• Full-year net profits climb by 13.8% to INR769m (US$11.5m)
  • Net sales in 12 months to end of March slip by 3.1% to INR17.89bn
  • Operating profits rise by 3.7% to INR1.54bn
Rampur is an Indian single malt whisky that is available globally outside India

Rampur is an Indian single malt whisky that is available globally outside India

Radico Khaitan has reported a slight fall in full-year sales as it looks to focus on higher-margin spirits.

The company, which launched an Indian single malt whisky with a retail price of US$70 last month, said yesterday that its top-line dipped by just over 3% in the 12 months to the end of March. Net profits, however, jumped by almost 14%.

Radico's Indian Made Foreign Liquor (IMFL) volumes fell by almost 7% in the 12 months, while the group's 'Prestige & Above' IMFL offerings upped their share of the company's total IMFL volumes from 21% in fiscal-2015 to 24%.

"Radico Khaitan's revenue performance during FY2016 was a clear reflection of the prevailing industry trends and of our ongoing strategy of focusing on premium brands," said MD Abhishek Khaitan. "Despite a 6.6% decline in our overall IMFL volumes, we were able to improve profitability. Our Prestige & Above category sales remained robust with a 8.9% growth.

"We are confident that our strong product portfolio will help us capitalise on the anticipated upturn in the spirits industry."

As well as 33 bottling units across India, Radico Khaitan operates three distilleries and one joint-venture with annual capacity of 150m litres.

To view Radico Khaitan's results presentation, click here.