Stockrabit · Analysts
Questions across 9 calls

Abhijeet Kundu

Antique Stock Broking

Radico Khaitan Limited

Radico Khaitan Limited CC-May26.pdf · 2026-05-07
Yes, thanks for the opportunity and congratulations on a great set of numbers. Just a follow up on the previous question that to just clarify excluding UK FTA and given the current environment Radico is looking at 100 to 125 basis points improvement in margins. Is that right?
Okay. And sir, what I understand is Sitapur and Rampur distillery, 50% of it is biomass dependent and less dependent on LPG. So, on an overall basis, things are getting better but assuming that there are issues with LPG supplies, so what happens in that scenario? That is one question. And second question is that in glass prices, are you seeing any inflation right now? What is your dependence on glass, because the major part of it would be glass? And then a lot of alcoholic spirit companies have switched to hipsters and hence a dependence on PET bottles. So, what could be the overall impact in the current scenario if it increases from the current level, just a slight view on that?
Radico Khaitan Limited CC-Jan26.pdf · 2026-01-23
Congratulations, sir, on a very strong set of numbers. My first question was on Andhra. You have outperformed, increased your market share sequentially and which is, I believe, has been driven by brandy. So, getting into the next year, how do you see the overall scenario there, because the market share gains have been very consistent and has been goin g up, how do you see that market growing for you, in the sense that, because sustaining that kind of growth on this kind of base would be challenging, how do you see that?
Okay. And in case of your debt levels, those have been coming down consistently. Over what period do you plan to, I mean, repay majority of that?
Radico Khaitan Limited CC-Jun25.pdf · 2025-08-01
Congrats on a really great set of numbers. Very strong outperformance. My question was, one, what was the thought process behind your super premium whisky launch? I mean, the name of the whisky has been Morpheus. Morpheus was more about Morpheus brandy. So, what was the thought process behind naming whisky as Morpheus? One was that. And secondly, in Maharashtra, we are not still very clear. At least, I am not still very clear about how the duty structure has been, because what we are made to know is that the tax increase has been higher in the entry level prestige and above and mid -level prestige and above. So, just some color on that I wanted to get from you. These two are my questions.
Understood. And another thing, I do not know whether you would be able to comment on this or not, but what would be the value contribution of your luxury segment, including Royal Ranthambore? I mean, across the board, all your whisky and vodka offerings taken together, what would be the value contribution?
Radico Khaitan Limited CC-Mar25.pdf · 2025-05-07
Hi. Congratulations on a very strong set of numbers. Thanks for the opportunity. So, my first question is about the backward integration 12 | P a g e Q4 FY2025 Earnings Call Transcript that you had done for raw material. With the broken rice prices now correcting about 10%, maize prices also lowered. There was an expectation that you would save about INR 12 to INR 13 per litre on your raw material. So, where are we now and what could be the savings that can happen in FY26?
Okay. This would be the stable scenario. And you are planning to repay your debt in 2 years' time, by the cash flow generation, right? I just wanted the clarification , in FY 26, you would reduce your current debt by about 30%, 40%, and the rest of it you would reduce in FY27. Is that right or it would take about 3 years?

Godrej Consumer Products Limited

Godrej Consumer Products Limited CC-Jan26.pdf · 2026-01-23
My first question was, sorry for being repetitive. But in soaps, what is the kind of value growth that you could see over the next 2 years? Or I mean would it be mid 5% to 6% just on that? Or is there an opportunity to see improvement? Or is it that we cou ld get better clarity from Q4? First question is that. And second question is that in personal wash per se, there is also a hand wash, face wash, and body wash market, which is very small but that has been growing at a decent rate. So, you have also launched your products there. So, how do you look at this opportunity? I mean, would you put enough of effort in scaling up in hand wash, face wash, and body wash?

United Spirits Limited

United Spirits Limited CC-Nov25.pdf · 2025-10-31
Yes. Thanks for the opportunity and congrats on a very good set of numbers. Essentially, I wanted to get some view on these three brands, essentially. Signature, Antiquity and Royal Challenge. Now Royal Challenge, last three years to four years has done really well. And now it has attained the size and growing in high single-digit volume from those levels will be difficult. But the real opportunity always lied in Antiquity and Signature, where you have been doing very well, I mean, double-digit growth and all. So what's your view? I mean, because the -- in the last four years, particularly in the last two years, we have done very well there. And there lies the Upper Prestige, the profit pool is also very high. So -- and then given this scope to grow there, scale up to growth. So what's your view going ahead there? And currently, how has been the situation? Because you spoke about Signature, but you didn't speak about Antiquity. Antiquity had lost quite a bit of volumes in the last 10 years earlier, but it has come back very strongly, I believe.
Understood. And McDowell's, the new range that you talked about, has done well. Which are the particular geographies that they have done well? I mean the white spirits and the new launches that you have done?

Patanjali Foods Limited

Patanjali Foods Limited CC-Jun25.pdf · 2025-08-14
My question was on -- so on staples, what would have been the revenue? I missed that -- during the quarter.
Okay. Sir, then structurally, is it not right that you reduce your exposure to those business? I mean your non -staple business, obviously will grow. But on a absolute basis also, does it not make sense to reduce exposure as much as -- even though you say that in the INR600 crores to INR1,000 band, it is still a sweet spot to be. But still, the profitability there becomes pretty volatile, right? I mean and government intervention will always be there because your other part of the business, I mean, the staple part of the business is a pretty strong business. And so one question is why not reduce it because this is -- rather than getting exposed to the vagaries? And second is what are the benefits of being in this business? Does it give you volume, substantial volume? Because generally, all these staple businesses, even the other companies who are into it, they get -- I mean, they always have problems of volatility primarily in the -- on the margin front. Even in -- and then my second -- another question was that now in edible oil, what is the kind of margins for the year can we look at because we are sitting on a high base, high margins. And now that government has cut down the duty and edible oil prices have crashed from there, what is the kind of margin that we could look at for this year, next year? I mean, broad range?

Allied Blenders and Distillers Limited

Allied Blenders and Distillers Limited CC-Sep24.pdf · 2024-10-30
Yeah, hi. Congrats on a great set of numbers. The margin expansion has been quite substantial and we believe that this margin expansion will sustain and, in fact, improve going ahead. My question was on the brand part. You said that Sterling Reserve B7 would be relaunched and that has been a successful brand earlier as well. But what happens to, what are plans with Srishti, X&O Barrel? Where are we in terms of marketing them and driving their volumes? Where are we in that journey? Because these are the brands which will improve your overall standing in P&A.
And in case of Zoya, the initial response has been good, what I believe, from our chances as well. So, what are the plans with ramping up across states? Where and how much time will it take?