Radico Khaitan Ltd.

Is Radico Khaitan publicly traded?
Yes, Radico Khaitan Ltd. is publicly traded on the National Stock Exchange of India (NSE) under ticker RADICO and on the Bombay Stock Exchange (BSE) under ticker 532497. The company's shares are held by institutional investors, mutual funds, and individual shareholders. The Khaitan family holds a significant stake and maintains management control.

When was Radico Khaitan founded?
Radico Khaitan was founded in 1943 as a spirits and alcoholic beverages company in India. The company began as a producer of extra neutral alcohol (ENA) and country liquor and transformed into a branded spirits company in the 1990s with the launch of 8PM whisky in 1998.

Where is Radico Khaitan headquartered?
Radico Khaitan is headquartered in New Delhi, India. The company operates eight owned distilleries across India, with locations in Uttar Pradesh, Haryana, Rajasthan, and other states. The company also has contract manufacturing arrangements with third-party bottlers across India.

What brands does Radico Khaitan own?
Radico Khaitan owns Indri (single malt whisky), Rampur (Indian single malt), 8PM (whisky), Magic Moments (vodka), Controy (rum), Old Tavern (brandy), Magnum (whisky), Platinum (whisky), and Bhanu (budget spirits), among other brands. The company's portfolio spans whisky, vodka, rum, gin, and brandy categories across premium, prestige, and regular price segments.

What is Radico Khaitan's flagship brand?
Indri is Radico Khaitan's flagship premium brand. Indri is a single malt whisky launched in 2020, produced at the company's distillery in Indri, Haryana. Indri has won multiple international whisky awards including Best in Show at the Whiskies of the World Awards. The success of Indri has established Radico Khaitan as a producer of internationally recognized premium single malt whisky and has been a key driver of the company's premiumization strategy.

What is Radico Khaitan's revenue?
Radico Khaitan reported net revenue of approximately INR 33.4 billion for fiscal year 2025, which ended on March 31, 2025. The branded liquor segment contributed the majority of revenue, driven by growth in the premium and prestige portfolios. The company's premiumization strategy has improved margins in recent years.

Who is the CEO of Radico Khaitan?
Abhishek Khaitan is the Chairman and Managing Director of Radico Khaitan Ltd. The Khaitan family holds a significant stake in the company and has maintained management control since the company's founding. Abhishek Khaitan has led the company's transformation from a commodity alcohol producer to a branded spirits company with a focus on premiumization.

Radico Khaitan was founded in 1943 as a spirits and alcoholic beverages company in India. The company began as a producer of extra neutral alcohol (ENA) and country liquor, supplying bulk alcohol to other spirits manufacturers. For several decades, Radico Khaitan operated primarily as a commodity alcohol producer rather than a branded spirits company.

In the 1990s, Radico Khaitan began a strategic shift from commodity alcohol production to branded spirits. The company launched 8PM whisky in 1998, which became one of India's highest-selling whisky brands by volume. The success of 8PM demonstrated Radico Khaitan's ability to build and market consumer brands, and the company expanded its branded portfolio in subsequent years.

Radico Khaitan went public on Indian stock exchanges, listing on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The initial public offering (IPO) raised capital for expansion and brand development. The company continued to expand its production capacity and brand portfolio through the 2000s.

In the 2000s and 2010s, Radico Khaitan expanded its brand portfolio across multiple spirits categories. The company launched Magic Moments vodka, which became one of India's leading vodka brands. The company also launched Controy rum, Old Tavern brandy, and other brands to serve different market segments and consumer preferences.

Radico Khaitan's entry into the premium spirits segment began with the launch of Rampur Indian single malt whisky, produced at the company's distillery in Rampur, Uttar Pradesh. Rampur was positioned as India's first premium single malt whisky and targeted the growing premium spirits market in India and international markets.

In 2020, Radico Khaitan launched Indri, a single malt whisky produced at its distillery in Indri, Haryana. Indri gained international recognition, winning multiple awards at global spirits competitions. Indri won Best in Show at the Whiskies of the World Awards, and was named Best World Whisky at various international competitions. The success of Indri established Radico Khaitan as a producer of internationally recognized premium single malt whisky and supported the company's premiumization strategy.

In 2023, Radico Khaitan announced a strategic partnership with Diageo India (United Spirits Limited) for contract manufacturing and brand distribution. The partnership allowed Radico Khaitan to utilize its manufacturing capacity more efficiently and expand the reach of its brands.

For fiscal year 2025 (ended March 31, 2025), Radico Khaitan reported net revenue of approximately INR 33.4 billion. The company's premium and prestige portfolio, led by Indri, Rampur, and Magic Moments, drove revenue growth. The company continued to expand its international presence, with exports to more than 85 countries.

Radico Khaitan publishes sustainability information on its website and in its annual report. The company's sustainability initiatives include programs to reduce water consumption in distillery operations, improve energy efficiency, and manage waste from alcohol production. Distillery operations are water-intensive, and the company has invested in water treatment and recycling systems.

The company has implemented responsible drinking initiatives and adheres to alcohol industry self-regulatory codes for marketing and advertising. Radico Khaitan is a member of industry associations including the Confederation of Indian Alcoholic Beverage Companies (CIABC), which promotes responsible alcohol policies and industry standards.

Radico Khaitan is not a Certified B Corporation. The company's sustainability disclosures are limited compared to larger consumer goods companies, reflecting the smaller scale of its operations and the regulatory environment for alcohol companies in India.

Radico Khaitan operates in India's alcohol industry, which is subject to extensive regulation at both the national and state levels. Each Indian state has its own alcohol excise policies, distribution systems, and pricing regulations. The company must navigate varying regulatory frameworks across states, which creates compliance complexity and affects margins.

The alcohol industry in India faces social and health concerns related to alcohol consumption. Public health advocates have called for stricter regulations on alcohol advertising, pricing, and availability. Some Indian states have implemented prohibition policies or restricted alcohol sales, which affects the company's operations in those states.

Radico Khaitan has faced regulatory scrutiny related to alcohol taxation and excise compliance. State excise departments regularly audit spirits companies for compliance with tax and excise regulations. The company has stated that it maintains compliance with all applicable regulations.

The company's contract manufacturing arrangements, including its partnership with Diageo India, have been reviewed by competition authorities to ensure compliance with antitrust regulations. The Competition Commission of India (CCI) has reviewed spirits industry arrangements for potential anti-competitive practices.