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Radico Khaitan Gains on Premium Vodka Launch and Jefferies Endorsement

Radico Khaitan Gains on Premium Vodka Launch and Jefferies Endorsement

Published:
2025-09-15 07:09:02
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BTCCSquare news:

Radico Khaitan shares rose 2.17% to ₹2,933.30 in early trading after the spirits Maker launched its luxury vodka 'The Spirit of Kashmyr' in Maharashtra and Goa. Jefferies initiated coverage with a Buy rating and ₹3,500 target, citing 35%+ EPS growth potential.

The stock opened at ₹2,904, reaching an intraday high of ₹2,947 on volumes of 110,000 shares. Jefferies named Radico its top spirits pick, while also initiating Buy ratings on United Spirits and Allied Blenders.

Market sentiment strengthened with Radico's premium vodka launch, priced at ₹2,800-4,000 per bottle. The product won 'Best Luxury Vodka' within a month of its Uttar Pradesh debut, capitalizing on India's premiumization trend.

|Square

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