Radico Khaitan to consolidate subsidiaries, reports strong Q2 FY26

Radico Khaitan's board of directors has approved a scheme of amalgamation for its wholly-owned and step-down subsidiaries, including Radico Spiritzs India Private Limited, into Radico Khaitan Limited. This move aims to optimize the legal structure, reduce compliance burdens, and achieve cost savings by consolidating entities previously formed for the Sitapur greenfield project. The amalgamation is subject to regulatory approvals.

In Q2 FY26, the company reported a 33.8% year-over-year increase in revenue from operations (net) to ₹1,493.9 crore, with total IMFL volume growing 37.8% to 9.34 million cases. Prestige & above volume also saw significant growth of 21.7% to 3.89 million cases. Gross profit rose 33.9% to ₹652.0 crore, and EBITDA increased 45.4% to ₹236.1 crore.

Net debt saw a reduction of ₹146.1 crore since March 2025, reaching ₹427.4 crore. Radico Khaitan also announced the acquisition of a 47.5% equity stake in D'YAVOL Spirits B.V. and D'YAVOL Spirits Private Limited, with the latter acquisition still in process as of October 2025. These results reflect the company’s continued focus on premiumization and operational efficiency.