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Radico Khaitan Shares Surge 3% as JM Financial Predicts 16% Upside, Maintains 'Buy' Rating
M
Moneycontrol•25-09-2026, 15:58
Radico Khaitan Shares Surge 3% as JM Financial Predicts 16% Upside, Maintains 'Buy' Rating
- •Radico Khaitan shares gained up to 3% after JM Financial reiterated its 'Buy' rating, forecasting a 16% upside potential.
- •JM Financial expects strong sales growth in Radico Khaitan's premium and above (P&A) segment, outperforming competitors.
- •The brokerage projects over 20% volume CAGR for Radico Khaitan's vodka business from FY26-FY29, citing robust traction and market leadership.
- •Key growth drivers include rising white spirits acceptance, a wide portfolio, innovation, and strong performance in Uttar Pradesh and Rajasthan.
- •JM Financial raised its target price to Rs 5,190, maintaining its 'Buy' rating, and expects Radico Khaitan to meet its FY27 guidance despite inflationary pressures.
Key Questions Answered
JM Financial retained its 'Buy' rating on Radico Khaitan and raised its target price to Rs 5,190 from Rs 4,955.
Growth is driven by robust traction for the vodka category, white spirit acceptance, packaging revamps for brands like 8PM Premium Black and After Dark, and luxury distribution expansion into hotel chains and travel retail.
Radico Khaitan expects a Prestige and Above (P&A) volume growth of 25 percent and an EBITDA margin of 20 percent for FY27.
