Latest news with #RadicoKhaitan
Business Upturn
20 hours ago
- Business
- Business Upturn
Radico Khaitan: CLSA bullish with Rs 3,098 target on white spirits leadership and brand strength
By News Desk Published on July 29, 2025, 08:16 IST 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
Time of India
2 days ago
- Business
- Time of India
Radico Khaitan enters luxury vodka market with ‘The Spirit of Kashmyr'. Check prices
Radico Khaitan , one of India's leading alco-bev companies, has launched a new premium vodka brand, The Spirit of Kashmyr , with its initial rollout starting in Uttar Pradesh. The company plans to expand distribution to Goa, Maharashtra, and other key markets in the coming months. The new offering includes two variants—Indian Natural Vodka and Indian Saffron Vodka—positioned in the luxury segment. While the company highlights Kashmir's cultural and natural heritage as an inspiration behind the product, the move is part of Radico's broader strategy to strengthen its presence in India's growing premium spirits category. Explore courses from Top Institutes in Please select course: Select a Course Category Operations Management Project Management others Digital Marketing Management Data Science Leadership Product Management PGDM Artificial Intelligence CXO Cybersecurity Design Thinking Data Science MBA Technology Finance Others Public Policy MCA healthcare Healthcare Skills you'll gain: Quality Management & Lean Six Sigma Analytical Tools Supply Chain Management & Strategies Service Operations Management Duration: 10 Months IIM Lucknow IIML Executive Programme in Strategic Operations Management & Supply Chain Analytics Starts on Jan 27, 2024 Get Details In Uttar Pradesh, the saffron-infused vodka is priced at Rs 3,000 and the natural variant at Rs 2,500 for a 750 ml bottle. Both variants are also available in 180 ml packs, priced at Rs 740 and Rs 620, respectively. 'With the Spirit of Kashmyr, we mark a pivotal milestone in Radico Khaitan's premiumisation journey. As India's largest vodka makers, we bring deep category expertise and an unparalleled understanding of the craft. Coupled with our nuanced appreciation of luxury, we are well positioned to build brands that are elevated, authentic, and globally benchmarked. This vodka is created with an aspiration to transform into a leading global brand,' said Abhishek Khaitan, Managing Director, Radico Khaitan. Amar Sinha, Chief Operating Officer at Radico Khaitan, said, "Crafted from the rare saffron of Pampore and the pristine spring waters of the Himalayas, this vodka carries the essence of Kashmir, our crown, our pride, our heritage. With over 60% market share in the vodka segment , we are proud to lead from the front." Economic Times WhatsApp channel )
Business Standard
2 days ago
- Business
- Business Standard
Radico Khaitan launches its latest Vodka 'The Spirit of Kashmyr'
Radico Khaitan announced the launch of The Spirit of Kashmyr, a true luxury vodka. The roll out begins in Uttar Pradesh, followed by Goa, Maharashtra and other key markets across the country. With this latest innovation, the Company strengthens its premiumisation journey, blending tradition, elegance, and contemporary craftsmanship. The brand introduces two exquisite variants Indian Natural Vodka and Indian Saffron Vodka, each crafted to reflect the purity, depth, and heritage of its origin. Commenting on the launch, Abhishek Khaitan, Managing Director, Radico Khaitan, said, With The Spirit of Kashmyr, we mark a pivotal milestone in Radico Khaitan's premiumisation journey. As India's largest vodka makers, we bring deep category expertise and an unparalleled understanding of the craft. Coupled with our nuanced appreciation of luxury, we are well positioned to build brands that are elevated, authentic, and globally benchmarked. This launch reflects our confidence and commitment to creating world-class brands that celebrate India's rich heritage while resonating deeply with the evolving tastes of modern consumers. This vodka is created with an aspiration to transform into a leading global brand. It is a step forward that aligns perfectly with our long-term vision to redefine the Indian alcobev landscape through innovation, excellence, and distinction.
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Business Standard
4 days ago
- Business
- Business Standard
India-UK trade pact: Tariff cut may not impact Scotch whisky retail prices
The India-UK free trade agreement (FTA), under which tariffs on whisky and gin have been halved from 150 per cent to 75 per cent, which will further fall to 40 per cent in a decade's time, will not necessarily impact prices of Scotch whisky and gin for Indian consumers. According to a May 2025 report from the International Wine & Spirit Research (IWSR), blended Scotch grew the strongest of all the large whisky categories in India in 2024, with volumes rising by medium single digits and sales more than doubling since 2020. India is known to be a whisky market, with widespread national sales. However, while the data company's forecasts anticipated an upside from the FTA, it added that its impact should not be overestimated. 'While tariffs have been slashed from 150 per cent to 75 per cent, the impact on shelf prices is closer to 10 per cent and it is not a given that this will be passed on to consumers,' it had stated in the 2025 executive summary. The revised tariffs will apply to both bottled-in-origin (BIO) and bulk imports. Industry executives agree, stating that tariffs make up only up to 15 per cent of the final retail price, and with state taxes and costs for distribution and marketing, prices could be down by a mere 10 per cent. This may not be passed on to consumers, they said on the condition of anonymity. A senior commerce ministry official said that a major portion of whisky imports into India are used in the manufacture of blended whisky, whose production is set to rise due to cheaper raw material. 'We are foreseeing significant strategic and cost advantages from this development. We have estimated our Scotch requirements at over ₹250 crore in 2025-26 (FY26), and this treaty represents a substantial opportunity for value creation,' said Abhishek Khaitan, managing director at Radico Khaitan, one of the largest importers of Scotch whisky. Some liquor players also believe that the FTA will help consumers have access to premium Scotch whisky at reduced prices. 'The UK FTA is a positive move for the Scotch whisky segment, and it will enhance accessibility and affordability for Indian consumers. For import-driven portfolios like ours, this could fast-track category adoption, bring price parity closer to Indian Made Foreign Liquor (IMFL), and enable deeper reinvestment into consumer-building efforts,' said Debashish Shyam, cofounder and director, Ardent Alcobev, which sells Dram Bell blended Scotch whisky. However, the real benefit, Shyam added, will depend on how quickly the duty reductions are implemented, and whether the states align their tax structures accordingly. Spirits made up 51.2 per cent of the total beverage alcohol market in 2024, dominated by whisky. According to the data company, India consumed 258,750 under-9-litre cases of whisky in 2024, which is set to witness a compound annual growth rate (CAGR) of 3.1 per cent from 2024 to 2029. These included 8,509.60 cases of Scotch whisky, the company stated, adding that India is set to become the biggest Scotch market in the world by 2027.
Mint
6 days ago
- Business
- Mint
Hero MotoCorp, Crompton Consumer to Radico: 8 Key stocks to trade Ex-date for dividend of up to ₹65 on 24 July 2025
Dividend Stocks: Hero MotoCorp, Crompton Consumer , Radico Khaitan, Cholamandalam Investment and Finance Company, TCPL Packaging, Bliss GVS Pharma Ltd., 20 Microns Ltd., and IVP are among 8 Key stocks to trade Ex-date for dividend of up to ₹ 65 on 24 July 2025 These companies, along with many others, had decided that July 24, 2025, would be the record date for completing the list of eligible shareholders for dividends. To be added to the list of eligible shareholders to receive dividends under the T+1 settlement method, investors had to buy the shares of these companies at least one day before the recording. CROMPTON—The recommended dividend for the fiscal year ending March 31, 2025, by Crompton Greaves Consumer Electricals Ltd is Rs. 3/- (Rupees Three Only) per equity share of Rs. 2/- (Rupees Two Only) (completely paid-up). This dividend is subject to shareholder approval at the next meeting. RADICO—Radico Khaitan Ltd had recommended a final dividend of Rs. 4.00 per share 20 MICRONS—20 Microns Ltd had recommended a final dividend of ₹ 1.25 per share BLISSGVS—A final dividend of Rs. 5 per share had been recommended by Bliss GVS Pharma Ltd. CHOLAFIN—A Final Dividend of ₹ 0.70 per share had been recommended by Cholamandalam Investment and Finance Company Ltd HEROMOTOCO—The board of the two-wheeler firm suggested a final dividend of ₹ 65 per share (face value: ₹ 2) during its May 13, 2025, meeting. The record date is July 24, and the dividend will be approved at the company's 42nd Annual General Meeting. IVP Ltd for a final Dividend of ₹ 1.00 per share TCPLPACK Dividend of ₹ - 30.0000 FIEMIND for Final Dividend - of Rs. - 30.00 HATSUN for Interim Dividend of ₹ 6.00 per share PAUSHAK LTD for the final dividend of ₹ 20.00 er share PRIVISCL Final Dividend - Rs. - 5.00 Sanco Trans Ltd for a Dividend—Rs. - 2.70 Birlanu Ltd for final dividend—Rs. - 30.00
