Radico Khaitan Overview
Pro stress-test →Radico Khaitan is one of the most recognised IMFL (Indian Made Foreign Liquor) brands in India, incorporated in 1943. The company is one of the oldest and largest manufacturers of Indian Made Foreign Liquor (IMFL), a leading supplier of branded IMFL to the Canteen Stores Department (CSD) in India, and the country's oldest and largest malt distiller. It is also one of the largest exporters of Alcoholic beverages from India to 102+ countries.
Strategic Profile
Pro stress-test →Eight of its brands have achieved annual sales of over a million cases, making them widely consumed spirits. In Q1 FY2026, the company showcased remarkable financial performance, driven by record volumes and profitability, particularly in the premium and luxury segments; the anticipated UK-India Free Trade Agreement is poised to enhance growth prospects by reducing duties on bulk scotch, while the vodka market remains a stronghold, with the company commanding a 60% share.
Competitive Landscape
Pro stress-test →Radico is the fourth largest Indian liquor company. The company competes with other major Indian IMFL manufacturers including Diageo India (Johnnie Walker, Smirnoff), Pernod Ricard India, and other regional players. Radico differentiates through organic brand development, premium positioning, and vertical integration of distillation and bottling operations.
Industry Context
Radico Khaitan operates in Indian Made Foreign Liquor (IMFL) / Spirits Manufacturing.
Key facts
Founded: 1943 · Headquarters: Rampur, India · Revenue: ₹1,547 Cr (Q3 FY26) · Market cap: ₹35,475 Crore