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Radico Khaitan Ltd

BSE Code : 532497 | NSE Symbol : RADICO | ISIN:INE944F01028| SECTOR : Alcoholic Beverages |

NSE BSE
 
SMC down arrow

1,721.30

-9.50 (-0.55%) Volume 16294

18-May-2024 EOD

Prev. Close

1,730.80

Open Price

1,748.80

Bid Price (QTY)

0.00(0)

Offer Price (QTY)

1,721.30(842)

 

Today’s High/Low 1,748.80 - 1,680.00

52 wk High/Low 1,885.10 - 1,096.40

Key Stats

MARKET CAP (RS CR) 23029.79
P/E 90.03
BOOK VALUE (RS) 177.7936123
DIV (%) 150
MARKET LOT 1
EPS (TTM) 19.13
PRICE/BOOK 9.68707468012899
DIV YIELD.(%) 0.17
FACE VALUE (RS) 2
DELIVERABLES (%) 52.27
4

News & Announcements

17-May-2024

Radico Khaitan Ltd rises for third straight session

16-May-2024

Radico Khaitan Ltd - Radico Khaitan Limited - Analysts/Institutional Investor Meet/Con. Call Updates

15-May-2024

Radico Khaitan Q4 PAT climbs 52% YoY to Rs 57 cr

15-May-2024

Radico Khaitan Ltd - Radico Khaitan Limited - Change in Director(s)

14-May-2024

Radico Khaitan to convene AGM

08-May-2024

Radico Khaitan's Jaisalmer Indian Craft Gin captures 50% market share in India

30-Apr-2024

Radico Khaitan to announce Quarterly Result

29-Apr-2024

Radico Khaitan's ultra-luxury offering becomes India's only whisky selling at Rs 5 lakh per bottle

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
Amar Alcoholi Ltd 531442
Arlem Breweries Ltd (Merged) 507270
Arvind Rashayana Udyog Ltd 526793
Associated Alcohols & Breweries Ltd 507526 ASALCBR
Aurangabad Distillery Ltd 538379 AURDIS
Balaji Distilleries Ltd(merged) 500035 BALAJIDIST
Blossom Industries Ltd 507476
Carew Phipson Ltd (Merged) 507075
Charminar Breweries Ltd (Merged) 507494
Comfort Intech Ltd 531216
Empee Distilleries Ltd 532920 EDL
G M Breweries Ltd 507488 GMBREW
Globus Spirits Ltd 533104 GLOBUSSPR
Golden Breweries Ltd 7520
Haryana Breweries Ltd (Merged) 507138
Haryana Suraj Maltings Ltd 519395
Herbertsons Ltd(merged) 500181 HERBETSON
Hindustan Breweries & Bottling Ltd 507140
IFB Agro Industries Ltd 507438 IFBAGRO
Indage Vintners Ltd 522059
India Glycols Ltd 500201 INDIAGLYCO
Indo Lowenbrau Breweries Ltd (Merged) 507152
Interlink Exports Ltd 523994
Jagatjit Industries Ltd 507155 JAGAJITIND
Kedia Distilleries Ltd 500237 KEDIADIST
Khoday India Ltd 507435
McDowell & Company Ltd (Merged) 500273 MCDOWELL
Millennium Beer Industries Ltd(merged) 521147 INERTIAIND
Mohan Meakin Ltd 590039
Mount Shivalik Industries Ltd 507522
Mysore Breweries Ltd 40068
Narang Industries Ltd 523317
Pals Distilleries Ltd 531864
Pampasar Distillery Ltd (Merged) 523497
Piccadily Agro Industries Ltd 530305
Piccadily Sugar & Allied Inds Ltd 507498 PICCADSUG
Pincon Spirit Ltd 538771 PINCON
Pioneer Distilleries Ltd 531879 PIONDIST
Premier Breweries Ltd (Merged) 40658
Punjab Breweries Ltd (Merged) 507274
Radico-Khaitan Ltd (Merged) 532237 RADICO(MER
Rainbow Breweries Ltd 507520
Rajasthan Breweries Ltd 507456 RAJASBREW
Ravikumar Distilleries Ltd 533294 RKDL
Rochees Breweries Ltd 531639
SDF Industries Ltd 507518
Shaw Wallace & Company Ltd(merged) 501379 SHAWALLACE
Shri Gang Industries & Allied Products Ltd 523309
Sica Breweries Ltd (Merged) 507348
Silver Oak (India) Ltd 531635
SKG Consolidated Ltd 40421
Skol Breweries Ltd (Merged) 507352
Som Distilleries & Breweries Ltd 507514 SDBL
Southern Agrifurane Industries Ltd 40051
Sula Vineyards Ltd 543711 SULA
Tilaknagar Industries Ltd 507205 TI
United Breweries Ltd 532478 UBL
United Spirits Ltd 532432 MCDOWELL-N
West Coast Brewers & Distillers Ltd 507466
Xylon Loquitur Distillers & Vintners Ltd 530097

Share Holding

Category No. of shares Percentage
Total Foreign 25575440 19.13
Total Institutions 33041505 24.71
Total Govt Holding 516 0.00
Total Non Promoter Corporate Holding 2971601 2.22
Total Promoters 53829818 40.26
Total Public & others 18296445 13.69
Total 133715325 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Radico Khaitan Ltd

Radico Khaitan Limited (RKL) was incorporated on 21 July 1983. The Company is the oldest and one of the largest manufacturers of Indian Made Foreign Liquor (IMFL) in India. The Company commenced its operations in 1943 and was earlier known as Rampur Distillery Company. Over the years, it has emerged as a major bulk spirits supplier and bottler to other spirit manufacturers. It has become one of the most admired liquor brands across India and is engaged in the manufacturing and trading of Alcoholic products such as Indian Made Foreign Liquor (IMFL), Alcohol, Country Liquor etc. It also has its presence in India as well as various other global markets. The company's brand portfolio across the IMFL categories of Whisky, Brandy, Rum, and White Spirits includes After Dark Premium Whisky, Contessa Rum, Jaisalmer Indian Craft Gin, Magic Moments Vodka, Magic Moments Verve Vodka, Morpheus XO Brandy, Old Admiral Brandy, Pluton Bay Rum, Rampur Indian Single Malt Whisky, Regal Talon Whisky, 1965 Spirit of Victory Rum and 8PM and 8PM Premium Black Whisky, etc. Currently, the Company has five millionaire brands in its portfolio,which are 8PM Whisky, 8PM Premium Black Whisky, Magic Moments Vodka, Contessa Rum and Old Admiral Brandy. Radico Khaitan is one of the largest providers of branded IMFL to the Canteen Stores Department (CSD), which has significant business barriers to entry. The Company has been successfully building its brand equity in international markets and currently exports its products to over 85 countries. The Company has three distilleries in Rampur (Uttar Pradesh) and two in joint venture RNV in Aurangabad (Maharashtra) in which Radico Khaitan owns 36% equity. Presently, the Company has 33 bottling units spanning across the entire country, of which 5 are owned and 28 are contract bottling units with a total annual capacity of 160 million litres. Apart from this, it has a strong sales and distribution network with a presence in retail and on-trade through over 75,000 retail and 8,000 on-premise outlets in the relevant segments in different parts of India. The Company was merged with Abhishek Cement Ltd (ACL) with effective from 1st January of the year 1997 and started its journey of building its own brand portfolio with the launch of 8PM Whisky in 1998. In the first year alone, it sold one million cases - a record for any Indian or foreign brand operating in India. This also made it the first brand in the liquor industry to make it to the Limca Book of Records. The Old Admiral VSOP, brandy was launched in the state of Kerala during the year 2002 and also introduced in Andhra Pradesh markets. Radico had acquired M/s Anab-e-Shahi Wines and Distilleries Pvt Ltd in 2003-04. The Company had set up a state of the art of the bottling unit at Shree Khatushyamji Industrial Complex, in Sikar, Rajasthan with a capacity of 12lac cases per annum, became operational in January of the year 2004. During the same year 2004, the company made its entry into Tamil Nadu by the way of its brands, Contessa Rum, Old Admiral Brandy and 8 PM Select whisky, launch in the Tamil Nadu market through Golden Midas Distilleries, who is bottling partner of the company in Tamil Nadu. A green field bottling plant of the company was set up at Bajpur Industrial area, Uttaranchal for bottling of 600000 cases during the year 2004-05. It had set up a fully automatic 750 ml kidney shaped PET bottle manufacturing plant in Uttaranchal and also added additional capacity for molasses at Rampur. In the identical year of 2004-05, the company had acquired Anabeshahi Wines & Distilleries Pvt ltd (AES), which owned a bottling unit in the state of Andhra Predesh. The Company had inked overseas Joint Venture (JV) agreement in UK and Western Africa in May of the year 2006. Diageo, the world's largest drinks company and Radico made an equal JV in Indian sprits market during August of the same year 2006. In March 2007, Diageo Radico Distilleries Pvt Ltd, the joint venture between Diageo and the company had launched Masterstroke Deluxe Whisky, a blend of Premium whiskies. During the financial year 2007, the company had set up a grain-based distillery at its Rampur plant with a capacity of 27 KLPA. In February of the same year 2007, the company's JV with Diageo - Diaego Radico Distilleries Pvt Ltd had launched a new brand - Masterstroke Deluxe whiskey - in the premium segment. Radico also acquired other brands from Brihan Maharashtra Sugar Syndicate Ltd. The brand Old Admiral under the category of brandy won the Monde Selection award for its overall quality in the year 2008. In May 2008, Radico Global Limited and Radico International DMCC ceased to be the subsidiaries of the company. Radico forayed into the flavoured vodka market by launching six flavours under its Magic Moments extension brand-Remix in August of the year 2008. During FY 2014, Radico NV Distilleries Maharashtra Ltd (RNVDML), a Joint Venture (JV) of the company received Private Sector Investment (PSI) subsidy from Government of Maharashtra of Rs. 39.8 Crore. During FY 2014, the JV modified its distillation plant to reduce the consumption of steam in production of alcohol. RNVDML has also installed a evaporation plant with molasses alcohol plant which has the effect of reducing generation of effluent by about 80% and has made the plant a zero discharge plant. In FY 2014, Radico Khaitan enhanced its premium offerings by launching Verve Magic Moments Green Apple and Verve Magic Moments Orange flavoured premium Vodka in North India and selected states in West India. During FY2014, the Company launched Morpheus Blue, an upgraded version of the super premium Morpheus Brandy to further strengthen its premium product offerings. In May 2016, Radico Khaitan launched two new whiskies: Rampur Indian Single Malt and Regal Talons Semi Premium Whisky. While the launch of single malt is a testament to company's R&D and product development capabilities, Regal Talons is targeted at filling the gap in the Company's premium whisky portfolio and capturing the opportunities in the largest segment of the Indian spirits industry. During the year 2017, the Company installed and commissioned integrated evaporators in the grain spirits plant, which converts the entire thin slop into wet cake that can be sold as cattle fodder. This has helped in bringing down the effluent discharge from grain plant to zero. The Company also installed and commissioned integrated evaporators in molasses distillation plant resulting in reduction of spent wash generation by approximately 45%. After the effluent is passed through the RO plant, additional 45% effluent volume is reduced and only about 25% of the total effluent is left for bio composting. The Company increased the bio-composting area by 7 acres to consume more effluent in bio composting and has reduced fresh water consumption by recycling process condensate and lees from distillation plants to fermentation. During the year 2018, Radico Khaitan launched 8PM Premium Black whisky and Morpheus Blue semi luxury brandy, providing its loyal consumers an opportunity to upgrade to superior blends and higher category brands. During the year 2017-18, Radico Khaitan received a number of awards for its leading brands. These awards are a testament to the Company's innovation and quality of products. The Company's Rampur Single Malt whisky received the Double Gold at San Francisco World Wine & Spirits Awards 2017 and was Ranked 5th amongst the Top 20 Whiskies of 2017 in Whisky Advocate Magazine USA. In the Monde Selection Quality Awards 2018, Magic Moments Remix Flavoured Vodka Peach and Morpheus Brandy received the International High Quality Trophy. This Trophy is awarded for products which have reached a high quality level, i.e. Grand Gold or Gold, over three consecutive years. As on 31 March 2018, the company has one joint venture, namely, Radico NV Distilleries Maharashtra Limited (Radico NV). The Company has 36% stake in the said joint venture. The company won Gold at the Global Monde Selection Awards in the calendar year 2019. During the FY2020, The outbreak of COVID-19 created a global health calamity and economic crisis. Nationwide lock down in India brought businesses to a halt and disrupted the economy. During the lock down period, IMFL bottling was fully suspended from 24-March to 4-May but manufacturing of ENA was partially operational as the company started production of sanitizers to support the nation's fight against Coronavirus. During the year 2019-20, the company was ranked as the no. 1 mid-cap company in Fortune India's 'The Next 500' list, the first comprehensive ranking of India's midsize companies. The Next 500 list represents the most promising companies in India, outside the Fortune 500. Radico Khaitan has consistently improved its ranking in this list from 60th in 2015 to 28th in 2019 and jumped 27 places to first rank in 2020. During the year 2021-22, Radico Khaitan launched two super premium brands, Royal Ranthambore Heritage Collection-Royal Crafted Whisky and two variants of Magic Moments Dazzle Vodka. During FY2022, the Company has undertaken two capex projects: Rs 185 Crore for the conversion of existing 140 KLPD molasses plant in Rampur to dualfeed and a greenfield project of Rs 555 Crore spread over 100 acres to establish a 330 KLPD grain based distillery along with bottling facilities for IMFL and country liquor and a malt maturation facility. During the year 2022, the Company acquired 100% Equity Shares in Radico Spiritzs India Private Limited and Radico Spiritzs became a wholly-owned Subsidiary of the Company. Radico Spiritzs further acquired 100% Equity Shares of Accomreal Builders Private Limited, Compaqt Era Builders Private Limited, Destihomz Buildwell Private Limited, Equibuild Realtors Private Limited, Proprent Era Estates Private Limited, Binayah Builders Private Limited and Firstcode Reality Private Limited and thereby they become step down wholly-owned subsidiaries of the Company. During the year 2023, the Company launched Sangam World Malt Whisky; launched Rampur Indian Single Malt, Jugalbandi Whisky in September 2022; launched low alcohol RTD cocktail mixes called Magic Moments Vodka Cocktails and 1965 Spirit of Victory Lemon Dash Premium Rum. During Q4 FY2023, the Company commissioned the Dual Feed Plant at Rampur, in Uttar Pradesh and started the bottling operations at Sitapur.

Radico Khaitan Ltd Chairman Speech

Dear Shareholders,

The macro environment in FY2023 was marked by raw material volatility and inflationary pressures triggered largely by the continuing geopolitical tensions. Amid these challenges, the Indian alcohol beverages industry showed remarkable resilience to post strong growth. The easing

Covid situation led to a significant demand revival during the year. Further aided by the growing premiumisation trend, this boosted industry performance.

Radico Khaitan was quick to harness the emerging demand to post a robust performance. Our strong premiumisation focus, coupled with our deep consumer understanding and centricity, helped us in posting performance excellence. We successfully delivered a broad-based, premium volume growth across our product portfolio and geographies, despite the overall challenging operating environment.

Our sustained investment behind our core brands, agile supply chain, and robust distribution network helped us drive growth in the Prestige & Above category volumes, which registered 17% year-on-year growth on a very high base. Our strong premiumisation focus led to a growth of over 150% compared to the pre-pandemic levels in the Prestige

& Above brands, resulting in sustainable improvement in the realisation per case. The complexities and challenges of the external environment failed to dampen our spirits and we continued to move actively forward towards the accomplishment of our targets.

I would like to take a moment here to thank all of you for your sustained confidence and support in our onward journey. As a mark of our gratefulness and in line with our strategy of maintaining a balance between delivering returns to shareholders and preserving funds for growth capital, we propose a consistent dividend of `3.00 per share.

I am also grateful to our dedicated teams, without whose commitment and hard work we would not have succeeded in staying on course with our growth and expansion plans. I assure all of you that we shall continue to keep your best interests at heart going forward.

Celebrating our Premiumisation Journey

Our performance for FY2023 was not an one-o_ achievement but the cumulative demonstration of our deep-rooted strengths and strategic focus, coupled with a sharp agility which helped us capitalise on our brand equity. It is a testimony of our sustained focus on innovation and our deepening consumer connect. The launch of new products and the fact that two more of our brands achieved a million case sales stand out as some of the landmark feats during the year in our quest to drive greater premiumisation in the IMFL industry.

I am happy to share that the alcobev business, both in the domestic and international markets, is seeing a marked shift towards premium products, thus driving greater demand for luxury brands. Our strong, industry-leading position in the premium and luxury categories lends us a powerful edge, and is helping us make huge strides in our premiumisation journey. Our premium brands growth is very strong, particularly in luxury brands such as Jaisalmer Indian Craft Gin and Rampur Indian Single Malt.

Scaling to Grow

Keeping pace with the evolving macro trends, we, at Radico Khaitan, centred our e_orts on augmenting our capacities and capabilities during the year. Our focus was on adding scale to our brand and value proposition through strategic investments in the key areas driving future growth.

Besides the conversion of the Rampur distillery into a dual-feed plant, we have also expanded our bottling capacities by commencing bottling operations at Sitapur. The commercial operations of the distillery will start in FY2024, and will push the growth of our IMFL, Country Liquor and UPML business in Uttar Pradesh. The availability of additional grain-based ENA, post the successful completion of our Sitapur distillery, will further help us to e_ectively harness the future growth opportunities in the branded business. We have also expanded our craft gin production capacity to three times.

Expansion of our premium brand portfolio, investments in technology and automation, and enhancement of operational excellence, along with dynamic financial management, will be the key areas of our focus to steer long-term sustained business growth.

Focussing on Sustainability

We are strong proponents of the idea that sustainable business growth necessitates an unwavering commitment to sustainability. Our programmes are carefully designed to drive social and economic progress within the society. Our primary focus is on enhancing community development, improving livelihoods, promoting education and healthcare, including preventive healthcare measures, and safeguarding environmental sustainability.

Our strong focus on water conservation is manifest in the rainwater harvesting and ground level recharging initiatives undertaken at our plants. We have integrated sustainability into our future roadmap and will continue to work closely with the communities around our units to ensure the realisation of our sustainability targets.

Way forward

With the long-term dynamics in the Indian IMFL industry showing attractive growth opportunities, we are confident that we have the right strategies to deliver a balanced growth and value creation in the coming years. We remain committed to our long-term strategy of focussing on premiumisation, managing our business with agility, and driving backward integration e_ciencies. While the raw material scenario still remains volatile, we have seen early signs of stability in certain commodities. Furthermore, we have recently received price increases in the non-IMFL business in the state of UP, which will hold us in good stead in the next fiscal year.

We shall continue to focus on strengthening our premium brand portfolio through robust go-to-market strategies. Our aim is to target premium growth, proactively execute our new projects, and work towards making Radico Khaitan a future-ready organisation.

Warm regards,

Lalit Khaitan

Chairman & Managing Director

   

Radico Khaitan Ltd Company History

Radico Khaitan Limited (RKL) was incorporated on 21 July 1983. The Company is the oldest and one of the largest manufacturers of Indian Made Foreign Liquor (IMFL) in India. The Company commenced its operations in 1943 and was earlier known as Rampur Distillery Company. Over the years, it has emerged as a major bulk spirits supplier and bottler to other spirit manufacturers. It has become one of the most admired liquor brands across India and is engaged in the manufacturing and trading of Alcoholic products such as Indian Made Foreign Liquor (IMFL), Alcohol, Country Liquor etc. It also has its presence in India as well as various other global markets. The company's brand portfolio across the IMFL categories of Whisky, Brandy, Rum, and White Spirits includes After Dark Premium Whisky, Contessa Rum, Jaisalmer Indian Craft Gin, Magic Moments Vodka, Magic Moments Verve Vodka, Morpheus XO Brandy, Old Admiral Brandy, Pluton Bay Rum, Rampur Indian Single Malt Whisky, Regal Talon Whisky, 1965 Spirit of Victory Rum and 8PM and 8PM Premium Black Whisky, etc. Currently, the Company has five millionaire brands in its portfolio,which are 8PM Whisky, 8PM Premium Black Whisky, Magic Moments Vodka, Contessa Rum and Old Admiral Brandy. Radico Khaitan is one of the largest providers of branded IMFL to the Canteen Stores Department (CSD), which has significant business barriers to entry. The Company has been successfully building its brand equity in international markets and currently exports its products to over 85 countries. The Company has three distilleries in Rampur (Uttar Pradesh) and two in joint venture RNV in Aurangabad (Maharashtra) in which Radico Khaitan owns 36% equity. Presently, the Company has 33 bottling units spanning across the entire country, of which 5 are owned and 28 are contract bottling units with a total annual capacity of 160 million litres. Apart from this, it has a strong sales and distribution network with a presence in retail and on-trade through over 75,000 retail and 8,000 on-premise outlets in the relevant segments in different parts of India. The Company was merged with Abhishek Cement Ltd (ACL) with effective from 1st January of the year 1997 and started its journey of building its own brand portfolio with the launch of 8PM Whisky in 1998. In the first year alone, it sold one million cases - a record for any Indian or foreign brand operating in India. This also made it the first brand in the liquor industry to make it to the Limca Book of Records. The Old Admiral VSOP, brandy was launched in the state of Kerala during the year 2002 and also introduced in Andhra Pradesh markets. Radico had acquired M/s Anab-e-Shahi Wines and Distilleries Pvt Ltd in 2003-04. The Company had set up a state of the art of the bottling unit at Shree Khatushyamji Industrial Complex, in Sikar, Rajasthan with a capacity of 12lac cases per annum, became operational in January of the year 2004. During the same year 2004, the company made its entry into Tamil Nadu by the way of its brands, Contessa Rum, Old Admiral Brandy and 8 PM Select whisky, launch in the Tamil Nadu market through Golden Midas Distilleries, who is bottling partner of the company in Tamil Nadu. A green field bottling plant of the company was set up at Bajpur Industrial area, Uttaranchal for bottling of 600000 cases during the year 2004-05. It had set up a fully automatic 750 ml kidney shaped PET bottle manufacturing plant in Uttaranchal and also added additional capacity for molasses at Rampur. In the identical year of 2004-05, the company had acquired Anabeshahi Wines & Distilleries Pvt ltd (AES), which owned a bottling unit in the state of Andhra Predesh. The Company had inked overseas Joint Venture (JV) agreement in UK and Western Africa in May of the year 2006. Diageo, the world's largest drinks company and Radico made an equal JV in Indian sprits market during August of the same year 2006. In March 2007, Diageo Radico Distilleries Pvt Ltd, the joint venture between Diageo and the company had launched Masterstroke Deluxe Whisky, a blend of Premium whiskies. During the financial year 2007, the company had set up a grain-based distillery at its Rampur plant with a capacity of 27 KLPA. In February of the same year 2007, the company's JV with Diageo - Diaego Radico Distilleries Pvt Ltd had launched a new brand - Masterstroke Deluxe whiskey - in the premium segment. Radico also acquired other brands from Brihan Maharashtra Sugar Syndicate Ltd. The brand Old Admiral under the category of brandy won the Monde Selection award for its overall quality in the year 2008. In May 2008, Radico Global Limited and Radico International DMCC ceased to be the subsidiaries of the company. Radico forayed into the flavoured vodka market by launching six flavours under its Magic Moments extension brand-Remix in August of the year 2008. During FY 2014, Radico NV Distilleries Maharashtra Ltd (RNVDML), a Joint Venture (JV) of the company received Private Sector Investment (PSI) subsidy from Government of Maharashtra of Rs. 39.8 Crore. During FY 2014, the JV modified its distillation plant to reduce the consumption of steam in production of alcohol. RNVDML has also installed a evaporation plant with molasses alcohol plant which has the effect of reducing generation of effluent by about 80% and has made the plant a zero discharge plant. In FY 2014, Radico Khaitan enhanced its premium offerings by launching Verve Magic Moments Green Apple and Verve Magic Moments Orange flavoured premium Vodka in North India and selected states in West India. During FY2014, the Company launched Morpheus Blue, an upgraded version of the super premium Morpheus Brandy to further strengthen its premium product offerings. In May 2016, Radico Khaitan launched two new whiskies: Rampur Indian Single Malt and Regal Talons Semi Premium Whisky. While the launch of single malt is a testament to company's R&D and product development capabilities, Regal Talons is targeted at filling the gap in the Company's premium whisky portfolio and capturing the opportunities in the largest segment of the Indian spirits industry. During the year 2017, the Company installed and commissioned integrated evaporators in the grain spirits plant, which converts the entire thin slop into wet cake that can be sold as cattle fodder. This has helped in bringing down the effluent discharge from grain plant to zero. The Company also installed and commissioned integrated evaporators in molasses distillation plant resulting in reduction of spent wash generation by approximately 45%. After the effluent is passed through the RO plant, additional 45% effluent volume is reduced and only about 25% of the total effluent is left for bio composting. The Company increased the bio-composting area by 7 acres to consume more effluent in bio composting and has reduced fresh water consumption by recycling process condensate and lees from distillation plants to fermentation. During the year 2018, Radico Khaitan launched 8PM Premium Black whisky and Morpheus Blue semi luxury brandy, providing its loyal consumers an opportunity to upgrade to superior blends and higher category brands. During the year 2017-18, Radico Khaitan received a number of awards for its leading brands. These awards are a testament to the Company's innovation and quality of products. The Company's Rampur Single Malt whisky received the Double Gold at San Francisco World Wine & Spirits Awards 2017 and was Ranked 5th amongst the Top 20 Whiskies of 2017 in Whisky Advocate Magazine USA. In the Monde Selection Quality Awards 2018, Magic Moments Remix Flavoured Vodka Peach and Morpheus Brandy received the International High Quality Trophy. This Trophy is awarded for products which have reached a high quality level, i.e. Grand Gold or Gold, over three consecutive years. As on 31 March 2018, the company has one joint venture, namely, Radico NV Distilleries Maharashtra Limited (Radico NV). The Company has 36% stake in the said joint venture. The company won Gold at the Global Monde Selection Awards in the calendar year 2019. During the FY2020, The outbreak of COVID-19 created a global health calamity and economic crisis. Nationwide lock down in India brought businesses to a halt and disrupted the economy. During the lock down period, IMFL bottling was fully suspended from 24-March to 4-May but manufacturing of ENA was partially operational as the company started production of sanitizers to support the nation's fight against Coronavirus. During the year 2019-20, the company was ranked as the no. 1 mid-cap company in Fortune India's 'The Next 500' list, the first comprehensive ranking of India's midsize companies. The Next 500 list represents the most promising companies in India, outside the Fortune 500. Radico Khaitan has consistently improved its ranking in this list from 60th in 2015 to 28th in 2019 and jumped 27 places to first rank in 2020. During the year 2021-22, Radico Khaitan launched two super premium brands, Royal Ranthambore Heritage Collection-Royal Crafted Whisky and two variants of Magic Moments Dazzle Vodka. During FY2022, the Company has undertaken two capex projects: Rs 185 Crore for the conversion of existing 140 KLPD molasses plant in Rampur to dualfeed and a greenfield project of Rs 555 Crore spread over 100 acres to establish a 330 KLPD grain based distillery along with bottling facilities for IMFL and country liquor and a malt maturation facility. During the year 2022, the Company acquired 100% Equity Shares in Radico Spiritzs India Private Limited and Radico Spiritzs became a wholly-owned Subsidiary of the Company. Radico Spiritzs further acquired 100% Equity Shares of Accomreal Builders Private Limited, Compaqt Era Builders Private Limited, Destihomz Buildwell Private Limited, Equibuild Realtors Private Limited, Proprent Era Estates Private Limited, Binayah Builders Private Limited and Firstcode Reality Private Limited and thereby they become step down wholly-owned subsidiaries of the Company. During the year 2023, the Company launched Sangam World Malt Whisky; launched Rampur Indian Single Malt, Jugalbandi Whisky in September 2022; launched low alcohol RTD cocktail mixes called Magic Moments Vodka Cocktails and 1965 Spirit of Victory Lemon Dash Premium Rum. During Q4 FY2023, the Company commissioned the Dual Feed Plant at Rampur, in Uttar Pradesh and started the bottling operations at Sitapur.

Radico Khaitan Ltd Directors Reports

Radico Khaitan Ltd Company Background

Lalit KhaitanLalit Khaitan
Incorporation Year1983
Registered OfficeBareilly Road,
Rampur,Uttar Pradesh-244901
Telephone91-595-2350601-2,Managing Director
Fax91-595-2350009
Company SecretaryDinesh Kumar Gupta
AuditorWalker Chandiok & Co LLP
Face Value2
Market Lot1
ListingBSE,MSEI ,NSE,
RegistrarKFin Techologies Ltd
Karvy Selenium Tow-B,31&32 Financial Dist,Nanakramguda ,Hyderabad-500032

Radico Khaitan Ltd Company Management

Director NameDirector DesignationYear
Lalit KhaitanChairman & Managing Director2023
Abhishek KhaitanManaging Director2023
K P SinghWhole-time Director2023
Raghupati SinghaniaIndependent Director2023
Sarvesh SrivastavaIndependent Director2023
Sushmita SinghaIndependent Director2023
Tushar JainIndependent Director2023
Sharad JaipuriaIndependent Director2023
Dinesh Kumar GuptaCompany Sec. & Compli. Officer2023
Susmita ShekharIndependent Director2023

Radico Khaitan Ltd Listing Information

Listing Information
BSE_500
BSE_FMCG
CNX500
BSESMALLCA
CNX_FMCG
CNXSMALLCA
BSEALLCAP
BSESMALLSE
SML250
MSL400
NFTYMSC400
NFTYSC50
NFTYSC250
NF500M5025
NFTYTOTMKT

Radico Khaitan Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Indian Made Foreign LiquorKL00886406275.5589
Country LiquorKL00411533003.081
Molas./Grain/Mt Spirit (KL/AL)KL9631280111746740.3319
Pet Bottles (Nos/1000)No780000734428151137.5574
Other Operating IncomeNA00035.9043
OthersNA0008.9585
Imported Alcoholic ProductsBOT001668006.5978
Jaivik KhadQtl003603673.4888
Spirit-MaltKL00863.1464
Spirit-Cane JuiceKL001542.2268
Rectified SpiritKL002870.9586
Spirit-SilentKL0080.06
SanitizerNA0020.021
Spirit-DenaturedKL0000
Royalty IncomeNA0000
Molas./Grain/Mt Sprt(KL/BL 94%KL1024608522500
Beer (Bottles)BOT0000
AlcoholNA0000
EthanolKL0000
SalesNA0000
Traded GoodsNA0000
Excise DutyNA0000
Service ChargesNA0000
Portland Cement-OrdinaryMT0000
Bio GasM303446600000
PowerKwh0000
Bottles/Jars-PETNo0000

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