Latest news with #Jaisalmer
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Business Standard
27-05-2025
- Business
- Business Standard
MOFSL projects 22% upside for this liquor stock; up 2% in weak market today
Radico Khaitan share price: Liquor maker Radico Khaitan shares traded higher in a weak market on Tuesday, May 26, 2025 with the stock rising as much as 1.56 per cent to hit an intraday high of ₹2,478.80 per share. At 1:00 PM, shares of Radico Khaitan were up 0.75 per cent at ₹2,458.90, while the benchmark BSE Sensex was down 0.71 per cent at 81,596.31. Why did Radico Khaitan shares rise in a weak market? The uptick in Radico Khaitan shares came after domestic brokerage Motilal Oswal Financial Services Limited (MOFSL) initiated coverage on the stock with a 'Buy' rating. The brokerage set a target price of ₹3,000, implying a 22 per cent upside from the previous close of ₹2,453. 'Radico Khaitan is currently trading at 67x/53x FY26E/FY27E P/E with a RoE/RoIC of ~17 per cent/19 per cent in FY27E. We believe a ~30 per cent EPS CAGR is good enough for sustaining rich valuations. We value the company at 60x P/E on Jun'27E EPS to derive a TP of ₹3,000,' analysts at Motilal Oswal said, in a note. Other reasons behind initiating coverage Motilal Oswal analysts highlighted that Radico Khaitan is among the oldest and largest Indian Made Foreign Liquor (IMFL) producers, with net revenue of ₹48,000 crore and a volume of 31 million cases in FY25. Its premium & above (P&A) segment alone contributed ~15 million cases. Formerly Rampur Distillery Company, Radico started operations in 1943 as a bulk spirits supplier and now owns well-known brands such as 8PM, Magic Moments, Royal Ranthambore, Rampur Single Malt, After Dark, Morpheus, Contessa, and Jaisalmer. The company, analysts said, has upgraded its brand perception in recent years and successfully ventured into the luxury segment with launches like Rampur, Ranthambore, and Jaisalmer. With offerings across whiskey, vodka, gin, rum, and brandy, priced between ~₹500 to over ₹8,000, Radico Khaitan serves a broad consumer base. ALSO READ | The strong market acceptance of its premium brands highlights the company's long-term brand evolution. Analysts believe Radico Khaitan can build on this momentum by expanding its brand portfolio to capture untapped high-volume segments. Radico Khaitan currently holds ~8 per cent market share in the P&A segment within the IMFL industry. Vodka contributes ~50 per cent of its P&A sales, with the company commanding over 80 per cent share in the P&A vodka market. It has also been growing its P&A whiskey segment, which now accounts for ~5 million cases. Although its industry share in this category remains modest at 3 per cent, analysts see strong growth potential and believe the company can sustain double-digit volume growth in the P&A segment over the medium-term. Besides, from FY19 to FY25, Radico Khaitan delivered 15 per cent revenue compound annual growth rate (CAGR), driven by a 12 per cent CAGR in its IMFL business (70 per cent of total revenue) and a 23 per cent CAGR in non-IMFL (30 per cent of revenue). Within IMFL, the P&A portfolio — which makes up 70 per cent of segment sales — clocked a 20 per cent revenue CAGR and 13 per cent volume CAGR. However, rising input costs, particularly in ENA and glass, led to a decline in gross margin from 51.4 per cent in FY19 to 42.8 per cent in FY25. Ebitda margin also contracted, though more modestly, from 16.5 per cent to 13.9 per cent during the same period. ALSO READ | Analysts also highlighted that Radico Khaitan has been one of the top-performing consumer stocks, delivering 25x returns over the past decade and 8x over the last five years. Its valuation multiples have seen a major re-rating thanks to the consistent performance of its P&A portfolio. Still, analysts believe the stock has more room to run, backed by earnings growth potential over the next 3–5 years. Radico Khaitan's P&A volumes are ~15 million cases, compared to the industry total of ~200 million cases in this category and ~400 million in the broader IMFL space. Key downside risks Key downside risks, analysts believe, include a sharp rise in ENA and glass prices, a potential hike in excise duty amid fiscal stress in several states due to populist spending, and intensifying competition in the industry. That said, with expansion plans underway in the premium and luxury segments — where volumes are considerable — analysts see Radico Khaitan increasing its market share and strengthening its execution capabilities, which should aid in the successful rollout of new products.
Yahoo
22-05-2025
- Politics
- Yahoo
Old Turkey crash image falsely linked to South Asia conflict
"First photo of Pakistani fighter pilot captured by India," says an X post on May 9, 2025, which features a night time picture of a group of people standing in a field. "He was caught in Lathi near Jaisalmer. He is injured," the post adds, referring to a village in the northwestern Indian city. Around 70 people were killed during four days of intense fighting in May between nuclear-armed neighbours India and Pakistan, sparked by a deadly attack on tourists by gunmen in Indian-administered Kashmir. New Delhi blamed Islamabad for the assault, which Pakistan denies (archived link). A May 10 ceasefire ended the intense tit-for-tat drone, missile, aerial combat and artillery exchanges, and both sides have agreed to withdraw their troops back to peacetime positions by the end of the month. Similar claims appeared on X and Instagram, while several Indian news media articles featured the same image. However, there have been no official reports that a Pakistani military pilot was captured in Jaisalmer as of May 22. A reverse image search on Google found the picture published by photo agency Getty Images on December 12, 2016, credited to AFP (archived link). The photo's caption in AFP's archives reads: "Turkish military personnel arrive near a Turkish F16 war plane which crashed in Diyarbakir on December 12, 2016" (archived link). The country's military said the fighter jet crashed near an airport in the south-eastern city of Diyarbakir, but the pilot ejected safely, the caption also states. "The cause of the crash was not immediately known but the government said an investigation had been launched." The incident was also reported by Turkey's state-run Anadolu Agency, which said the jet crashed during a training session (archived link). Pakistani media organisation Geo Fact Check debunked similar claims about the photo (archived link). AFP's fact-checks of misinformation triggered by the recent conflict between Pakistan and India can be found here.
Times of Oman
08-05-2025
- Politics
- Times of Oman
Pakistan's Ministry of Foreign Affairs statement on baseless Indian allegations
Muscat: The Government of Pakistan categorically rejects the baseless and irresponsible allegations propagated by the Indian media, accusing Pakistan of launching attacks on Pathankot, Jaisalmer, and Srinagar. These claims are entirely unfounded, politically motivated, and part of a reckless propaganda campaign aimed at maligning Pakistan. The repeated pattern of leveling accusations against Pakistan without any credible investigation reflects a deliberate strategy to manufacture a pretext for aggression and to further destabilise the region. Such actions not only further endanger regional peace but also reveal a disturbing willingness to exploit misinformation for political and military ends. We urge the international community to take serious note of this dangerous behaviour and to counsel India toward restraint and responsibility. Any escalation based on false pretenses will be met with full resolve and determination to safeguard Pakistan's sovereignty and territorial integrity. Pakistan remains vigilant and firmly committed to peace, but it will not be deterred by attempts to provoke, intimidate, or mislead and reserves the right to respond to acts of aggression. These allegations are rejected in the strongest possible terms.
Mint
06-05-2025
- Business
- Mint
Radico Khaitan eyes 30% growth for luxury spirits, plans two new products in FY26
Radico Khaitan Ltd., the maker of Rampur single malt, will focus on luxury brands in the ongoing fiscal even as its volumes rose in the fiscal ended March on the back of both premium and mass-market brands. The company expects to launch two new luxury products, both in the brown and white spirits segments, targeting the Indian and international markets, managing director Abhishek Khaitan told Mint. These will be in addition to luxury liqueur, Ankahi, which it launched in March. 'We will enter the super-premium whisky segment within the first half of the year in these high-growth categories, which will continue our premiumisation journey,' he said. 'Our craft luxury gin, Jaisalmer, now has 50% of the market share in its category and Rampur single malt, similarly, is also doing very well." The company, which also makes Magic Moments vodka and 8PM whisky, sold 31.36 million cases of Indian-made foreign liquor (IMFL) during the year, up 9.2% over FY24's 28.7 million cases, according to its exchange filing. The company generated a revenue of ₹ 340 crore in FY25 from its portfolio of luxury spirits, starting at ₹ 4,000 per bottle and going up to ₹ 5 lakh for certain single malt variants. Khaitan said the distiller is targeting a topline growth of more than 30% to reach ₹ 500 crore revenue in this segment in FY26. 'The luxury is a segment where a lot of Indian companies aspired to be,' he said. 'In 2016, we first launched our single malt range and we're seeing the returns of that now, about 7-8 years later.' Radico Khaitan's consolidated revenue stood at ₹ 17,098.5 crore in FY25, up 10.4% over FY24's ₹ 15,483.9 crore. Its net profit rose 31.86% year-on-year to ₹ 345.61 crore. In the ongoing quarter, Radico Khaitan also launched its 8 PM branded Premium Black, a grain-blended Indian whisky, as part of the company's broader strategy to strengthen its portfolio for consumers looking for premium offerings. Next, the company will launch two luxury brands—these projects have been in development for the past two years, the company said. "In the last five years, we have surpassed the industry and have grown higher than it. We feel the trend will continue and we will grow our 'prestige and above' segment by 15% or more in FY26,' Khaitan said. 'Volumes in the regular range have come back, and this will grow 12-14% as well, as cost pressures on grains, etc., are easing. Our luxury business will lead the charge at 30%." The higher-priced prestige and above brands accounted for 13 million cases—a 15.5% increase—and contributed nearly 70% of its total liquor sales value, according to the company's filings. In the January–March quarter, Radico Khaitan recorded the highest-ever quarterly volume at 9.15 million cases, up nearly 28% from a year earlier. The alco-bev sector reported a revenue growth of 8-10% in FY25, fuelled by consistent demand and a growing preference for premium products, according to Icra Ltd, a credit rating agency part of Moody's Investor Service. Operational profit margins remained steady at 12-13%, supported by reduced packaging costs, despite the upward pressure from rising grain prices, it said.
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Business Standard
06-05-2025
- Business
- Business Standard
Radico Khaitan Q4FY25 results: Net profit rises 71% on strong demand
The company reported a 71% rise in consolidated net profit at 920.7 million rupees (about $11 million) for the three months ended March 31 Reuters Indian alcoholic beverage maker Radico Khaitan reported higher fourth-quarter profit on Tuesday, driven by strong demand for premium products such as its 'Rampur' whisky. The company reported a 71% rise in consolidated net profit at 920.7 million rupees (about $11 million) for the three months ended March 31. Revenue from operations rose 15% to 44.85 billion rupees. KEY CONTEXT Radico has increased its focus on higher-priced premium segment in recent years, which includes brands such as 'Rampur' single malt whisky and 'Jaisalmer' brand of gin. Radico's sales from its premium brands - which contributed to 63% of overall revenue - increased 22% in the quarter. Favourable liquor policies in states such as Karnataka, which reduced taxes on premium alcohol, and Andhra Pradesh, which allowed private retailers to sell spirits, also boosted demand. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
