Radico Khaitan has posted a healthy leap in quarterly net profit.

The Indian spirits group said yesterday (30 January) that net profit for the three months to the end of December increased by 44% on the corresponding period a year earlier, reaching INR115.8m (US$2.9m).

Sales followed suit, climbing to INR2.22bn from INR1.54bn in the same quarter in 2006.

The company did not give any further details on the results.

Late last year, Khaitan teamed up with NV Distillers and Riddhi Siddhi to begin construction of a new distillery in Aurangabad in the western state of Maharashtra. The new plant will produce Indian made foreign liquor (IMFL), extra neutral alcohol and ethanol, and will have an annual production capacity of 36m litres.