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Radico Khaitan fiscal Q1 profit climbs YOY

Radico Khaitan Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 1.19 Indian rupees per share, a gain from 1.15 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 158.7 million rupees, an increase from 153.4 million rupees in the year-earlier period.

The normalized profit margin declined to 4.0% from 4.3% in the year-earlier period.

Total revenue grew 9.4% year over year to 3.95 billion rupees from 3.61 billion rupees, and total operating expenses grew 10.7% year over year to 3.58 billion rupees from 3.23 billion rupees.

Reported net income rose 9.3% from the prior-year period to 180.9 million rupees, or 1.36 rupees per share, from 165.5 million rupees, or 1.24 rupees per share.

As of Aug. 10, US$1 was equivalent to 63.80 Indian rupees.