Radico Khaitan: CLSA bullish with Rs 3,098 target on white spirits leadership and brand strength
CLSA has initiated coverage on Radico Khaitan with an Outperform rating and a target price of ₹3,098, implying an upside of approximately 16.2% from the current market price of ₹2,665.00.
The brokerage highlighted Radico's position as a leading white spirits player in India, and noted its ongoing expansion into the premium and luxury segments. CLSA praised the company's strong track record in brand creation, although it acknowledged that profit delivery has been inconsistent.
Going forward, CLSA expects 265 basis points of EBITDA margin expansion, reaching 16.5% by FY28, driven by operating leverage and a premiumised product mix.
Disclaimer: This article is based on CLSA's brokerage report and does not constitute investment advice. Please consult a certified financial advisor before making any investment decisions.
Ahmedabad Plane Crash
News desk at BusinessUpturn.com
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
15 hours ago
- Business Upturn
Mahindra July sales: Domestic SUV sales up 20%, commercial and export volumes surge
Mahindra reports 26% growth in July; strong domestic SUV, commercial vehicle, and export sales. By News Desk Published on August 1, 2025, 10:08 IST Mahindra & Mahindra Ltd. announced strong performance across both its automotive and farm equipment businesses for the month of July 2025, driven by robust demand for SUVs, commercial vehicles, and tractors. Auto segment highlights Mahindra's total auto sales for July 2025 stood at 83,691 units, marking a 26% year-on-year growth, including exports. In the Utility Vehicles (SUV) category, domestic sales touched 49,871 units, up 20% from July 2024. Overall UV sales, including exports, were 50,835 units. The growth was attributed to the successful launch of the XUV 3XO 'REVX' series and the commencement of deliveries for Pack 2 variants of the BE 6 and XUV 9E models. In the commercial vehicle space: LCV 2–3.5T segment grew 12% YoY to 17,701 units. LCV >3.5T and MHCV segments saw a 20% rise, with 1,107 units sold. Three-wheeler sales, including electric variants, jumped 164% to 9,475 units. Total exports increased by 83% to 2,774 units in July. Farm equipment business Mahindra's Farm Equipment Business (FEB) also posted steady gains. In July 2025, the company sold 26,990 tractors in the domestic market, up 5% from the same period last year. Total tractor sales, including exports, reached 28,708 units, a 6% YoY growth. Exports rose to 1,718 units, up 6% from July 2024. According to the company, sustained land preparation activity, favorable rural cash flows post-Rabi harvest, and a well-progressing monsoon supported tractor demand, especially ahead of the Kharif sowing season. Year-to-date performance (April–July FY26) Auto – UV segment: 2,01,938 units sold domestically (22% growth) FEB – Domestic: 1,56,189 tractors sold (10% growth) FEB – Total (incl. exports): 1,62,797 units sold (9% growth) Mahindra continues to hold leadership positions in both the SUV and tractor markets and is investing in advanced mobility, electric platforms, and last-mile connectivity solutions through its subsidiaries. Ahmedabad Plane Crash News desk at
Business Upturn
16 hours ago
- Business Upturn
Manappuram Finance appoints Deepak Reddy as CEO, Nandakumar continues as MD
By News Desk Published on August 1, 2025, 09:18 IST Manappuram Finance Limited has announced that Mr. Deepak Reddy has formally taken charge as the Chief Executive Officer (CEO) of the company, effective August 1, 2025. The appointment was earlier communicated to stock exchanges on May 9, 2025. Following this transition, Mr. V. P. Nandakumar, who previously held the dual role of Managing Director & CEO, will continue as Managing Director, with the CEO now reporting directly to him. The change in Mr. Nandakumar's designation became effective at the close of business on July 31, 2025. This leadership update has been made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also updated this information on its official website, Mr. Deepak Reddy now takes the helm at one of India's prominent non-banking financial companies (NBFCs), known for its extensive portfolio in gold loans, microfinance, vehicle finance, and housing finance. Disclaimer: This article is based on official exchange filings made by Manappuram Finance Limited. This does not constitute a recommendation to buy or sell any stock. Please consult a registered financial advisor before making any investment decisions. Ahmedabad Plane Crash News desk at
Business Upturn
16 hours ago
- Business Upturn
Aditya Infotech IPO allotment status: Here's how to check today
By News Desk Published on August 1, 2025, 09:25 IST Last updated August 1, 2025, 09:35 IST Aditya Infotech Limited's ₹1,300 crore IPO allotment is being finalised on August 1, 2025, after the issue closed for subscription on July 31. The company aims to list on the BSE and NSE on August 5, 2025. Subscription highlights The IPO saw oversubscription of approximately 100.7× by book closure, driven by strong institutional and retail participation. QIB demand surged to over 133× , while retail and NII segments saw multiples of roughly 50–72× . The grey market premium (GMP) is trading at about ₹285–290, indicating an expected ~42–43% listing gain over the IPO's upper price band of ₹675. How to check IPO allotment status Investors can verify their allotment by following these steps: Via the registrar's website: Visit the IPO registrar portal (e.g., Link Intime or the official IPO registrar website). Select 'Aditya Infotech Ltd IPO' from the dropdown. Enter your PAN number, Demat ID, or application number , then click 'Submit' or 'Check Status' . The result will show the number of shares allotted, if any. Via stock exchange platform (BSE): Go to the BSE website , navigate to 'Status of Issue Application' . Choose Equity, select Aditya Infotech IPO, and enter your PAN or application number to view allotment details. Via your broker or demat account: If you applied through platforms like Zerodha, Groww, Upstox, your IPO application section should show allotment status and allocated shares once finalized. Post-allotment timeline Event Expected date Allotment finalised August 1, 2025 Refunds & credit date August 4, 2025 IPO listed on BSE/NSE August 5, 2025 Refunds for unsuccessful applicants and demat credit for allotted shares are expected on August 4, 2025, with listing to follow the next day. Ahmedabad Plane Crash News desk at
