Radico Khaitan Q1 FY27 call set for Jul 29: investor cues

Radico Khaitan enters the first quarter of FY27 with investors focused on two moving parts: whether premiumisation-led volume growth stays strong, and how margins hold up amid input cost volatility. The company has scheduled its Q1 FY2027 results-related board meeting for July 28, 2026, followed by an earnings conference call on July 29, 2026 at 4:00 PM IST.

The immediate trigger for attention is a strong business update from the company’s flagship vodka brand, Magic Moments, which reported record volumes in Q1 FY27. At the same time, management’s stated target of turning net-debt-free by H1 FY27 keeps balance sheet execution in focus.

Key dates investors are tracking

Radico Khaitan informed stock exchanges that its board meeting is scheduled for July 28, 2026 to consider the unaudited standalone and consolidated financial results for Q1 FY27. The company also said the investor presentation will be released on July 28, 2026, following the results announcement.

The earnings call is scheduled for Wednesday, July 29, 2026 at 4:00 PM IST. The event is being held pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also noted the schedule can change due to exigencies.

Quick financial snapshot from the update

The article’s quick details section provides several reference points that investors typically use to frame expectations going into results.

Separately, the article also cites a revenue figure of ₹1,506.04 crore, a quarter-on-quarter increase of 15.49% from ₹1,304.08 crore, with year-on-year growth of 32.51%. Operating profit is stated at ₹164.61 crore, down 5.37% QoQ from ₹173.96 crore, and up 39.68% YoY.

Earnings call details and access

Radico Khaitan has provided dial-in details for investors and analysts, including universal access numbers and international toll-free options.

The company encouraged participants to pre-register to avoid waiting time and to join using Diamond Pass.

Premiumisation remains the core thesis

Management’s stated premiumisation thesis remains central to how the market will read the quarter. The article notes that the company continues to track toward FY27 guidance of around 20% Prestige and Above (P&A) volume growth, and a 25% increase in the luxury and semi-luxury portfolio.

It also flags that the luxury and semi-luxury portfolio is benefiting from recent excise policy shifts in Karnataka. Investors typically look for evidence of this in state-wise traction and mix changes, especially when premiumisation is expected to support margins.

Magic Moments volume surge sets the tone

The strongest disclosed Q1 FY27 operating datapoint is from Magic Moments Vodka. The brand recorded 3.25 million cases in Q1 FY27, a 43% year-on-year increase from 2.27 million cases in Q1 FY26.

Radico Khaitan said Magic Moments has maintained a run rate of 1 million cases every month. The update also put Magic Moments’ estimated share of India’s vodka market at around 60%, reinforcing its leadership position in the category.

Stock reaction: fresh high after the business update

The business update on Magic Moments coincided with a sharp move in the stock. The share price hit a new high of ₹4,089.90, rising about 5% in intraday trade on the NSE.

The stock opened at ₹3,940 versus a previous close of ₹3,892.30. From the previous close to the day’s high, the move was ₹197.60, or about 5.08%. At 10:42 AM, the stock was trading at ₹4,060, up ₹167.70 or 4.31%.

The article also notes that in calendar year 2026 so far, Radico Khaitan’s market price rose 25%, while the benchmark index declined 6%. It also says the stock bounced back 64% from its 52-week low of ₹2,500 touched on March 2, 2026.

Balance sheet watch: net debt target in H1 FY27

Debt reduction is another key theme investors are likely to press management on during the call. The article states net debt was ₹244.1 crore at the end of FY26, down from ₹573.6 crore in FY25.

Management has guided toward becoming net-debt-free by the first half of FY27, with a note in the update indicating “Net Debt - Zero by H1 FY27 - Q1 position pending.” The Q1 results and commentary should clarify the pace of deleveraging.

FY26 performance context and margin trajectory

For longer-term context, the article states Radico Khaitan reported consolidated revenue of ₹6,050.4 crore in FY26, up 24.7% year-on-year. It also states FY26 consolidated net profit rose 74.9% to ₹604.48 crore from ₹345.61 crore in the previous fiscal.

On profitability, the article highlights a shift toward the Prestige and Above segment as a driver of the stronger net profit profile. It also states the company achieved an EBITDA margin of close to 16.8% last fiscal and expects this to expand by 125 basis points in FY27.

As background, it references record Q1 FY26 results driven by a 37.5% rise in IMFL volumes and a 43% increase in Prestige and Above category value. In that quarter, EBITDA margin expanded to 15.3% from 13.0% year-on-year, and total IMFL volumes reached 9.72 million cases.

Dividend and investor information

The article notes Radico Khaitan announced a dividend of ₹9 per equity share (face value ₹2) for FY 2025-26, representing a 450% payout, subject to shareholder approval at the upcoming 42nd Annual General Meeting.

It also lists an investor contact email as investor@radico.co.in and provides a telephone number 0595-2350601 and fax 0595-2350009 for the Rampur Distillery location in Rampur, Uttar Pradesh (Pin Code 244901).

Street expectations cited in the article

One brokerage estimate cited in the article (Equirus) projects Q1 FY27 net sales of ₹1,731 crore (+15% YoY), EBITDA of ₹330 crore (+42% YoY), EBITDA margin of 19.1% (up 363 basis points YoY), and profit after tax of ₹209 crore (+49% YoY). These are estimates and not company guidance.

Why the Q1 print matters

The Q1 FY27 results and the July 29 call will likely serve as a checkpoint on three linked outcomes highlighted in the update: sustaining premiumisation-led growth, keeping margins resilient, and executing the debt reduction plan.

With Magic Moments already setting a high volume benchmark for the quarter, investors will look for confirmation on how much of the momentum translates into revenue and profit, and whether the company remains on track for its stated FY27 growth and balance sheet goals.

Conclusion

Radico Khaitan will release Q1 FY27 financial results on July 28, 2026 and host its earnings call on July 29 at 4:00 PM IST. The market’s focus is likely to stay on premium portfolio growth indicators, margin commentary, and progress toward the net-debt-free target by H1 FY27.