INDIA – Radico Khaitan has reported a 73% increase in consolidated profit for the quarter ended June 30, supported by strong demand for its premium product lines. Profit rose to 1.31 billion rupees (US$14.95 million), up from 753.8 million rupees during the same period last year. The Indian liquor manufacturer saw a 47.2% growth in total volume, with its higher-end "Prestige & Above" segment recording a 40.8% increase in volume. Revenue surged 24.6% to 53.14 billion rupees (US$609.94M) from 42.67 billion rupees (US$489.3M) in the previous year, according to the company's unaudited results. India's premium alcohol segment continues to perform well, with urban consumers maintaining discretionary spending on upscale spirits. This resilience in the premium category has helped producers like Radico Khaitan offset weaker performance in the mass-market segment. Radico Khaitan has capitalized on this trend by expanding its premium portfolio.