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ICICI Direct Report
Radico Khaitan Ltd. reported volume growth of approximately 1% YoY in Q3 FY21 compared to industry de-growth of 1%.
Prestige and above segment continued to perform well with volume growth of 5% YoY.
The company reported revenue growth of 5.6% YoY to Rs 684 crore. Ebitda grew 21% YoY to Rs 124.6 crore driven by improved margin profile.
Ebitda margin expanded 235 basis points from 15.8% to 18.1% due to gross margin improvement and cost rationalisation.
Lower Interest cost and higher other income enabled the company to report 45% YoY growth in net profit to Rs 80.5 crore.
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