Radico Khaitan Ltd
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BSE Code:
532497
NSE Code:
RADICO
Business Profile
Business Profile
Radico Khaitan (RKL) incorporated in 1943 as Rampur Distillery & Chemical Company of Uttar Pradesh, was acquired by the Lalit Khaitan Group in 1977. The company manufactures denatured spirit and other products from distillation of molasses. RKL has brands in almost every market segment of whisky, rum, brandy, vodka and gin.
RKL`s distillery has an installed capacity of 33.5 million litres pa. Currently, 8 PM premium whisky, is the largest selling brand of RKL, contributing around 25% to the gross turnover of the company.
RKL has set up a backward integration PET bottle manufacturing plant in Uttranchal, to produce 25 million PET bottles, cater to its captive consumption of approximately 15 million bottles per year.
Financials
The company swung to a loss for the quarter ended in December 2008. During the quarter, the company reported loss of Rs 68.04 million compared with a profit of Rs 115.83 million in the same quarter last year. Net sales for the quarter declined 23.82% to Rs 1,691.81 million, while total income for the quarter dipped 25.76% to Rs 1,723 million, when compared with the prior year period. It reported loss of Rs 0.66 a share during the quarter compared with earnings of Rs 1.08 a share in previous year period.
Recent Developments
28-JAN-09
The company has announced that it has repurchased foreign currency convertible bonds (FCCBs), each of USD 10,000, aggregating of USD 10 millions face value, at a discount.