InvestorQ : Would you suggest buying into Radico Khaitan after the latest quarter results?
diksha shah made post

Would you suggest buying into Radico Khaitan after the latest quarter results?

Answer
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sarah Leo answered.
5 months ago


Radico Khaitan, one of India’s top liquor manufacturers, reported a 20% fall in net profit at Rs.32.67 crore for the Mar-20 quarter. This was more due to tepid demand owing to restrictions on liquor shops in most states. Revenues were up 11.7% at Rs.2209 crore during the quarter on the back of the growth of IMFL sales (which grew 13% at 5.82 million cases). Full year results showed that Radico Khaitan had shown sustained growth momentum during FY2020. The top management of Radico is positive of the next few quarters on account of its diversified brands portfolio.