Radico Khaitan Ltd -
sazal sharetraders Research Team / Mumbai Sep 05, 2008 14:44
Radico has acquired a 36% stake in an Aurangabad-based distillery for a sum of Rs1.6bn.
CMP Rs70
We met the management of Radico Khaitan and came back with a cautiously positive view on the company. Radico aims for a 5% volume growth in its flagship whisky brand ‘8PM’ in FY09 while overall IMFL sales is likely to increase by 12% yoy. ‘Magic Moments’, a vodka offering, is expected to double its sales in current year. A new launch is planned in the brown spirits segment even as on operating front the company braces for a rise in the cost of molasses, a key raw material. It has acquired 36% stake in a distillery in Aurangabad, which is likely to be commissioned by December 2008.
Click here for the company update on Radico Khaitan Ltd.
Saturday, September 6, 2008
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