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Radico Khaitan inches up on reporting 16% rise in Q1 net profit

Radico Khaitan is currently trading at Rs. 318.60, up by 1.05 points or 0.33% from its previous closing of Rs. 317.55 on the BSE.

The scrip opened at Rs. 324.80 and has touched a high and low of Rs. 324.80 and Rs. 314.70 respectively. So far 36837 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 500.00 on 03-Sep-2018 and a 52 week low of Rs. 260.05 on 20-Jun-2019.

Last one week high and low of the scrip stood at Rs. 324.80 and Rs. 288.45 respectively. The current market cap of the company is Rs. 4307.12 crore.

The promoters holding in the company stood at 40.35%, while Institutions and Non-Institutions held 27.69% and 31.95% respectively.

Radico Khaitan has reported results for first quarter ended June 30, 2019.

The company has reported 15.62% rise in its net profit at Rs 54.77 crore for the quarter under review as compared to Rs 47.37 crore for the same quarter in the previous year. Total income of the company increased by 26.55% at Rs 2,680.40 crore for Q1FY20 as compared Rs 2,118.01 crore for the corresponding quarter previous year.

Radico Khaitan is one of the India’s oldest and largest liquor manufacturers.

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