Alcohol stock engaged in the business of manufacturing alcohol and alcoholic products such as Indian-made foreign liquor and country liquor jumped 3 percent in the day’s trade upon posting its Q4FY24 results with a 28 percent jump in Net Profits.
With a market capitalization of Rs. 22,055 Crores, the shares of Radico Khaitan Limited were trading at Rs. 1,649.40, up 2.34 percent from its previous day’s close price of Rs. 1,611.65.
Its revenue from operations grew by 15.38 percent YoY from Rs. 3,375.35 Crores in Q4FY23 to Rs. 3,894.63 Crores in Q4FY24 and it declined by 5 percent QoQ from Rs. 4,111.23 Crores in Q3FY24 to Rs. 3,894.63 Crores in Q4FY24. Annually it generated a revenue of Rs. 12,743.91 Crores in FY23 and Rs. 15,483.88 Crores in FY24 indicating a growth of 21.50 percent YoY.
Its Net Profit grew by 26.4 percent YoY from Rs. 42.64 Crores in Q4FY23 to Rs. 53.91 Crores in Q4FY24 and it declined by 28.26 percent QoQ from Rs. 75.15 Crores in Q3FY24 to Rs. 53.91 Crores in Q4FY24. Annually it generated a Net Profit of Rs. 220.35 Crores in FY23 to Rs. 262.17 Crores in FY24, indicating a growth of 19 percent.
In Addition, the Board of Directors of Radico Khaitan Limited has recommended a Dividend of 150 percent i.e., Rs. 3 per equity share with a face value of Rs. 2 per share for the financial year 2023-24.
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.
Written by: Bharath K.S
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