Radico Khaitan is one of the oldest and largest manufacturers of Indian Made Foreign Liquor (IMFL) with net revenue of INR48b and volume of 31m cases in FY25 (P&A was ~15mn cases). The company, formerly known as Rampur Distillery Company, commenced operations in 1943 as a major bulk spirits supplier. Radico is known for its brands: 8PM, Magic Moments, Royal Ranthambore, Rampur Single Malt, After Dark, Morpheus, Contessa and Jaisalmer
We continue to maintain Radico as a high-conviction BUY with a target price of INR 2,600 (52x FY27 EPS). We expect the company to deliver revenue/EBITDA/PAT CAGRs of 15%/26%/34%, respectively, over FY24-27, driven by the following factors
DAM Capital has recommended 14 stocks which are likely to double in the next three years. The stocks are well known & have a huge margin of safety. They have more than 27% earnings CAGR for the next three years. Their PE will not derate or rerate too much
In an interview with CNBC TV18, Madhu Kela pointed out that India is the world’s third-largest alco-bev market by volume, trailing only China and the United States. He explained that the market is projected to grow from ₹1,70,000 crore in FY15 to ₹5,00,000 crore by FY28. However, per capita consumption, particularly of beer, remains significantly lower than global standards, suggesting vast room for expansion
Edelweiss’ technical stock recommen dations have heavily outperformed in 2017-18 with 41% Alpha. Their stock picks for 2018-19 are expected to deliver 53% gain
Dolly Khanna has gone on a buying spree to take advantage of the savage correction in stock prices. She has bought stocks which appear to have multibagger potential
Dolly Khanna has homed in on a new sector which is at inflection point because it is transitioning from a commoditized business to a branded one. It is inevitable that multibagger gains will gush out of the sector. Dolly has picked the best stocks from the sector
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