Radico Khaitan rises as PAT grows 23% YoY in Q3 FY24
Mumbai, Feb. 7 -- The company's profit before tax stood at Rs 98.13 crore in the December 2023 quarter, registering a growth of 28.43% YoY.
Total Indian Made Foreign Liquor (IMFL) volume increased 3.7% whereas Prestige & above category volume grew 20.2%. Prestige & above net revenue growth was 29.1% compared to Q3 FY23. Non-IMFL revenue growth was due to full capacity utilization of the Sitapur plant, incremental country liquor volumes from Sitapur coupled with the country liquor price increases received effective from 1 April 2023.
Gross margin during the quarter reduced to 41.8% compared to 41.3% in Q3 FY23, mainly impacted due to significant foodgrain inflation. Despite commodity inflation in the ENA and grain prices, the firm said t...
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