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.
Showing posts with label research. Show all posts
Showing posts with label research. Show all posts
Saturday, September 6, 2008
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