Mumbai: Spirits marketer Radico Khaitan on Tuesday said its net profit rose by 55.52% at Rs10.70 crore for the first quarter ended 30 June, 2009, over the same period last year.
The company declared net profit of Rs6.88 crore in the same quarter ended June 2008, Radico Khaitan said in a press release.
“We have concentrated on our mainline brands which have grown by 26%. The total brand portfolio has grown by 20%,” Radico Khaitan Limited chairman & managing director Lalit Khaitan said.
Net sales rose to Rs183.52 crore in the latest quarter, against Rs158.5 crore in the same quarter in the previous fiscal.
Shares of Radico Khaitan were trading at Rs91 on the BSE, up 1.62%.