Radico Khaitan Ltd (RADICO)

Radico Khaitan Launches Award-Winning Sangam World Malt Whisky in India - 17 Jul, 2024

Radico Khaitan has introduced the internationally acclaimed Sangam World Malt Whisky to the Indian market. The whisky is renowned for its outstanding quality and numerous prestigious awards, making its debut in India a significant milestone.

Radico Khaitan's High P/S Ratio Threatens Popularity with Investors - 14 Jul, 2024

Radico Khaitan Ltd's P/S ratio of 5.4x is higher than the industry average of 2.9x, and its forecasted growth is lower than the wider industry. Analysts are not confident in a turnaround, making it challenging to accept current prices as reasonable.

Zerodha Co-founder Buys Stakes in Radico Khaitan - 09 Jul, 2024

Nikhil Kamath, co-founder of Zerodha, has purchased around 1.6-1.7% stake in Radico Khaitan for approximately Rs 400 crore. The stake was bought in the open market. Radico Khaitan had a turnover of Rs 4,200 crore in 2023 with an impressive market cap of over Rs 20,000.

Zerodha Co-founder Invests in Radico Khaitan - 08 Jul, 2024

Nikhil Kamath, co-founder of Zerodha, has invested around Rs 400 crore in Radico Khaitan, acquiring a 1.6-1.7% stake in the company through open market transactions.

Zerodha Co-founder Invests in Radico Khaitan - 05 Jul, 2024

Nikhil Kamath, co-founder of Zerodha, has invested around 1.6-1.7% stake in Radico Khaitan for Rs 400 crore. Analysts see strong premiumisation-led growth for players like Radico Khaitan over the next three years. Radico's millionaire brands grew 7% YoY in 2023.

Radico Khaitan Chairman Becomes Newest Indian Billionaire - 03 Jul, 2024

Delhi-based liquor company Radico Khaitan saw a 50% jump in revenue last year, driven by rising sales and new product launches. The company's market capitalization is around Rs 23,700 crore as of July 2, 2024, making it one of India's largest IMFL companies. Lalit Khaitan, the chairman of Radico Khaitan, now has an estimated net worth of $1.1 billion (Rs 9,188 crore) with a substantial 40% ownership in the company.

Radico Khaitan Launches Jaisalmer Indian Craft Gin Gold Edition - 27 Jun, 2024

Radico Khaitan has launched the Jaisalmer Indian Craft Gin Gold Edition, building on the success of its Jaisalmer Indian Craft Gin. The new gin will be available in a 500 ml bottle and priced between ₹4000 and ₹7000 depending on the state's excise structure. The launch will begin in Uttar Pradesh and expand to other key markets starting in July.

Radico Khaitan Launches New Luxury Gin; Stock Up 11% - 26 Jun, 2024

Radico Khaitan Limited has launched a new luxury gin, Jaisalmer Indian Craft Gin Gold Edition, expanding its premium spirits portfolio. The company's stock has seen an 11% increase over the past month, with attention now focused on assessing its financial health through ROE.

Radico Khaitan's Upward Movement Predicted by Analysts - 20 Jun, 2024

Radico Khaitan Ltd is predicted to have an upward movement as Antique Stock Broking maintains a positive stance and revises the target price upwards. Traders are advised to take a long position with a target set at Rs 1,875.

Antique Stock Broking Maintains Positive Stance on Radico Khaitan - 19 Jun, 2024

Antique Stock Broking has a Buy call on Radico Khaitan and raised the target price to ₹1,996 per share from ₹1,849 previously. The brokerage firm expects Radico Khaitan to be a key beneficiary of premiumization-led growth in the alcobev industry over the next three years. Radico Khaitan outperformed peers with its millionaire brands growing by 7% YoY in 2023. Estimated profit of ₹415.5 crore and revenue of ₹4,996 crore in FY25.

Radico Khaitan to Launch Rampur Asava Single Malt Whisky in India - 18 Jun, 2024

Radico Khaitan, one of India's largest liquor manufacturers, plans to launch its international brand of single malt whisky, Rampur Asava, in major Indian states. The rollout will begin in Uttar Pradesh and expand to Delhi, Chandigarh, Punjab, Uttarakhand, Haryana, Telangana, and Goa throughout the fiscal year.