Radico Khaitan Profit Jumps 66 Percent
Indian liquor maker Radico Khaitan posted a 66 percent rise in quarterly profit as robust demand for luxury and premium spirits lifted margins. Consolidated net profit reached 2.32 billion rupees for the quarter ended September 30.
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India's Radico Khaitan posted a 66% jump in quarterly net profit to 2.32 billion rupees ($24.39M) on Tuesday, driven by robust demand for premium spirits. The maker of Jaisalmer craft gin and Royal Ranthambore whisky beat prior earnings as consumers pivoted to luxury offerings. Higher-end prestige volume grew 36% during the period, led by increased vodka sales.
