Radico Khaitan rallies 16% in 3 days, hits fresh 52-week high

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

Shares of Radico Khaitan hit a fresh 52-week high of Rs 445 after rising 7 per cent on the BSE on Tuesday amid expectation of improvement in operational performance. The breweries & distilleries maker's stock was trading higher for the third straight day and has rallied 16 per cent during this period. It hit a lifetime high of Rs 500 on September 3, 2018.

During the April-June quarter (Q1FY21), the company’s Ebitda (earnings before interest, taxes, depreciation, and amortization) margin expanded by 233 basis points from 16.1 per cent to 18.4 per cent due to gross margin improvement.