Latest news with #AbhishekKhaitan
Time of India
27-05-2025
- Business
- Time of India
Radico Khaitan's share dips as its 'Trikal' brand sparks major controversy
Homegrown liquor company Radico Khaitan saw its share closing in the red on Monday, after it drew a mega controversy for hurting religious sentiments via offering a new whisky brand titled 'Trikal,' that refers to the Hindu deity Shiva . Shares of Radico Khaitan, known for brands such as 8PM, Magic Moments, Royal Ranthambore, Rampur Single Malt, After Dark, Morpheus, Contessa and Jaisalmer, fell Rs 12.60 (0.51 per cent) to close at Rs 2,440.00 - after witnessing an intra-day rise which subsided as the controversy erupted over its 'Trikal' Indian single malt. Radico Khaitan's 52-week low has been Rs 1,429.85 per share, with its 52-week high at Rs 2,665.00 per share. The whisky is priced between Rs 3,500 and Rs 4,500, and debuts in key markets including Uttar Pradesh, Haryana and Maharashtra, with plans for a wider national and global rollout in the coming months. Radico's Managing Director Abhishek Khaitan has positioned its launch as a milestone in the company's premiumisation journey. However, religious gurus, Sanatan Dharam organisations and politicians on Monday lashed out at the company for naming its product as 'Trikal', and demanding immediate withdrawal of the product. The whisky bottle with a teal label also carries a line-drawn figure of a face with closed eyes and a circle on the forehead - allegedly similar to Lord Shiva's third eye. Mahant Raju Das Maharaj of Ayodhya Dham said, "I appeal to the owners of Radico Khaitan, please understand, recognise and respect Sanatan Dharma. India is a country rooted in Sanatan culture, where every particle reflects its vastness. Every individual holds deep faith, devotion and reverence for Sanatan..." Vishwa Hindu Parishad (VHP) National Spokesperson Vinod Bansal said, "It is very unfortunate that not only in our country but in many parts of the world, images of Hindu deities, their symbols and the centres of our faith are being displayed disrespectfully, sometimes on slippers, sometimes on shoes, sometimes on bikinis and sometimes on clothing. This is extremely condemnable, shameful and entirely disrespectful." BJP MP Praveen Khandelwal said, "It is a matter of serious concern that companies adopt our religious names for their promotions and personal gain." Seeking withdrawal of such products or their renaming, the MP said, "I demand that these companies immediately change such names. Any name connected to our culture and heritage deserves respect, and using it in a disrespectful manner is deeply embarrassing for all of us." Mahamandleshwar Swami Shaileshanand Giri Maharaj also decried the company's use of a controversial name to gain publicity. Seeking immediate check on using such religiously sensitive terms for publicity, he said, "Today they are talking about 'Trikal'; tomorrow it might be about 'Tridev'. They must understand that this is not appropriate. For this, they need to set their own moral standards and adopt ethical values." --IANS na-rch
India Today
26-05-2025
- Business
- India Today
Radico Khaitan launches TRIKĀL and Morpheus whiskies
Radico Khaitan is raising a toast to India's evolving taste for premium spirits with the launch of two distinct whiskies—TRIKAL Indian Single Malt and Morpheus Super Premium the new launches, the company's goal is to dominate both the luxury and super-premium categories, building on the global success of its flagship Rampur Indian Single at the storied Rampur Distillery, TRIKAL marks Radico's boldest foray yet into the Indian single malt space. Priced between Rs 3,500 and Rs 4,500, the whisky debuts in key markets including Uttar Pradesh, Haryana, and Maharashtra, with plans for a wider national and global rollout in the coming 'TRIKAL is not merely a whisky—it is a temporal voyage,' the company said in a statement. 'It's a convergence of heritage and horizon, crafted not just for the moment, but for every moment that ever was or ever will be.'Radico's Managing Director Abhishek Khaitan positioned the launch as a milestone in the company's premiumisation journey. 'The Indian Single Malt segment has witnessed a remarkable transformation over the past decade. The launch of TRIKAL marks yet another milestone in Radico Khaitan's journey to elevate Indian spirits on the world stage and reflects our long-term vision of investing in innovation-led, homegrown luxury.'Echoing the sentiment, Chief Operating Officer Amar Sinha called TRIKAL a result of passion and precision. 'Every element, right from the selection of barley to the rare combination of casks used for maturation... We have blended tradition and technique to create an indulgent experience that connects with the deeper essence of time itself.'advertisementAlongside TRIKAL, Radico has also introduced Morpheus Super Premium Whisky, priced between Rs 1,200 and Rs 1, on the brand equity of Morpheus Brandy, which commands a 60% share in India's super-premium brandy segment, the new whisky is aimed at the next generation of drinkers—urban, aspirational, and achievement-orientated.'With Morpheus Whisky, we are proud to extend this powerful legacy into the super-premium whisky segment,' said Khaitan. 'This launch represents not just a strategic milestone for Radico Khaitan, but also a toast to the next generation of achievers who redefine success on their own terms.'Formulated with imported Scotch malts and Indian grain spirits, Morpheus Whisky is aged in Bourbon barrels to deliver a bold, full-bodied profile with fruity and floral notes—crafted for those who pursue ambition with intensity.
Mint
26-05-2025
- Business
- Mint
Radico Khaitan share price climbs 3%, gains over 50% in last 1 year; is it a stock to buy?
Radico Khaitan share price saw a decent gain of about 3 per cent in intraday trade on the BSE on Monday, May 26, following the launch of two new whiskies. Radico Khaitan share price opened at ₹ 2,476.30 against its previous close of ₹ 2,451.15 and rose 2.62 per cent to an intraday high of ₹ 2,515.40. On Friday, May 23, Radico Khaitan announced the launches of Morpheus Super Premium Whisky and TRIKĀL Indian Single Malt – Eternal Whisky. "The launch of TRIKĀL marks yet another milestone in Radico Khaitan's journey to elevate Indian spirits on the world stage and reflects our long-term vision of investing in innovation-led, homegrown luxury," said Abhishek Khaitan, Managing Director, Radico Khaitan. Morpheus Super Premium Whisky is priced between ₹ 1,200 and ₹ 1,500, while TRIKĀL is priced between ₹ 3,500 and ₹ 4,500. Considering Monday's high, Radico Khaitan share price has jumped nearly 53 per cent over the last year. It hit a 52-week high of ₹ 2,666 on May 7 this year and a 52-week low of ₹ 1,428.95 on June 4 last year. On a monthly scale, the stock has been in the green for three consecutive months, gaining 2 per cent in May so far, after a 1 per cent gain in April and a solid 17 per cent growth in March. (This is a developing story. Please check back for fresh updates.)
Hans India
25-05-2025
- Business
- Hans India
Radico Khaitan's Q4 net profit falls 3.57 pc, expenses up
Radico Khaitan has posted a net profit of Rs 92.07 crore in the fourth quarter (Q4 FY25), down sequentially by around 3.57 per cent compared to Rs 95.48 crore in the previous quarter (Q3 FY25). During the same period, Radico Khaitan's total expenses rose to Rs 4,365.37 crore, up by 1.24 per cent from Rs 4,312.09 crore in Q3. However, the fall in profit came despite an increase in total income and revenue from operations. Total income grew to Rs 4,486.8 crore, marking a rise of 1.01 per cent, while revenue from operations increased by 1 per cent to Rs 4,485.42 crore. For the full fiscal year ending March 31 (FY25), Radico Khaitan's net profit jumped 31.8 per cent to Rs 345.61 crore from Rs 262.17 crore in the previous financial year (FY24). Its total consolidated income reached Rs 17,103.38 crore, marking a 10.4 per cent increase over FY24. With this, Radico Khaitan has crossed the $2 billion revenue mark and recorded its best-ever financial performance. The company reported an 18 per cent year-on-year (YoY) revenue growth and its highest-ever full-year EBITDA of Rs 668 crore. In terms of volumes, the company achieved solid growth. Its total IMFL (Indian Made Foreign Liquor) volume stood at 9.15 million cases in Q4, a rise of 27.9 per cent. The Prestige and Above brands contributed 3.40 million cases, or 39.1 per cent of total IMFL volumes, growing 16.8 per cent over the previous quarter. Radico Khaitan, known for premium brands like Rampur Indian Single Malt and Jaisalmer Indian Craft Gin, plans to launch two new luxury brands in Q1 FY26. The company also aims to enter the super-premium whisky segment in the first half of the new financial year. Managing Director Abhishek Khaitan credited the strong momentum from Q3 for the company's 28 per cent volume growth in Q4 -- its highest quarterly growth in the past three years. Chairman and Managing Director Lalit Khaitan described FY25 as a landmark year for the company, driven by premiumisation and continued expansion in high-growth categories.
Time of India
18-05-2025
- Business
- Time of India
radico khaitan: India-UK FTA: Duty concession on Scotch to boost premium drive of Indian distillers
ADVERTISEMENT ADVERTISEMENT ADVERTISEMENT Indian premium whisky distillers expect that the duty concessions on Scotch imports under the India-UK free trade agreement will help improve their margins and speed up growth. A lower customs duty on bulk Scotch, used by many Indian Made Foreign Liquor (IMFL) companies for blending, will reduce costs and make premium spirits more affordable in the Indian market, which is the world's largest for whisky, they the trade pact, announced earlier this month, India will reduce duties on UK whisky and gin from 150 per cent to 75 per cent, and further to 40 per cent by the tenth players like Radico Khaitan , Allied Blenders & Distillers (ABD), and John Distilleries said the move will give Indian consumers more choices and better access to high-quality Khaitan, the largest importer of Scotch whisky for blending and which owns award-winning single malt 'Rampur' and Jaisalmer Indian Craft Gin, said the FTA has "significant potential" for cost advantages through the expected reduction in customs duties."Radico plans to import scotch malt worth Rs 250 crore in fiscal year 2025-2026, and this treaty, therefore, benefits us substantially," Radico Khaitan MD Abhishek Khaitan told similar views, Allied Blenders & Distillers (ABD), makers of Officer's Choice Whisky, said it has opened new avenues for collaboration, besides helping make the super-premium to luxury portfolio more accessible."...this agreement will also benefit ABD's Super-Premium to Luxury portfolio by making these products more accessible. We anticipate this will offer Indian consumers greater choice and the opportunity to enjoy a wider range of high-quality spirits," the company to data from the Scotch Whisky Association, India was the largest market for Scotch by volume in 2024, with 192 million bottles exported. In value terms, it ranked fourth with exports worth 248 million British Amrut Distilleries MD Rakshit N Jagdale raised concerns about the duty concessions, saying the steep reduction in duties could hurt India's domestic alcohol reduction of import duties on Scotch whisky from 150 per cent to 75 per cent in one step is "alarmingly" steep, he said."This move risks disincentivising future expansion projects within the Indian distillation sector projects that not only contribute to manufacturing GDP but also generate significant direct and indirect employment across the supply chain, from agriculture to retail," he said, adding that it will help increase in import volumes and exports are likely to be openness to global trade is vital, it must not come at the cost of long-term self-reliance, manufacturing growth, and job creation, Jagdale Distilleries Chairman Paul P John said this FTA may have a short-term impact on Indian products, but he hopes that it will allow better ease of business for Indian products in the the impact on retail pricing, John said, "At this stage, it's premature to comment on specific pricing strategies. We are monitoring the developments of the India-Uk FTA and will assess the implications once the details are finalised".According to data from the Confederation of Indian Alcoholic Beverage Companies (CIABC), sales of IMFL have grown 14 per cent by volume to 385 million cases in FY23, in which the premium products priced over Rs 1,000 per 750 ml bottle have grown over three times from the industry average to 45 per FY23, whisky sales volume of 243 million cases of 9 litres each was some of the homegrown brands of single malts as Amrut, Paul John, Indri, Rampur and Gianchand, among others, have even surpassed global brands in 2023.
