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Radico Khaitan's Q1 net profit up 36%
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SME Times News Bureau | 29 Jul, 2021
Spirits maker Radico Khaitan has reported a 35.7 per cent rise in its
standalone net profit for the April-June quarter at Rs 59.82 crore.
During the same period of FY21, the company has reported a net profit of Rs 44.07 crore.
Lalit
Khaitan, Chairman and Managing Director said: "After closing FY2021 on a
positive note, it is heartening to report a robust performance in Q1
FY2022. The disruptive second wave of the pandemic impacted businesses
from the second half of April."
"However, we noted rebound in
volumes by the second fortnight of June 2021. Teams across different
divisions came together with resilience and strength to ensure seamless
operations and continued dispatches. This has enabled us to outperform
the industry yet another quarter," he said.
Abhishek Khaitan,
Managing Director said noted that despite state-level lockdowns and
supply chain challenges posed by Covid-19 in Q1 FY2022, the company
delivered a strong all-round performance.
"As restrictions are
lifted and normalcy resumes, month-on-month volumes indicate a positive
trend and we are confident of an improved industry performance, led by
Prestige & Above segment, in the coming quarters. I am pleased to
report that after a solid performance last year, Radico Khaitan became
the largest IMFL exporter out of India during Q1 FY2022," he added.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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₹95.3
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₹93.6 |
UK Pound
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₹127.7
|
₹123.7 |
Euro
|
₹110.65
|
₹106.9 |
| Japanese
Yen |
₹59.75 |
₹57.9 |
| As on 24 Jun, 2026 |
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