Radico Khaitan

Shares of IDFC, MGL, Radico Khaitan, KEI Industries and Carborundum Universal may rise up to 26 per cent, indicate technical charts

A new all-time high on Nifty FMCG index may trigger up to 25 per cent upside in selective stocks

Entire issue will be OFS of nearly 27 million shares belonging to promoters and PE investors

In its warning, the MCA had said that "during recent sports events that were televised globally", many instances of surrogate advertising had been noticed

After an exciting 2021, shares of major alcohol manufacturers have been under pressure so far this year. Here's what charts suggest is in store for them

Raw material pressures, lack of pricing power key worries for Street despite spirited volume gains

Raw material pressures and lack of pricing power key reasons for this view

Analysts believe the worst may be over for the sector, with out-of-home (OOH) consumption picking up, and reduction in taxes by some state governments

The company had posted a consolidated net profit of Rs 73.53 crore in the January-March quarter a year ago, Radico Khaitan said in a BSE filing

Liquor maker Radico Khaitan Ltd has reported a decline of 5.88 per cent in its consolidated net profit at Rs 79.13 crore for the third quarter ended December 2021. The company had posted a consolidated net profit of Rs 84.08 crore in the October-December quarter a year ago, Radico Khaitan said in a BSE filing on Thursday. However, its revenue from operations was up 8.84 per cent to Rs 3,306.67 crore during the quarter under review as against Rs 3,037.90 crore in the corresponding period a year ago. Radico Khaitan's total expenses were at Rs 3,207.73 crore, up 9.39 per cent in Q3/FY 2021-22, as against Rs 2,932.29 crore. Its sales volume of total Indian-Made Foreign Liquor (IMFL) was up 7.4 per cent during the quarter to 6.98 million cases. Meanwhile, in a separate filing, Radico Khaitan informed that its board in a meeting held on Thursday approved establishment of a new greenfield grain-based distillery in Sitapur, Uttar Pradesh, with a production capacity of up to 330 KL per day

During Q2FY22, Radico Khaitan delivered a robust volume growth led by Prestige & Above category brands.

The company has launched Magic Moments Dazzle Vodka and Royal Ranthambore Heritage Collection Royal Crafted Whisky (blended malt scotch) in the brown and white spirit categories.

Prices of Extra Neutral Alcohol (ENA) may face some headwinds as the government pushes towards its target of blending of 10 per cent fuel-grade ethanol with petrol by 2022, said Radico Khaitan

In the past two days, Franklin Strategic Emerging Markets Fund IV sold 799,000 shares, representing a 2.7 per cent stake, of Globus Spirits through a bulk deal on the National Stock Exchange

We're seeing consistent buying interest in the pharma pack and Lupin is also catching up with the other pharma majors

The stock of Radico Khaitan has found the support of its rising trend line and has also formed a reversal candle on the daily chart

The management remains confident of outperforming the industry and strengthen market share in the years to come

Banknifty has also started joining the market rally

Its total revenue from operations declined 33.70% to Rs 1,774.65 crore during the quarter under review as against Rs 2,677.07 crore in the corresponding quarter last year

United Breweries, Radico Khaitan, United Spirits, GM Breweries, Associated Alcohols & Breweries and Globus Spirits declined between 3 per cent and 7 per cent on the BSE