Radico Khaitan - 1QFY21 results - Amarjeet Maurya, AVP - Mid Caps, Angel Broking Ltd

"For 1QFY2021, Radico Khaitan (RKL)'s net sales de-grew by ~34% to Rs409cr (volume declined by ~43% yoy). Top-line was negatively impacted due to the nationwide lockdown. However, the company has outperformed the industry during the quarter. On the operating front, the company reported margin improvement (up by 242bp YoY to 18.5%), primarily on account of better price realization (due to a favorable state & product mix), increased traction in the exports division and recently received price increase in one key state. The reported net profit de-grew by ~20% YoY to Rs44cr due to lower sales. 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.397.1 as compared to the previous close of Rs. 394.75. The total number of shares traded during the day was 113108 in over 3915 trades.

The stock hit an intraday high of Rs. 412.7 and intraday low of 388.65. The net turnover during the day was Rs. 45505072.

Source : Equity Bulls

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