Interim report
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RADICO KHAITAN LIMITED Corporate Office: Plot No. J-l, Block B-1, Mohan Co-op. Industrial area Mathura Road, New Delhi-110044 Ph: (91-11) 4097 5444/555 Registered Office: Rampur Distillery, Bareilly Road, Rampur-244901 (UP.) Phones: 0595-2350601/2, 0595-2350009 E-mail: info@radico.co.in, website: www.radicokhaitan.com CIN No.: L26941UP1983PLC027278 RKL/SX/2026-27/73 October 27, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 Scrip Code: 532497 National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai- 400051 Symbol: RADICO Subject : Outcome of Board Meeting held on October 27, 2026. Ref. : Regulation 33 read with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”). Dear Sir/Madam, In continuation of our earlier letter no. RKL/SX/2026 -27/68 dated October 6, 2026, we wish to inform you that the Board of Directors of Radico Khaitan Limited (“Company”) at its meeting held today i.e. October 27, 2026, inter alia, considered and approved, the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026 (“Financial Results”) upon the recommendation of the Audit Committee at its meeting held earlier today. Further, the Statutory Auditors of the Company, M/s. Walker Chandiok & Co LLP, have carried out a limited review of the Financial Results and issued their respective Limited Review Reports, which have also been taken on record by the Board of Directors. The Financial Results, together with the respective Limited Review Reports, are enclosed herewith as Annexure-A. The Meeting of the Board of Directors commenced at 1:00 P.M. and concluded at 1:55 P.M. This intimation is also being disseminated on Company's website at http://www.radicokhaitan.com/investor-relations This is for your information and records. Thanking You, For Radico Khaitan Limited Dinesh Kumar Gupta Executive Vice President- Legal & Company Secretary Encl.: as above Email id: investor@radico.co.in
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Walker Chandiok &Co LLP Walker Chandiok & Co LLP L-41, Connaught Circus. Outer Circle, New Delhi- 110001 India T+91 1145002219 F +91114278 7071 Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of Radico Khaitan Limited pursuant to the Regulation 33 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Radico Khaitan Limited 1. We have reviewed the accompanying statement of standalone unaudited financial results ('the Statement') of Radico Khaitan Limited ('the Company') for the quarter ended 30 September 2026 and the year to date results for the period 1 April 2026 to 30 September 2026, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). 2. The Statement, which is the responsibility of the Company's management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('md AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Chartered Accountants Offices in Bengaluru, Chandigarh. Chennai, Gurugram, Hyderabad, Kochi. Kolkata, Mumbai, New Delhi. Noida and Pune Walker Chandiok & Co LU' is registered with limited liability with identification number AAC-2085 and has its registered office at L- 41, Connaught Circus, Outer Circle, New Delhi, 110001. India Annexure-A
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Walker Chandiok &Co LLP 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in lnd AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. alker hand iok & Co LLP artere' A ountants Firm Reg tration No: 001076N1N500013 For Membership No.: 503498 UDIN: 2 O349L)HZVt42H 10 Place: New Delhi Date: 27 October 2026 chartered Accountants
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RADICO KHAITAN LIMITED Registered Office: Bareilly Road, Rampur -244901 (UP.) Tel. No.0595-2350601102,2351703, Fax No.0595-2350009 Email Id:info@radico.co.in Website: www.radicokhaitan.com CIN: L26941 UP1983PLCO27278 Statement of Unaudited Standalone Financial Results for the quarter and six month ended September 30, 2026 (Rs in Lakhs, except EPS) SI. No. Particulars (1) (2) (3) (4) (5) (6) Quarter ended 30.09.2026 Quarter ended 30.06.2026 Quarter ended 30.09.2025 Six month ended 30.09.2026 Six month ended 30.09.2025 Year ended 31.03.2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) I Income (a) Revenue from operations 5.58.271.46 5,86,865.63 5.05,671.99 11,45,137,09 10,37,023.96 20,97,638.56 (b)Otherincome 504.95 537.01 236,84 1,041.96 702.14 1,544.45 Total income 5,58,776.41 5,87,402.64 5,05,908.83 11,46,179.05 10,37,726.10 20,99,183.01 2 Expenses (a) Costof material consumed 92,710.27 85.455,73 84,979 77 1.78.166.00 1,67.854.51 3,34.265.89 (b) Purchase of stock-in-trade 1,147.83 1565.60 132.60 2,713.43 267.40 681 70 (c) Changes in inventories oftinished goods, work-in-progress and stock-in-trade (net of excise duty) (3,188.60) (1.330.42) (918 01) (4,519.02) 1,907.15 (3,993 90) (d) Excise duty 3,83,761.09 4.18,400.25 3,56,279.28 8,02,161.34 7,37,027.19 14,92,595.97 (e)Employee benefits expense 6,624.71 6,842.35 5.869,67 13,467.06 11,400 49 24,400.62 (f) Financecosts 1,141.69 1,165.25 1,628.18 2,306.94 3,221.53 6,403.45 (g) Depreciation and amortisatiori expenses 4,317.52 4,123.47 3,738.17 8,440.99 7,364.10 15.302,33 (h) Selling & distribution expenses 18,42981 18,006.70 15,425.89 36,436.51 30,111.67 64,15685 (i) Other expenses 23,060.78 23,034.42 20,139.51 46.095,20 41,476.50 83,38495 Total expenses 5,28,005.10 5,57,263.35 4,87,275.06 10,85,268.45 10,00,630.54 20,17,197.86 3 Profit before exceptional items & tax 30,771.31 30,139.29 18,633.77 60,910.60 37,095.56 81,985.15 4 Exceptional items - - - - 699.36 1,655.26 5 Profit before tax 30,771.31 30,139.29 18,633.77 60,910.60 36,396.20 80,329.89 6 Tax expense Current tax 7,453.95 7,81 5.91 4,379.83 15,269.86 8,604.36 18,596.50 Deferred tax charge/(credit) 230.04 (277.56) 358.23 (47.52) 562.26 1,479,03 7 Net profit for the period/year 23,087.32 22,600.94 13,895.71 45,688.26 27,229.58 60,254.36 8 Other comprehensive (expenses)/ income (net of tax) (i) Items that will not be reclassified to profit or loss Re-measurement of defined benefit plan (80 00) (80 00) (150.00) (16000) (300.00) (301.48) (n) Income tax relating to items that will not be reclassified to orofit or loss 20.14 20.13 37.75 40.27 75.50 75.88 9 Total comprehensive income 23,027.46 22,541.07 13,783.46 45,568.53 27,005.08 60,028.76 10 Paid up equity share capital (Face value of Rs. 2/- each) 2,679.69 2,678.63 2,677.55 2,679.69 2,677.55 2,677.96 11 Otherequity 3,22,342.90 12 Earning per share (Face value of Rs 2/- each) not annualized Basic 17.23 16.88 10.38 34.12 20.34 45.01 Diluted 1722 16.87 10.37 3410 20.32 44.98
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Radico Khaitan Limited Unaudited Standalone Statement of Assets and Uabilities as at September 30, 2026 Rs. In Lakhs, unless otherwise stated Particulars Asat September 30, 2026 (Unaudited) Asat March 31, 2026 (Audited> ASSETS Non-current assets Property, plant and equipment 1,85,266.77 1,85,716.27 Capital work-in-progress 17,424,73 7,492.91 Intangible assets 739.51 763.76 Intangible assets under development 130.18 130.18 Financial assets Investments 17,425.68 17,425.68 Other financial assets 8,158.54 7,784.15 Non current tax assets (net) 23.63 23.63 Other non-current assets 9,923.00 11,981.71 Total non-current assets 2,39,092.04 2,31,318.29 Current assets Inventories 1,26,059.72 1,16,559.23 Financial assets Trade receivables 1,51,687.82 1,18,955.14 Cash and cash equivalents 5,327.68 6,966.88 Bank balances other than above 1,838.77 1,807.26 Loans 76.34 1,126.34 Other financial assets 2,579.02 2,361.76 Other current assets 15,838.37 11,501.55 Total current assets 3,03,407.72 2,59,278.16 Total assets 5,42,499.76 4,90,596.45 EQUITY AND LIABILITIES Equity Equity share capital 2,679.69 2,677.96 Other equity 3,57,247.16 3,22,342.90 Total equity 3,59,926.85 3,25,020.86 Non-current liabilities Financial liabilities Borrowings - 1,857.14 Lease liabilities 10,269.40 12,401.23 Other financial liabilities 16.53 - Deferred tax liabilities (net) 11,165.93 11,253.72 Other non - current liabilities 4,880.73 5,075.96 Total non-current liabilities 26,332.59 30,588.05 Current liabilities Financial liabilities Borrowings 24,706.62 31,325.05 Lease liabilities 4,452.18 4,261.43 Acceptances 25,810.34 30,036.78 Trade payables Total outstanding dues of micro enterprises and small enterprises 5,433.46 4,213.72 Total outstanding dues of creditors other than micro enterprises and small enterprises 39,068.58 28,356.00 Other financial liabilities 26,934.53 19,290.04 Other current liabilities 22,211.44 12,697.37 Provisions 3,447.07 2,913.50 Current tax liabilities (net) 4,176.10 1,893.65 Total current liabilities 1,56,240.32 1,34,987.54 Total liabilities 1,82,572.91 1,65,575.59 Total equity and liabilities 5,42,499.76 4,90,596.45
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Radico Khaitan Limited Unaudited Standalone Statement of Cash Flows for the six month period ended September 30, 2026 (Rs. In Lakhs, unless otherwise stated) Particulars For the six months ended September 30, 2026 (Unaudited) For the six months ended September 30, 2025 (Unaudited) A. Cash flow from operating activities Profit for the period before tax 60,910.60 36,396.20 Adjustments for Depreciation and amortisation expenaes 8,440.99 7,364.10 Profit on sale of current ivestment(net) (80.97) (8.08) Profit on sale of assets (net) (12.55) (121.57) Finance costs 2,306.94 3221.53 Interestincome (365.00) (175.73) Amortisation of government grant (195.23) - Unrealized foreign exchange gain (net) (281.27) (459.95) Liabilities no longer required written back 0.68 (8.79) Provision for expected credit loss and bad debt 1,201.32 1,395.11 Provision for non-moving/ obsolete inventory 490.12 (64.12) Share based payment expenses 300.00 283.00 Dividend income on investments (359.99) (359.99) Cash flow from operating activities before working capital changes 72,355.64 47,461.71 Change in working capital Inventories (9,990.60) (822.65) Trade receivables (33,652.72) (11,705.94) Other financial assets 508.14 3,435.88 Other non financial assets (4,201.02) (2,719.70) Acceptances (4,226.44) (6,915.55) Other financial liabilities 8,204.93 3,059.29 Provisions 373.57 (230.83) Trade payables 11,931.64 4,458.58 Other liabilities 9,514.08 9,478.02 Cash generated from operating activities before taxes 50,817.22 45,498.81 Net income tax paid (net of refund) (12.987.41) (7,074.76) Net cash flow from operating activities (A) 37,829.81 38,424.05 B. Cash flow from investing activities Acquisition of property, plant & equipment, capital work in progress, intangible assets and intangible under development (16,390.58) (11,672.25) Proceeds from sale of property, plant & equipment 111.74 266.74 Advance given for non current investment - (3,371.20) Redemption of current investment 33,179.32 12,407.46 Purchase of current investment (33,098.35) (12,399.38) Interest received 334.36 163.52 Dividend received 359.99 359.99 Movement in bank deposits (net) (7.56) (1.04) Net cash used in Investing activities (B) (15,511.08) (14,246.16) C. Cash flow from financing activities Proceeds from Issue of equity shares (including securities premium) 1,095.89 687.75 Interest portion of lease Payment (556.74) (205.40) Principal Lease payments (2,124.47) (2,035.33) Repayment of long term borrowings (including current maturities of long term borrowing) (1,857.14) (9,285.72) Repayment of short term borrowings (net) (6,618.43) (5,749.85) Dividend paid (including dividend distribution tax) (12,058.42) (5,354.70) Interest paid (1,838.62) (2,772.01) Net cash used in financing activities (C) (23,957.93) (24,715.26) Cash and cash equivalents (A+B+C) (1,639.20) (537.37) Cash and cash equivalents at the beginning of the period 6,966.88 3,960.71 Cash and cash equivalents at the end of the period 5,327.68 3,423.34
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For Radico Khaitan Limited Dr. Lalit Khaitan rman & Managing Director DIN: 00238222 Radico Khaitan Limited CIN: L26941UP1983PLCO27278 Registered Office: Bareilly Road, Rampur - 244 901 (U.P.) Email Id: info@radico.co.in , website: www.radicokhaitan.com SPIRIT OF EXCELLENCE Notes: 1. The unaudited Standalone financial results of Radico Khaitan Limited (the 'Company') for the quarter and six month ended September 30, 2026 (the 'Statement'), have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on October 27, 2026. The statutory auditors have expressed an unmodified conclusion on these Statement. 2. These Statement have been prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards specified under Section 133 of the Companies Act 2013 (the 'Act') read with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and other accounting principles generally accepted in India and is in compliance with presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (as amended). 3. As the Company's business activity falls within a single primary business segment, namely Alcohol and Alcoholic Beverages, the disclosure requirements as per nd-AS 108 "operating segments" are not applicable. 4. The Company has allotted 57,715 equity shares and 91,132 equity shares of face value of 2.00 each during the quarter and period ended September 30, 2026, on exercise of Employee Stock Option by the eligible employees, as per the ESOP Scheme 2006. 5. The Company has granted 60,000 Stock Options to eligible employees under the ESOP Scheme 2006 during the period ended September 30, 2026. Each option entitles the holder to receive on equity share of the Company with a face value of 2.00 at an exercise price of 2,838.07 per share. 6. Figures of previous period/year have been regrouped/rearranged wherever necessary. The impact of the same is not material to the user of the Statement. Place: New Delhi Date: October 27, 2026
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Walker Chandiok &Co LLP Walker Chandiok & Co LLP L-41. Connaught Circus. Outer Circie. New Delhi- 110001 India T+91 1145002219 F +91114278 7071 Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of Radico Khaitan Limited pursuant to the Regulation 33 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Radico Khaitan Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results ('the Statement') of Radico Khaitan Limited ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group'), and its joint ventures (refer Annexure 1 for the list of subsidiaries and joint ventures included in the Statement) for the quarter ended 30 September 2026 and the consolidated year to date results for the period 1 April 2026 to 30 September 2026, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). 2. This Statement, which is the responsibility of the Holding Company's management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('md AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable. Chartered Accountants Offices in Bengaluru, Chandigarh, Chennal, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at L- 41. Connaught Circus, Outer Circle, New Delhi. 110001, India
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Walker Chandiok &Co LLP 4. Based on our review conducted and procedures performed as stated in paragraph 3 above and upon consideration of the review reports of other auditors referred to in paragraph 5 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. We did not review the interim financial results of eight subsidiaries included in the Statement, whose financial information reflects total assets of 7,241.82 Lacs as at 30 September 2026, and total revenues of 2.79 Lacs and 5.56 Lacs, total net profit after tax of 0.60 Lacs and 2.91 Lacs, total comprehensive income of 0.60 Lacs and 2.91 Lacs, for the quarter and year-to-date period ended on 30 September 2026, respectively, and cash outflows of 1.63 Lacs for the period ended 30 September 2026, as considered in the Statement. These interim financial results have been reviewed by other auditors whose review reports have been furnished to us by the Holding Company's management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the review reports of such other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion is not modified in respect of this matter with respect to our reliance on the work done by and the reports of the other auditors. 6. The Statement also includes the Group's share of net loss after tax of 93.98 Lacs and 177.51 Lacs, and total comprehensive loss of 77.63 Lacs and 176.85 Lacs for the quarter and year- to-date period ended on 30 September2026 respectively, in respect of two joint ventures, based on their financial results, which have not been reviewed by their auditors, and have been furnished to us by the Holding Company's management. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these joint ventures, are based solely on such unreviewed interim financial results. According to the information and explanations given to us by the management, these interim financial results are not material to the Group. Our conclusion is not modified in respect of this matter with respect to our reliance on the financial results certified by the Board of Directors. F r Walke Chandiok & Co LLP countants ation No: 001076N/N500013 Membe ship No. 503498 UDIN: 2'5O3494kzLfrg2 Place: New Delhi Date: 27 October 2026 chartered Accountants
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Walker Chandiok &Co LLP Annexure I List of entities included in the Statement Sr. No. Name of entity Relation 1 Radico Spiritzs India Private Limited Whoily owned subsidiary 2 Accomreal Builders Private Limited Step down subsidiary 3 Compaqt Era Builders Private Limited Step down subsidiary 4 Destihomz Buildwell Private Limited Step down subsidiary 5 Equibuild Realtors Private Limited Step down subsidiary 6 Proprent Era Estates Private Limited Step down subsidiary 7 Binayah Builders Private Limited Step down subsidiary 8 Firstcode Reality Private Limited Step down subsidiary Sr. No. Name of entity Relation 1 Radico NV Distilleries Maharastra Limited Joint Venture 1 DYAVOL Spirits B.V. Joint Venture I DYAVOL Spirits Private Limited Joint Venture Chartered Accountants
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(01 RADICO KHAITAN LIMITED Registered Office: Bareilly Road, Rampur -244901 (UP.) Tel. No.0595-2350601102,2351703, Fax No.0595-2350009 Email td:info@radicO.cO.in Website: www.radicokhaitan.com CIN: 126941 UP1983PLCO27278 Statement of Unaudited Consolidated Financial Results for the quarter and six month ended September 30,2026 Rs in Lakhs, exceot EPS SI. No. Particulars (1) (2) (3) (4) (5) (6) Quarter ended 30.09.2026 Quarter ended 30.06.2026 Quarter ended 30.09.2025 Six month ended 30.09.2026 Six month ended 30.09.2025 Year ended 31 .03.2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) I Income (a)Revenuefromoperations 5,58,271.46 5,86,865.63 5,05,671.99 11,45,137.09 10,37,023.96 20,97,638.56 (b) Other Income 504.95 177.02 236.84 681.97 342.15 1,184.48 Total income 5,58,776.41 5,87,042.65 5,05,908.83 11,45,819.06 10,37,366.11 20,98,823.04 2 Expenses (a) Cost of material consumed 92,710.27 85,45573 84,979.77 1,78,166.00 1,67,854.51 3,34,265.89 (b)Purchaseofstock-in-trade 1147.83 1.56560 132.60 2,713.43 267.40 681.70 (C) Changes in inventones of fini:hed goods, work-in-progress (3,188.60) (1,330.42) (918.01) (4,519.02) 1,907.15 (3,993.90) (d)Exciseduty 3,83,761.09 4,18.400.25 3,56,279.28 8.02,161.34 7,37,027.19 14,92,595.97 (e) Employee benefits expense 6,624 71 6,842.35 5,869,67 13,467.06 11,400.49 24,400 62 (f) Finance costs 1,141.69 1,165.25 1,628.18 2,306.94 3,221.53 6,403.45 (g) Depreciation and amortisation expenses 4,317.52 4,123.47 3,738.17 8,440.99 7,364.10 15,302.33 (h) Selling & distribution expenses 18,429.81 18.006,70 15,425.89 36,436.51 30,111.67 64,156.85 (i)Otherexpenses 23,060.21 23,032.10 20,139.88 46,092.31 41,475.58 83,383.76 Total expenses 5,28,004.53 5,57,261.03 4,87,275.43 10,85,265.56 10,00,629.62 20,17,196.67 exceptuonat items, before tax of joint ventures and 30,771.88 29,781.62 18,633.40 60,553.50 36,736.49 81,626.37 4 Share in profit of joint ventures 14680 716.87 6065 86367 137.62 552.28 5 Exceptional items - . - - 699.36 1,655.26 6 Profit before tax 30,918.68 30,498.49 18,694.05 61,417.17 36,174.75 80,523.39 7 Tax expense Current tax 7.453,95 7,81 5.91 4,379,83 15,269.86 8,604.36 18,596.50 Deferred tax charge/(credit) 230.04 (277 56) 358.23 (47.52) 562.26 1,47903 8 Net profit for the periodiyear 23,234.69 22,960.14 13,955.99 46,194.83 27,008.13 60,447.86 9 Other comprehensive (expenses)! income (net of tax) (i) Items that will not be reclassified to profit or loss (net of tax) (a) Re-measurementof defined benefit plan (80.00) (80.00) (150.00) (160.00) (300.00) (301.48) (b) Share in other comprehensive income! (expenses) of Joint ventures 245 244 072 489 1.43 870 (C) Income tax related to items thatwill not be reclassify to profit and loss 20.14 20.13 3775 40.27 75.50 75.88 (ii) Items that will be reclassified to profit or loss (net of tax) (a) Exchange difference on translation offinancial statements of foreign operafion in joint venture 1635 (15.68) . 067 - 8043 10 Totalcomprehensive income 23,193.63 22,887.03 13,844.46 46,080.66 26,785.06 60,311.39 11 Paid up equity share capital (Face value of Rs. 2!- each) 2,679.69 2,678.63 2,677.55 2,679.69 2,677.55 2,677,96 12 Other equity 3,28,895.30 13 Earning per share (Face value of Rs.2/- each) not annualized Basic 17.34 17.15 10.43 34.49 20.18 45.16 Diluted 17.33 17.14 10.42 34.48 20.15 45.12
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Radico Khaitan Limited Unaudited Consolidated Statement of Assets and Liabilities as at September 30,2026 Rs. In Lakhs, unless otherwise stated Particulars Asat September 30, 2026 (Unaudited) Asat March 31, 2026 (Audited) ASSETS Non-current assets Property, plant and equipment 1,89,739.87 1,90,189.37 Capital work-in-progress 17,424.73 7,492.92 Intangible assets 739.51 763.76 Intangible assets under development 130.18 130.18 Investments accounted for using equity method 24,503.75 23,994.51 Financial assets Other financial assets 8,158.54 7,784.15 Non current tax assets (net) 23.63 23.63 Other non-current assets 5,373.74 7,431.78 Total non-current assets 2,46,093.95 2,37,810.30 Current assets Inventories 1,26,059.72 1,16,559.23 Financial assets Trade receivables 1,51,687.82 1,18,955.14 Cash and cash equivalents 5,384.99 7,025.82 Bank balances other than above 1,838.77 1,807.26 Loans 76.34 1,126.34 Other financial assets 2,579.02 2,361.76 Other current assets 15,846.52 11,507.53 Total current assets 3,03,473.18 2,59,343.08 Total assets 5,49,567.13 4,97,153.38 EQUITY AND LIABILITIES Equity Equity share capital 2,679.69 2,677.96 Other equity 3,64.311.67 3.28.895.30 Total equity 3,66,991.36 3,31,573.26 Non-current liabilities Financial liabilities Borrowings - 1,857.14 Lease liabilities 10,269.40 12,401.23 Other financial liabilities 16.53 - Deferred tax liabilities (net) 11,165.93 11,253.72 Other non - current liabilities 4,880.73 5,075.96 Total non-current liabilities 26,332.59 30,588.05 Current liabilities Financial liabilities Borrowings 24,706.62 31,325.05 Lease liabilities 4,452.18 4,261.43 Acceptances 25,810.34 30,036.78 Trade payables Total outstanding dues of micro enterprises and small enterprises 5,433.46 4,213.72 Total outstanding dues of creditors other than micro enterprises and small enterprises 39,068.58 28,356.00 Other financial liabilities 26,934.53 19,290.04 Other current liabilities 22,214.04 12,701.64 Provisions 3,447.07 2,913.76 Current tax liabilities (net) 4,176.36 1,893.65 Total current liabilities 1,56,243.18 1,34,992.07 Total liabilities 1,82,575.77 1,65,580.12 Total equity and liabilities 5,49,567.13 4,97,153.38
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Radico Khaitan Limited Unaudited Consolidated Statement of Cash Flows for the six month period ended September 30, 2026 (Rs. In Lakhs, unless otherwise stated Particulars For the six months ended September 30, 2026 (Unaudited) For the six months ended September 30, 2025 (Unaudited) A. Cash flow from operating activities Profit for the period before tax 61,417.18 36,174.75 Adjustments for Depreciation and amortisation expenses 8,440.99 7,364.10 Profit on sale of current investment (80.97) (8.08) Profit on sale ofassets(net) (12.55) (121.57) Finance costs 2,306.94 3,221.53 Interest income (365.00) (175.73) Amortisation of government grant (195.23) - Unrealized foreign exchange gain (net) (281.27) (459.95) Liabilities no longer required written back 0.68 (8.79) Share in profit from joint ventures (net) (863.67) (137.62) Provision for expected credit loss and bad debt 1,201.32 1,395.11 Provision for non-moving/ obsolete inventory 490.12 (64.12) Share based payment expenses 300.00 283.00 Cash flow from operating activities before working capital changes 72,358.54 47,462.63 Change in working capital Inventories (9,990.60) (822.65) Trade receivables (33,652.72) (11,705.94) Other financial assets including loan 508.14 3,435.88 Other non financial assets (4,203.86) (2,609.88) Acceptances (4,226.44) (6,915.55) Other financial liabilities 8,204.93 3,059.29 Provisions 373.56 (230.83) Trade payables 11,931.64 4,458.58 Otherliabilities 9,512.40 9,477.06 Cash generated from operating activities before taxes 50,815.59 45,608.59 Net income tax paid (net of refund) (12,987.41) (7,074.75) Net cash flow from operating activities (A) 37,828.18 38,533.84 B. Cash flow from investing activities Acquisition of property, plant & equipment, capital work in progress, intangible assets and intangible under development (16,390.58) (11,741.28) Proceeds from sale of property, plant & equipment 111.74 266.74 Redemption of current investment 33,1 79.32 12,407.46 Purchase of current investment (33,098.35) (12,399.38) Advance given for non current investment - (3,371.20) Interestreceived 334.36 163.52 Dividend received 359.99 359.99 Movement in bank deposits (net) (7.56) (1.04) Net cash used in Investing activities (B) (15,511.08) (14,315.19) C. Cash flow from financing activities Proceeds from Issue of equity shares (including securities premium) 1,095.89 687.75 Interest portion of lease Payment (556.74) (205.40) Principal Lease payments (2,124.47) (2,035.33) Repayment of long term borrowings (including Current maturities of long term borrowing) (1,857.14) (9,285.72) Repayment from short term borrowings (net) (6,618.43) (5,749.85) Dividend paid (including dividend distribution tax) (12,058.42) (5,354.70) lnterestpaid (1,838.62) (2.772.01) Net cash used in financing activities (C) (23,957.93) (24,715.26) Cash and cash equivalents (A+B+C) (1,640.83) (496.61) Cash and cash equivalents at the beginning of the period 7,025.82 4,016.93 Cash and cash equivalents at the end of the period 5,384.99 3,520.32
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aSrman & Managing Director DIN: 00238222 Dr. Lalit Khaitan Radico Khaitan Limited CIN: L26941 UP1983PLCO27278 Registered Office: Bareilly Road, Rampur - 244 901 (U.P.) Email Id: info@radico.co.in , website: www.radicokhaitan.com SPIRIT OF EXCELLENCE Notes: 1. The unaudited Consolidated financial results of Radico Khaitan Limited (the Holding Company'), its wholly owned subsidiary, its step-down subsidiaries and Joint Ventures (the "Group") for the quarter and six month ended September 30, 2026 (the Statement'), have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on October 27, 2026. The statutory auditors have expressed an unmodified conclusion on these Statement. 2. These Statement have been prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards specified under Section 133 of the Companies Act 2013 (the 'Act') read with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and other accounting principles generally accepted in India and is in compliance with presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (as amended). 3. As the Group's business activity falls within a single primary business segment, namely Alcohol and Alcoholic Beverages, the disclosure requirements as per Ind-AS 108 "operating segments" are not applicable. 4. The Holding Company has allotted 57,715 equity shares and 91,132 equity shares of face value of 2.00 each during the quarter and period ended September 30, 2026, on exercise of Employee Stock Option by the eligible employees, as per the ESOP Scheme 2006. 5. The Holding Company has granted 60,000 Stock Options to eligible employees under the ESOP Scheme 2006 during the period ended September 30, 2026. Each option entitles the holder to receive on equity share of the Company with a face value of 2.00 at an exercise price of 2,838.07 per share. 6. Figures of previous period/year have been regrouped/rearranged wherever necessary. The impact of the same is not material to the user of the Statement. For Radico Khaitan Limited Place: New Delhi Date: October 27, 2026