Radico Khaitan - Q2FY21 - Angel Broking

Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd

For 2QFY2021, Radico Khaitan (RKL)'s net sales grew by ~10.5% to Rs630cr (volume increased by ~4% yoy). During the quarters, RKL's results demonstrated a sharp recovery in Radico Khaitan's performance. However, the industry revival is dispersed with a few states still reeling under pressure due to a high tax regime, prolonged and local level lock downs. On the operating front, the company reported margin improvement (up by 180bp YoY to 16.9%), primarily on account of better price realization. The reported net profit de-grew by ~8% YoY to Rs72cr due to higher taxes.

Radico Khaitan continues to focus on further strengthening its premium products portfolio through new launches and ongoing marketing investments. We currently have a POSITIVE view on the stock.

Shares of RADICO KHAITAN LTD. was last trading in BSE at Rs.453.7 as compared to the previous close of Rs. 445.85. The total number of shares traded during the day was 42403 in over 2957 trades.

The stock hit an intraday high of Rs. 459.75 and intraday low of 442.2. The net turnover during the day was Rs. 19135309.

Source : Equity Bulls

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