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Nikhil Kamath, co-founder of Zerodha, opened up about the investment, saying - My big stake in the alcohol brand…

In the latest podcast episode he was asked, 'Is alcohol a $70 billion business in India?' Kamath said his stake in the brand is around 1.6-1.7 per cent, which is around Rs 400 crore.
14 Day ago

Nikhil Kamath, co-founder of Zerodhana, has shared information about his latest investment. The billionaire has bought a stake in Radico Khaitan, maker of leading alcohol brands like Magic Moments, 8 PM Whisky, Rampur Premium Indian Single Malt Whiskey and Jaisalmer Indian Craft Gin.

About 1.6-1.7 percent share

In the latest podcast episode he was asked, 'Is alcohol a $70 billion business in India?' Meanwhile, Kamath disclosed that he has about 1.6-1.7 percent stake in the brand, which is worth around Rs 400 crore.

He also pointed out that the details of the investment have never been shared publicly before. Kamath was also joined in this episode by Abhishek Khetan, MD of Radico Khetan, Meenakshi Singh, co-founder of Sidecar, Shuchir Suri, co-founder of Gin Explorer Club and Suraj Shenai, founder of Goa Brewing Company.

This is how Kamath introduced Khaitan

Introducing Khetan, Kamath said, “We are very small partners in Abhishek's business as equity partners. This is an investment that has performed very well for us. We never talked about it publicly. I think it is 1.6-1.7 percent. We have shares worth Rs 400 crore, which is a huge investment for me.”

This share was bought from the open market. Meanwhile, Radico MD also said that in 2023, the turnover of the company will be Rs 4,200 crore and its market capitalization will cross Rs 20,000 crore.

Emerged as a wholesale liquor supplier

Radico Khaitan is one of the oldest and largest foreign liquor manufacturers in India. It started its operations in 1943 under the name of Rampur Distillery. Over time the company has emerged as a major wholesale liquor supplier.

In 1998 Radico Kheta launched his first brand, 8PM Whisky. It further added more brands like Magic Moments, Contessa XXX Rum and Old Admiral Brandy to its portfolio.

Brands saw significant growth

Antique Stock Broking said in its June 19 note that the company's Millionaire brands have seen significant growth and outperformed rivals.

“On a four-year CAGR basis as well, Radico Khaitan outperformed its competitors with a CAGR of 7 per cent, while it remained stable for United Spirits and 2 per cent for Restaurants & Bars (on-trade). There was a strong recovery for Magic Moments Vodka, leading to sales of 6.2 million cases, a 29 percent year-over-year increase.”

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