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Radico Khaitan fiscal Q1 profit falls YOY

Radico Khaitan Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 1.15 Indian rupees per share, a decline of 21.8% from 1.47 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 153.4 million rupees, a decrease of 22.1% from 197.0 million rupees in the year-earlier period.

The normalized profit margin fell to 4.3% from 5.7% in the year-earlier period.

Total revenue increased on an annual basis to 3.61 billion rupees from 3.48 billion rupees, and total operating expenses climbed 5.9% year over year to 3.23 billion rupees from 3.05 billion rupees.

Reported net income declined 26.5% year over year to 165.5 million rupees, or 1.24 rupees per share, from 225.1 million rupees, or 1.68 rupees per share.

As of Aug. 12, US$1 was equivalent to 61.08 Indian rupees.