Radico Khaitan extends rally on strong Q2 results; soars 28% in 4 weeks

The stock rallied 6.5% to Rs 436 on the BSE on the back of heavy volumes.

Shares of Radico Khaitan rallied 6.5 per cent to Rs 436 on Tuesday, extending their past four weeks gain on the BSE, after the company reported a strong 73 per cent year-on-year (Y-o-Y) jump in net profit at Rs 495 million in September quarter (Q2FY19). The liquor firm had reported a profit of Rs 286 million in the year-ago quarter.

Operational revenue grew 28 per cent to Rs 19.06 billion on Y-o-Y basis. EBITDA margin expanded 300 basis points (bps) Y-o-Y to 17.71 per cent in Q2FY19 from 14.65 per cent in Q2FY18.

The growth during the quarter was