Radico Khaitan Q1 FY27: Magic Moments 3.25m cases

Stock in focus ahead of Q1 FY27 results

Radico Khaitan is set to announce its Q1 FY27 financial results after a strong start to the April to June 2026 quarter for its flagship vodka brand. The company said its board meeting is scheduled for July 28, 2026 to consider the Q1 FY27 unaudited standalone and consolidated financial results. The update comes as investors track management commentary on premiumisation and margins, following a sharp move in the stock.

On the market side, Radico Khaitan’s share price hit a new high of ₹4,089.90, rising 5% in intra-day trade on the NSE after the company highlighted a key volume milestone for Magic Moments. The stock’s CMP was ₹4,065.3, while the company’s market capitalisation was ₹54,481.66 crore, based on the provided quick details.

Board meeting on July 28 and earnings call on July 29

The company’s board is scheduled to meet on July 28, 2026, with the agenda to consider Q1 FY27 unaudited results. Separately, the Q1 FY2027 earnings call is scheduled for July 29, 2026, and dial-in details have been shared for investors.

For the market, the sequencing matters because investors typically look for: (1) reported revenue growth and margin movement, (2) any changes in premium portfolio mix, and (3) management’s stance on leverage reduction. The company’s latest disclosed net debt (latest quarter) was ₹244.1 crore in the quick details shared with the article.

Magic Moments milestone anchors the premiumisation narrative

Radico Khaitan said its “millionaire and top-selling” brand Magic Moments Vodka recorded 3.25 million cases in Q1 FY27, representing a 43% year-on-year increase. The company’s management has positioned premiumisation as a core driver, and this volume update was presented as supporting that thesis.

The stock reaction suggests the market is linking the brand’s growth to potential operating leverage. However, the financial impact will be clearer once the company reports revenue, EBITDA, and profit for the quarter. For now, the key disclosed data point is the Q1 FY27 Magic Moments volume and its year-on-year growth.

Street expectations for Q1 FY27: Equirus estimates

For Q1 FY27, Equirus estimates Radico Khaitan will report:

• Net sales of ₹1,731 crore, up 15% YoY
• EBITDA of ₹330 crore, up 42% YoY
• EBITDA margin of 19.1%, up 363 basis points YoY
• Profit after tax of ₹209 crore, up 49% YoY

These are external estimates, not company guidance. Still, they frame what the market may benchmark against on results day, especially because margin expansion and premium mix have been central themes in Radico Khaitan’s recent commentary.

Quick snapshot: key dates and recent reference numbers

Recent quarter context: Q4 FY26 performance referenced

The article’s quick details point to Q4 FY26 as the previous quarter reference, with revenue from operations (net) of ₹1,503.7 crore, PAT of ₹175.2 crore, and EBITDA margin of 19.0%. Additional Q4 FY26 metrics included EBITDA of ₹286.3 crore, PBT of ₹232.7 crore, and basic EPS of ₹13.08.

On a year-on-year basis, the company had reported strong growth in Q4 FY26: net revenue up 15.3%, EBITDA up 64.0%, and net profit up 93.1%, as per the figures in the provided text. The company also reported net debt of about ₹244 crore as of March 31, 2026, and said it expects to become net-debt-free by the first half of FY2027.

FY26 annual numbers and portfolio mix data points

For the full year, the text states Radico Khaitan’s net revenue climbed 24.7% to ₹6,050.4 crore. It also states net profit for FY26 was ₹602.5 crore, up 74.6% year-on-year, and total comprehensive income for FY26 was ₹600.3 crore, up 75.9%.

On the premium portfolio, the text adds that the premium portfolio generated ₹475 crore in FY26 sales. It also notes that Magic Moments Vodka approached ₹1,500 crore in sales and surpassed 86 lakh cases, highlighting its scale within Radico’s portfolio.

A look back: Q1 FY26 as a comparison point

The text also provides Q1 FY26 reported performance, which offers a historical benchmark for how the company has been scaling volumes and profitability. For Q1 FY26, Radico Khaitan reported:

• Revenue from operations (net): ₹1,506 crore
• EBITDA: ₹230.7 crore with EBITDA margin of 15.3%
• PAT: ₹133 crore
• Net debt (June 30, 2025): ₹409.8 crore
• IMFL volume: 9.72 million cases (Prestige and Above: 3.84 million cases)

The company commentary in the supplied transcript described Q1 FY26 as its “highest ever quarterly volumes, net sales, and profitability”, and linked the improvement to premium portfolio demand and margin expansion.

Market impact and what investors may track on results day

The immediate market impact was visible in the stock’s move to a new high of ₹4,089.90 following the Magic Moments update. With the results date and earnings call now set, investors will likely focus on whether reported margins align with expectations such as the 19.1% EBITDA margin estimate referenced for Q1 FY27.

Another key factor is leverage. The company has highlighted net debt reduction previously, and the quick details cited net debt of ₹244.1 crore. Any updated commentary on the path to becoming net-debt-free in the first half of FY2027 will be closely watched, given its potential implications for interest costs and balance sheet flexibility.

Conclusion

Radico Khaitan’s Q1 FY27 results, scheduled for July 28, 2026, come at a time when the company is reinforcing its premiumisation strategy with a strong Magic Moments volume update of 3.25 million cases, up 43% YoY. The stock’s move to a new high underscores heightened expectations going into the print. The next key checkpoint is the July 29, 2026 earnings call, where investors will look for detail on margins, brand mix, and the company’s stated path toward a lower-debt balance sheet.