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Scrips, which has significant changes during the market hours.

Radico Khaitan's vodka, whisky brand report strong sales in FY23

11-Apr-23 12:05Hrs IST

According to the latest figures released by the company, Magic Moments Vodka has surpassed the 5 million cases mark in sales in FY2023, an increase from the 3.8 million cases sold in the previous year. This marks a YoY growth of 31.5% for the popular vodka brand.

Meanwhile, 8PM Premium Black Whisky has also achieved a noteworthy milestone, selling over 3 million cases in the financial year 2023. This is a significant increase from the 2.1 million cases sold in the previous year, representing a growth of 42.8%.

Radico Khaitan is among the oldest and one of the largest manufacturers of Indian-made foreign liquor (IMFL) in India. It is one of the few companies in India to have developed its entire brand portfolio organically. The company has a total owned capacity of 157 million litres and operates 32 bottling units (5 owned and 27 contracted) spread across the country.

The liquor maker's Q3 FY23 standalone net profit dropped by 25.6% to Rs 57.05 crore from Q3 FY22, while net revenue from operations grew 4.7% to Rs 792.15 crore.

Shares of Radico Khaitan were down 2.40% to Rs 1085.60 on the BSE.

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