Radico Khaitan posts double digit numbers in Q1FY17

Radico Khaitan will certainly be the stock of Aug 18 trade. Company on Aug 17 has declared its Q1FY17 results and has impressed the street as far as numbers are concerned. In Q1FY17, company has reported a net profit of Rs 21.53 crores, which has increased by 19 per cent as compared to Q1FY16.Total income from operations has increased by 9 percent to Rs 430.4 crore during the quarter as compared to Q1FY16. EBITDA has grown by 20 per cent and stands at Rs 56.36 crores as compared to corresponding quarter of the previous fiscal.

On the other hand, stocks on the exchanges on Aug 17 closed at Rs 101.40. The scrip on Aug 18 has opened in green, and shares are currently trading at Rs 103.45, up by 2.02 per cent. 52-week High/Low of the company stands at Rs 131/81.20.Shares in the last 3 months have surged by 13 per cent.

Radico Khaitan Ltd., is an Indian company engaged in the business of liquor manufacturing, one of the largest players in the Indian Spirits industry, it was formerly known as Rampur Distillery which was established in 1943. Dr. Lalit Khaitan along with his father bought Rampur Distillery in 1972 to run it as a bottler for other's spirits, as a part of their family business.