India, July 6 -- Radico Khaitan's shares rose 4.48% to Rs. 4,066.60 on July 6 after touching an intraday high of Rs. 4,089.90. The company commands a market capitalization of about Rs. 54,470 crore, reflecting positive investor sentiment following the announcement.

India's premium alcoholic beverages market continues evolving as rising incomes, premiumisation, and changing consumer preferences boost demand for branded spirits. Within this landscape, vodka remains significantly underpenetrated, offering substantial long-term growth opportunities for established players with strong brands and innovation capabilities.

What's the News? Radico Khaitan has announced that its flagship vodka brand, Magic Moments, sold 3.25 million cases during ...