Financial Daily from THE HINDU group of publications
Thursday, Jun 09, 2005
Financial Daily from THE HINDU group of publications Thursday, Jun 09, 2005 |
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Corporate Results
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Breweries Radico net up 39 pc Our Bureau
BANGALORE: Radico Khaitan Ltd (RKL) has reported 39 per cent increase in net profit to Rs 35.86 crore in the financial year 2004-05. The company's net the previous year was Rs 25.68 crore. The top line revenue during the year ended March 31, 2005 vaulted 37 per cent to Rs 995 crore against Rs 727 crore in the previous year. The figures for the last financial year include sales from Whytehall India Ltd and Anabeshahi Wines & Distilleries Pvt Ltd, wholly owned subsidiaries of the company, which were acquired during the year. The company announced an EPS of Rs 18.44 against Rs 13.31, a rise of 39 per cent. Mr Abhishek Khaitan, Managing Director, RKL, said the company hoped to achieve a CAGR of 25 per cent in the next two years. The company's mainstay Indian Made Foreign Liquor volume crossed 10 million cases in 2004-05, and has three millionaire brands in its portfolio — 8 PM Whisky, Old Admiral Brandy and Contessa Rum. The company claimed that its introduction of 8 PM Bermuda White Rum and 8 PM Excellency Brandy received an overwhelming response. The company is set to tap the vodka segment with the launch of Magic Moments vodka in the next three months.
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