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Investing.com - CLSA initiated coverage on Radico Khaitan (NSE:RADC) Ltd (RDCK:IN) with an Outperform rating and a price target of INR3,098.00, citing the company’s potential for margin expansion.
The research firm highlighted Radico Khaitan’s position as the leading manufacturer of white spirits in India, including vodka and gin, and noted the company’s efforts to build a portfolio of premium and luxury brands across spirits categories.
CLSA acknowledged Radico’s "demonstrated track record in brand creation and premiumisation" while pointing out that "profit delivery has been mixed thus far."
The firm expressed confidence in Radico’s recent investments in building capacity for premium spirits, stating these investments position the company well for future growth.
CLSA projects Radico will deliver 265 basis points of EBITDA margin expansion between fiscal years 2025 and 2028, reaching 16.5%.
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