Radico Khaitan share price today

Radico Khaitan Ltd's share price was ₹4,396.50 at the close on 4 November 2026. It has been rising for 26 weeks. That is 14.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹2,623 and ₹4,650, and at that close it sat 87% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Radico Khaitan Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 11 years the share price moved +4,299% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), profit up on a year earlier for 12 quarters in a row (every quarter we can compare) and highest quarterly profit in 16 quarters.

1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹1,745 crore, +16.8% on a year earlier.

   Why: Revenue rose because the company sold more higher-priced drinks, especially vodka, and it raised prices.

   Next results: check whether premium and above volumes stay strong through the festive season, as management expects.

   From the earnings call on 28 Oct 2026.

2. Profit up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter profit was ₹232 crore, +65.7% on a year earlier.

   Why: Profit rose because more of the company's sales came from higher-priced drinks, especially vodka, and price increases helped. Higher grain and packaging costs took some of that back.

   Next results: check whether the company keeps about 20% of sales as profit for the year, as management expects.

   From the earnings call on 28 Oct 2026.

3. Highest quarterly profit in 16 quarters

   Profit of ₹232 crore in the September 2026 quarter is the highest of the last 16 quarters.

   Why: Profit reached its highest level because more of the company's sales came from higher-priced drinks, especially vodka, and price increases helped. Higher grain and packaging costs took some of that back.

   From the earnings call on 28 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), Radico Khaitan reported revenue of ₹1,745 crore, up 16.8% from ₹1,494 crore a year earlier, and a profit of ₹232 crore, up 65.7% from ₹140 crore.

Radico Khaitan results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Radico Khaitan's management discussed these results on a call held on 28 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Radico Khaitan closed at ₹4,396.50 on 4 November 2026, up 32.8% from ₹3,310.90 a year earlier (7 November 2025) and up 318.1% over five years. Its highest weekly close since March 2016 was ₹4,650.00 on 14 August 2026.

Radico Khaitan share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Radico Khaitan closed at ₹4,396.50, up 7.6% on the week and up 3.8% on the month. 28 Oct 2026: Radico Khaitan held its results call for July to September 2026. Management guided: P&A volume growth 30% in FY27, upgraded for second time.

Earlier

• Results for July to September 2026: Revenue up 16.8% and profit up 65.7% on a year earlier.
• Our read, 22 Aug 2026: 1. April to June 2026 revenue was ₹1,684 Cr (+11.8% on a year earlier), profit was ₹230 Cr (+75.6%), and reported operating margin was 21%. 2. 3.
• 24 Jul 2026: ex-date for a dividend of ₹9 a share.

Our read of the business

1. April to June 2026 revenue was ₹1,684 Cr (+11.8% on a year earlier), profit was ₹230 Cr (+75.6%), and reported operating margin was 21%. 2. 3.

April to June 2026: Revenue ₹1,684 Cr and profit ₹230 Cr; P&A volume grew 36.0%.

Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

Radico Khaitan paid ₹9 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.20% at the ₹4,396.50 close on 4 November 2026. The last was a dividend of ₹9 a share, ex-date 24 July 2026.

Radico Khaitan dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Radico Khaitan Ltd paid out 20% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 28 October 2026, Radico Khaitan's management guided: P&A volume growth 30% in FY27, upgraded for second time.

“Looking ahead, we have upgraded our Prestige & Above volume growth to 30% in FY27, and we remain confident of sustaining an EBITDA margin of around 20% for the year.”Abhishek Khaitan, on the call for July to September 2026

What management guided

• Operating margin around 20% in FY27 despite input volatility.
• Luxury value growth 25% in FY27 on prior base, on track.
• Regular volumes plateau with 1% to 2% growth from H2 as base nullifies.
• Whisky and brandy portfolios growth upwards of 20% in FY27, vodka to grow faster.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 28 October 2026.

What is changing at Radico Khaitan, from the latest results and calls: prestige & above premiumisation, vodka category and magic moments and deleveraging.

• Prestige & Above premiumisation. P&A volume grew 36.0% on a year earlier in April to June 2026 while total IMFL volume grew 3.0% on a year earlier. ✓ fact
• Vodka category and Magic Moments. Magic Moments delivered 3.3 million cases, 43.0% volume growth and 51.0% value growth in April to June 2026. ✓ fact
• Deleveraging. Net debt declined ₹138 Cr since March 2026 and management expects net debt-free status by July to September 2026. ✓ fact
• Luxury portfolio rollout. Management goals 25.0% FY27 luxury-sales growth from the approximately ₹475 Cr FY26 base. ✓ fact

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

P&A volume growth slows materially and pricing or mix no longer offsets input-cost pressure.

Each change stops working if

• Prestige & Above premiumisation: P&A volume growth slows materially and pricing or mix no longer offsets input-cost pressure.
• Vodka category and Magic Moments: Consumer demand for flavored vodka fades or competitors take share.
• Deleveraging: Cash generation weakens or material debt-funded expansion is initiated.
• Luxury portfolio rollout: Route-to-market expansion stalls or luxury demand does not support the planned realization.

The main risks

• Management consistency: The four available concalls contain 11 Tijori consistency flags. ⚠ estimate
• Input and packaging costs: Packing-material volatility was a ₹30 Cr April to June 2026 headwind. ✓ fact
• State excise-policy disruption: Maharashtra MML disrupted industry volumes, while other state policy changes can alter route-to-market economics. ✓ fact
• Luxury rollout execution: The ₹475 Cr FY26 luxury base must grow 25.0% in FY27 to meet management's goal. ✓ fact

Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When Radico Khaitan reports October to December 2026, these are the 2 checks that show whether the story is still on course. First: P&A volume delivery through festive H2 against flagged full-year goal - per momentum seen as strong as first half.

Radico Khaitan is on one of our India lists: Small & mid cap stocks.

Radico Khaitan Ltd earned ₹232 Cr of net profit in the Sep 2026 quarter, +65.7% on the same quarter a year earlier. That is the 12th quarter in a row of profit growth. Full-year FY26 profit was ₹604 Cr. Over 10 years profit has grown 22.7% a year on average. That is 13.3% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹140 Cr.

For the full year, FY26 profit was ₹604 Cr (+74.6% on the year before).

Why profit moved: revenue changed +16.8% on a year earlier and the margin moved +4.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +74.8% and revenue +15.9%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

FY27-Q1. revenue ₹1,685 Cr and profit ₹230 Cr as reported.

FY27-Q2. revenue ₹1,745 Cr and profit ₹232 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Radico Khaitan Ltd reported ₹1,745 Cr of revenue in the Sep 2026 quarter, +16.8% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 13.9% a year on average. The last full year, FY26, came in at ₹6,037 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. The P&A portfolio is the main growth driver. The benefit must be assessed alongside the 98th-percentile OPM, since part of the current earnings uplift may not persist through a normal input-cost and mix cycle.

The last four reported quarters add to ₹6,481 Cr.

FY26 revenue was ₹6,037 Cr, +24.7% on the year before.

Recent pace: the last four quarters grew +15.9% on average, against 13.9% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +15.8%, against +20.1% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +73.8%, against +67.1% a year (accelerating).

FY27-Q1. revenue ₹1,685 Cr and profit ₹230 Cr as reported.

FY27-Q2. revenue ₹1,745 Cr and profit ₹232 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Radico Khaitan Ltd's operating margin was 20.0% in the Sep 2026 quarter, 4.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 11.0% and 17.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +4.6 percentage points on the year while gross margin changed +4.4 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

FY27-Q1. revenue ₹1,685 Cr and profit ₹230 Cr as reported.

FY27-Q2. revenue ₹1,745 Cr and profit ₹232 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Over the last 3 years, 105% of Radico Khaitan Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹743 Cr of operating cash against ₹604 Cr of profit. After ₹305 Cr of spending on assets, ₹438 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 105% of profit came in as cash: the cash cycle got 62 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 2.0× depreciation over three years. The next section checks what that spending is building.

Radico Khaitan Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 177 days in FY26, down from 239 days in FY21. It spent ₹832 Cr on assets over the last 3 years. Customers take 72 days to pay, and stock sits for 221 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹6,037 Cr, each day of that cycle ties up about ₹16.5 Cr, so roughly ₹2,928 Cr is tied up in the business at any time.

FY26: customers took 72 days to pay and stock sat for 221 days, about 7.3 months of sales sitting as stock, for a full cycle of 177 days, shorter than FY21's 239.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 221 days. Customers pay about 72 days after that. Suppliers are paid at 117 days. Together that makes the 177-day cycle.

Spending on assets: ₹832 Cr over the last 3 years, against ₹407 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹76.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Radico Khaitan Ltd's P/E is 73.4×, in the middle of its own history: higher than 66% of past readings. Its usual P/E (the middle reading) is 54.6×, over 9.1 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.