Radico Khaitan eyes 20%+ premium growth, plans tequila launch this fiscal
Radico Khaitan guides for 20%+ premium and 25%+ luxury portfolio growth this fiscal, with a new tequila launch planned. Magic Moments vodka sales rose 43% to 3.25M cases in Q1, lifting vodka share toward 6%. Margins seen up 125 bps, aided by India-UK FTA Scotch duty cuts.
Radico Khaitan expects 20%+ premium and 25%+ luxury portfolio growth, plans tequila launch this fiscal. Magic Moments vodka sales up 43%; vodka gaining share across metros and tier-II. Margins seen up 125 bps aided by India-UK FTA Scotch duty cuts.