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Radico Khaitan's management said that the raw material scenario still remains volatile
Shares of Liquor manufacturer Radico Khaitan Ltd. ended at the day's high on Wednesday after dropping nearly 4 percent in early trading. The company reported a 20 percent drop in net profit compared to the year-ago period.
Revenue for the quarter increased 5 percent to Rs 792 crore while operating profit or EBITDA saw a drop of 19 percent year-on-year.
Margins also dropped to 12.2 percent in the quarter under review from 15.7 percent in the same quarter a year ago.