Radico Khaitan Q2 FY27 Results: Consolidated Net Profit ₹232 Crore on Total Income of ₹5,588 Crore

Earnings
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Blacklitt Research27 October 20263 min read

Radico Khaitan reported consolidated total income of ₹5,587.76 crore and net profit of ₹232.35 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹5,587.76 crore and standalone net profit was ₹230.87 crore.

Key highlights

Consolidated

Including its subsidiaries

Total income: ₹5,587.76 crore, up 10.4% YoY and down 4.8% QoQ
Net profit and EPS: Net profit ₹232.35 crore, up 67.2% YoY; basic EPS ₹17.34 against ₹10.43 a year earlier
Finance costs: ₹11.42 crore, down 29.9% YoY
Net profit margin: 4.16%, up 1.41 percentage points YoY

Standalone

The company on its own, without its subsidiaries

Total income: ₹5,587.76 crore, up 10.4% YoY and down 4.9% QoQ
Net profit and EPS: Net profit ₹230.87 crore, up 66.1% YoY; basic EPS ₹17.23 against ₹10.38 a year earlier
Finance costs: ₹11.42 crore, down 29.9% YoY
Net profit margin: 4.13%, up 1.38 percentage points YoY

Summary

Consolidated ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	5,587.76	5,059.09	+10.4%	5,869.46	-4.8%
Revenue from operations	5,582.71	5,056.72	+10.4%	5,867.69	-4.9%
Other income	5.05	2.37	+113.1%	1.77	+185.3%
	232.35	138.95	+67.2%	222.43	+4.5%
Finance costs	11.42	16.28	-29.9%	11.65	-2.0%
Depreciation	43.18	37.38	+15.5%	41.23	+4.7%
Tax expense	76.84	47.38	+62.2%	75.38	+1.9%
Net profit margin	4.16%	2.75%	+1.41 pp	3.79%	+0.37 pp
Tax as share of profit before tax	24.9%	25.3%	-0.49 pp	24.7%	+0.14 pp
EPS, basic (₹)	17.34	10.43	+66.3%	17.15	+1.1%

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

In a filing on 27 Oct 2026, Radico Khaitan reported consolidated net profit of ₹232.35 crore for the quarter ended 30 Sep 2026. Total income rose 10.4% to ₹5,587.76 crore, and net profit rose faster, 67.2% year on year.

Finance costs and depreciation moved in opposite directions. Finance costs fell 29.9% to ₹11.42 crore, while depreciation rose 15.5% to ₹43.18 crore, both against the same quarter a year earlier. Profit before tax was ₹309.19 crore.

Other income was ₹5.05 crore, up 113.1% from ₹2.37 crore, and was 0.1% of total income. The consolidated statement shows a share in profit of joint ventures of ₹1.47 crore for the quarter and ₹8.64 crore for the six months. The auditors' review note gives a net loss after tax for two joint ventures of ₹93.98 lakh for the quarter, based on unreviewed results, and says it is not material to the group.

Basic EPS was ₹17.34 against ₹10.43 a year earlier and ₹17.15 in the previous quarter. The auditors say nothing has come to their attention to suggest a material misstatement in the statement.

Standalone ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	5,587.76	5,059.09	+10.4%	5,873.06	-4.9%
Revenue from operations	5,582.71	5,056.72	+10.4%	5,867.69	-4.9%
Other income	5.05	2.37	+113.1%	5.37	-6.0%
	230.87	138.96	+66.1%	226.01	+2.2%
Finance costs	11.42	16.28	-29.9%	11.65	-2.0%
Depreciation	43.18	37.38	+15.5%	41.23	+4.7%
Tax expense	76.84	47.38	+62.2%	75.38	+1.9%
Net profit margin	4.13%	2.75%	+1.38 pp	3.85%	+0.28 pp
Tax as share of profit before tax	25.0%	25.4%	-0.46 pp	25.0%	-0.04 pp
EPS, basic (₹)	17.23	10.38	+66.0%	16.88	+2.1%

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Standalone net profit was ₹230.87 crore for the quarter ended 30 Sep 2026, against ₹138.96 crore a year earlier, up 66.1%. Total income rose 10.4% to ₹5,587.76 crore, so net profit grew faster than income.

Standalone revenue from operations rose 10.4% to ₹5,582.71 crore, while other income rose 113.1%, from ₹2.37 crore to ₹5.05 crore; other income was 0.1% of total income.

Finance costs fell 29.9% to ₹11.42 crore and depreciation rose 15.5% to ₹43.18 crore. Profit before tax was ₹307.71 crore, and the net profit margin was 4.13%, up 1.38 percentage points from 2.75% a year earlier.

Basic EPS was ₹17.23 against ₹10.38 a year earlier and ₹16.88 in the previous quarter.

Inference

The filing shows employee stock option activity: 57,715 and 91,132 equity shares of ₹2 face value were allotted on exercise under the ESOP Scheme 2006 in the quarter and period ended 30 Sep 2026, and 60,000 options were granted at an exercise price of ₹2,838.07 a share.

The cash flow statements show ₹120.58 crore of dividend paid, including dividend distribution tax, in the six months to 30 Sep 2026, and repayment of long-term borrowings in the same period; standalone current borrowings were ₹247.07 crore at 30 Sep 2026.

What the filing leaves open is the reason for the higher trade receivables at 30 Sep 2026 and the record date for the dividend.

Reference: Original filing (PDF)

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