Radico Khaitan Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹60,122 Cr
- Book Value
- ₹248
- Stock P/E
- 84.6
- Dividend Yield
- 0.20%
- ROE
- 20.3%
- ROCE
- 24.2%
- PEG Ratio
- 4.90
- EV/EBITDA
- 52.1
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
Radico Khaitan share price today
Radico Khaitan (NSE: RADICO) is Indian spirits’ premiumisation story told fastest. Magic Moments made it the vodka category; then management went upmarket with intent: Rampur single malt selling at global-collector prices, Jaisalmer gin on five-star backbars worldwide, and a luxury-portfolio pipeline that keeps landing. Three-year profit CAGR: 41% — brand-building maths, where each price tier up multiplies margin.
Our universe tags it wait at a demanding 84.6×: the strategy is visibly working, and the multiple visibly knows it.
The premium ladder
Spirits economics reward altitude: grain-spirit costs are similar at every price point, so a ₹4,000 bottle of Rampur carries margin a ₹400 bottle cannot dream of. Radico’s IMFL base funds the climb, its distillery heritage (est. 1943, Rampur distillery) gives luxury credibility money can’t fake, and India’s whisky-drinking demographics premiumise a little every year. State-excise policy remains the sector’s weather — pricing and route-to-market are regulated province by province.
Watch-items: luxury-portfolio depletion rates (are the bottles actually selling through?), grain and ENA input costs, state excise-policy shifts, and the multiple — at 85×, the story must outrun the arithmetic every quarter.
The numbers
From our research universe snapshot (5 Aug 2026):
| Metric | Value |
|---|---|
| Market cap | ₹60,122 Cr |
| P/E (TTM) | 84.6 |
| EV/EBITDA | 52.1 |
| Operating margin | 18.3% |
| ROE / ROCE | 20.3% / 24.2% |
| Debt to equity | 0.15 |
| Sales CAGR (5y) | 20.5% |
| Profit CAGR (5y) | 17.3% |
| Promoter holding | 40.2% |
| EPS (TTM) | ₹52.61 |
Radico Khaitan share price target 2026 to 2030
EPS base ₹52.61 (TTM). Bear: premiumisation stalls, excise bites — 10% growth, multiple at 42×. Base: the ladder keeps climbing — 17% growth at 58×. Bull: Rampur/Jaisalmer become global luxury franchises — 23% growth at 75×.
| Year | Bear (42×, +10%) | Base (58×, +17%) | Bull (75×, +23%) |
|---|---|---|---|
| 2026 | ₹2,430 | ₹3,570 | ₹4,855 |
| 2027 | ₹2,675 | ₹4,175 | ₹5,970 |
| 2028 | ₹2,940 | ₹4,885 | ₹7,345 |
| 2029 | ₹3,235 | ₹5,720 | ₹9,030 |
| 2030 | ₹3,560 | ₹6,690 | ₹11,110 |
From ₹4,450, the base case is ≈ +50% over four and a half years; the bear is −20%. High-multiple consumer stories pay well only when entered on their stumbles — the range below is drawn for exactly those.
Reasons to own Radico Khaitan (at the right price)
- A working premiumisation ladder — Magic Moments to Rampur, each rung multiplying margin.
- Luxury credibility (heritage distillery, global awards) that entrants cannot purchase.
- 41% three-year profit CAGR shows mix-shift hitting the P&L now.
- India’s spirits demographics premiumise structurally for a decade-plus.
- Own-brand IMFL base funds the climb without leverage (D/E 0.15).
The risks: 85× is priced for uninterrupted success, state excise policy can reset economics overnight, and luxury depletions are hard to verify from outside.
Should you buy at the current price?
The live buy range below is for members — where the premium story sells at a discount.
FAQ
What is the Radico Khaitan share price target for 2030? Base case ≈ ₹6,690 (58× on 17% compounded growth), bear ≈ ₹3,560, bull ≈ ₹11,110. Arithmetic above.
What brands does Radico own? Magic Moments vodka, Morpheus brandy, 8PM whisky, After Dark, Rampur Indian single malt and Jaisalmer gin — a full ladder from popular to global luxury.
Why do spirits companies trade at such high multiples? Brand annuities with pricing power, in a category where advertising bans freeze competitive positions — the market pays up for moats regulation itself maintains.
When are Radico’s next results? Track the exact date on our results calendar.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises. Do your own research and consult a registered adviser before acting.