Radico Khaitan : Q1 FY2024 Earnings Presentation

RKL/SX/2023-24/47

August 03, 2023

BSE Ltd.	National Stock Exchange of India Ltd.
Phiroze Jeejeebhoy Towers	Exchange Plaza, 5th Floor
Dalal Street	Plot no. C/1, G Block
Mumbai - 400 001	Bandra-Kurla Complex, Bandra (E)
	Mumbai - 400 051
Scrip Code: 532497	Symbol: RADICO

Sub: Investor's presentation on Unaudited Financial Results for the quarter ended June 30, 2023

Dear Sir / Madam,

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulation 2015, we enclose herewith a copy of Investor's presentation on Unaudited Financial Results for the quarter ended June 30, 2023 for your reference and records.

Thanking you,

Yours faithfully,

For Radico Khaitan Limited

(Dinesh Kumar Gupta)

Vice President - Legal &

Company Secretary

Email Id: [e-mail]

Encl.: As above

RADICO KHAITAN LIMITED

Plot No. J-l, Block B-1, Mohan Co-op. Industrial area

Mathura Road, New Delhi-110044

Ph: (91-11) 4097 5444/555 Fax: [phone]

Registered Office: Rampur Distillery, Bareilly Road, Rampur-4490l (UP.)

Phones: 0595-2350601/2, 2351703 Fax: [phone]

E-mail: [e-mail], website: www.radicokhaitan.com

CIN No-L26941UP1983PLC027278

Radico Khaitan Ltd.

(BSE: 532497; NSE: RADICO)

Q1 FY2024 Earnings

Presentation

Q1 FY2024 Performance Highlights

Sustained strong operating performance led by Prestige & Above category portfolio

Q1 FY2024 vs. Q1 FY2023

1. Total IMFL volume* of 7.36 Million Cases (+7.9%)

1. Prestige & Above brands volume of 2.39 Million Cases (+27.2%) o Prestige & Above brands net sales of `419.5 Cr (+40.3%)

1. Prestige & Above brands contribution to the IMFL volumes of 36.5% (vs. 29.6%)

1. Prestige & Above brands contribution to the Total IMFL sales value of 59.5% (vs. 50.0%)

1. Revenue from Operations (Net) of `953.9 Cr (+25.9%) o Gross Profit of `415.9 Cr (+26.1%)
   o EBITDA of `118.9 Cr (+29.1%) at 12.5% margin
   o Total comprehensive income of `62.8 Cr (+8.4%)

* Including brands on Royalty

Earnings Presentation | Q1 FY2024

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Management Perspectives

Commenting on the results and performance, Dr. Lalit Khaitan, Chairman & Managing Director said:

"FY2024 started on a strong note, in line with our expectations, as we delivered strong operational and financial performance. This year can be characterized as a year of transformation for Radico Khaitan as we continue to focus on our luxury and premium portfolio. Although, we have faced raw material pressure in the short term but the mid to long-term growth and margin trajectory remains intact. Going forward, we will continue to invest in strengthening our brand portfolio and deliver value to our discerning consumers. Radico Khaitan is very well placed to benefit from the strong premiumization trend of the Indian spirits industry. Our Sitapur greenfield distillery project is progressing well and is in the last stage of implementation. We expect to start commercial production during Q2 FY2024. "

Commenting on the results and performance, Abhishek Khaitan, Managing Director said:

"I am pleased to report that we have delivered another quarter of a strong double-digit Prestige & Above volumes growth which has exceeded our earlier guided growth rate of 15-18%. Overall, we have recorded significant improvement in sequential margins, which have been sustained on year‐on‐year basis. This was aided by strong efforts on driving premium value growth, price increase received over the last four quarters supported by easing inflation in certain raw materials. In line with our strategy of expanding the premium portfolio, we have recently launched a new super-premium gin called 'Happiness in a Bottle'. This brand will also go on to create an unique position for itself and become a category creator as many of our previous launches. We continue to monitor the business environment cautiously and remain committed to driving growth and profitability while navigating market challenges and capitalizing on the industry opportunities for the remainder of the financial year."

Earnings Presentation | Q1 FY2024

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