Radico Khaitan's Q3 consolidated net profit up 13%

New Delhi, Jan 23 (IANS) Radico Khaitan on Thursday reported a 12.97 per cent increase in its consolidated net profit for the quarter ended December at Rs 59.74 crore.During the third quarter of the fiscal year 2018-19, the company had reported a consolidated net profit of Rs 52.88 crore.The total income of the liquor major, however, dropped 2.31 per cent to Rs 2,013.46 crore during the period under review, from Rs 2,061.12 crore earned during the same period last fiscal.Commenting on the performance, Lalit Khaitan, Chairman and Managing Director, said: "The company continued to outperform the industry which is a testament to our robust product portfolio, strong brand equity and consumer royalty. We expect the calendar year 2020 to be better for the overall economy and Radico Khaitan is strongly positioned to capitalise on the opportunities that the IMFL industry will present."
--IANS rrb/vd