Limited closed at Rs. 2,282.55 per equity share, up 0.75 percent from its previous day’s close price of Rs. 2265.45.
Q2FY25 Results
Its Revenue from operations grew by 10 percent YoY from Rs. 3,569.06 Crores in Q2FY24 to Rs. 3,906.58 Crores in Q2FY25 and it declined by 8 percent QoQ from Rs. 4,265.62 Crores in Q1FY25 to Rs. 3,906.58 Crores in Q2FY25.
Its Net Profit grew by 25 percent YoY from Rs. 64.83 Crores in Q2FY24 to Rs. 80.66 Crores in Q2FY25 and it grew by 4 percent QoQ from Rs. 77.38 Crores in Q1FY25 to Rs. 80.66 Crores in Q2FY25. Its Net Profit Margin increased from 1.81 percent in Q2FY24 to 2.06 percent in Q2FY25.
The volume values for its Indian Made Foreign Liquor declined by 2.5 percent to 6.78 million cases and its Prestige & Above brand’s volume grew by 12.6 percent to 3.20 Million Cases.
Management Comments
Commenting on the results and performance, Mr. Abhishek Khaitan, Managing Director said:
“Q2 FY2025 marked a significant turnaround in our operational performance, underscoring the strength of our robust business model. Innovation remains a core strength of Radico Khaitan, and in line with our strategy of expanding our luxury portfolio, we launched the newest expression of Rampur Indian Single Malt, Barrel Blush.
Initially matured in American Bourbon barrels and finished in Australian Shiraz wine casks, it stands for tradition and expert craftsmanship. Ahead of the festive season, we launched a new campaign for one of our most successful brands, Royal Ranthambore, featuring Bollywood star Saif Ali Khan, which is expected to elevate the brand to new heights.
We are making strong progress on our strategic roadmap and remain confident in delivering results in line with our expectations.”
United Breweries
About the Company
United Breweries Limited is engaged in the business of manufacture and sale of beer and non-alcoholic beverages. is the unrivaled market leader of the Indian beer market with Kingfisher, Heineken, and other brands having a market share of ~50 percent which is almost 3 times the nearest competitors.
Price Action
With a market capitalization of Rs. 51,112 Crores, the shares of United Breweries Limited closed at Rs. 1,933.10 per equity share, down 2.38 percent from its previous day’s close price of Rs. 1,980.25.
Q2FY25 Results
Its Revenue from operations grew by 13 percent YoY from Rs. 4,192.86 Crores in Q2FY24 to Rs. 4,743.56 Crores in Q2FY25 and it declined by 18 percent QoQ from Rs. 5,811.28 Crores in Q1FY25 to Rs. 4,743.56 Crores in Q2FY25.
Its Net Profit grew by 24 percent YoY from Rs. 107.17 Crores in Q2FY24 to Rs. 132.33 Crores in Q2FY25 and it declined by 25 percent QoQ from Rs. 177.05 Crores in Q1FY25 to Rs. 132.33 Crores in Q2FY25. Its Net Profit Margin increased from 2.54 percent in Q2FY24 to 2.78 percent in Q2FY25.
Written by: Bharath K.S
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