
3 Premium Spirits Maker, Cigarette and Tobacco Company and Diversified Consumer Group Stocks With a Strong Future Roadmap: Radico Khaitan, Godfrey Phillips India and ITC
Radico Khaitan, Godfrey Phillips India and ITC: ROE of 18.2% to 28.5% and FY22 to FY26 revenue CAGR of 6.8% to 23.9%. Prices as of 28 Oct 2026.
Updated: 29 Oct 2026 • 12:37 pm
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Quick Answer
The three premium spirits, cigarette and FMCG stocks to watch are Radico Khaitan, Godfrey Phillips India and ITC. Their return on equity ranges from 18.2% to 28.5%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.8% to 23.9%. ITC has the highest return on equity at 28.5%, while Godfrey Phillips India has the fastest revenue growth at 23.9% a year. Prices are based on the 28 October 2026 close, and this article is educational, not investment advice.
Premium spirits, cigarette and FMCG stocks give investors a way to track businesses that sit close to everyday demand in India. Radico Khaitan, Godfrey Phillips India and ITC cover a premium spirits maker, a cigarette and tobacco company and a diversified consumer group.
This list covers three premium spirits, cigarette and FMCG stocks with complete current figures: Radico Khaitan, Godfrey Phillips India and ITC. Every figure comes from the latest reported financials and the 28 October 2026 market close. Companies without complete current figures were left out.
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What Are Premium Spirits, Cigarette and FMCG Stocks?
Premium spirits, cigarette and FMCG stocks are listed companies that make vodka, whisky and single malts, sell cigarettes and tobacco products and run businesses in cigarettes, packaged foods, paper and hotels. Their earnings depend on brand strength, volumes and input costs.
Premium Spirits, Cigarette and FMCG Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Radico Khaitan | 4,135.1 | 57,280 | 71.9 | 50.9 | 18.2 | 0.15 |
| Godfrey Phillips India | 1,714.4 | 28,186 | 20.6 | 18.6 | 24.6 | 0.04 |
| ITC | 259.5 | 322,321 | 16.0 | 32.6 | 28.5 | 0.03 |
On valuation, ITC trades at a P/E below the industry P/E, while Radico Khaitan and Godfrey Phillips India trade above it, which reflects the growth the market already expects. Readers comparing premium spirits, cigarette and FMCG stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Premium Spirits, Cigarette and FMCG Stocks Have a Strong Roadmap in India?
Premium spirits, cigarette and FMCG stocks have a strong roadmap in India because rising consumer spending, a steady shift toward premium brands and wide distribution networks keep widening the market for these spirits and consumer companies.
- Premium brands. Buyers trade up to prestige labels.
- Wide distribution. Large networks support steady volumes.
- Diverse income. Multiple businesses spread the revenue base.
Why Radico Khaitan Features Among These Premium Spirits, Cigarette and FMCG Stocks
Among the premium spirits, cigarette and FMCG stocks on this list, Radico Khaitan is a spirits company with brands such as Magic Moments vodka, 8PM whisky and Rampur single malt, sold across India and in many export markets.
Revenue rose from Rs 2,875 crore in FY22 to Rs 6,062 crore in FY26, a compound annual growth rate of 20.5%. Net profit grew from Rs 249 crore in FY22 to Rs 604 crore in FY26, which works out to a compound annual growth rate of 24.9%.
The company has a return on equity of 18.2%, a debt to equity ratio of 0.15 and a market capitalisation of Rs 57,280 crore. The stock trades at a P/E of 71.9, above the industry P/E of 50.9.
Roadmap: The company is growing its prestige and premium brands and widening its range of single malts and gins. Rising consumer spending on premium spirits supports its brand building.
What to watch: Follow prestige brand growth, grain and glass costs and export progress.
Why Godfrey Phillips India Features Among These Premium Spirits, Cigarette and FMCG Stocks
Among the whisky, tobacco and consumer goods shares on this list, Godfrey Phillips India makes cigarettes and tobacco products under brands such as Four Square and Cavanders, and also sells confectionery and retails through its subsidiaries.
The company has a return on equity of 24.6%, a debt to equity ratio of 0.04 and a market capitalisation of Rs 28,186 crore. The stock trades at a P/E of 20.6, above the industry P/E of 18.6.
Revenue rose from Rs 2,802 crore in FY22 to Rs 6,596 crore in FY26, a compound annual growth rate of 23.9%. Net profit grew from Rs 438 crore in FY22 to Rs 1,525 crore in FY26, which works out to a compound annual growth rate of 36.6%.
Roadmap: The company has strong brands in the premium and mid-price segments and has widened its product range and distribution. Export sales and investments in retail and other businesses broaden its income sources.
What to watch: Monitor volume trends and policy changes on tobacco taxation.
Why ITC Features Among These Premium Spirits, Cigarette and FMCG Stocks
Among the three companies on this list, ITC is a diversified Indian company with leading businesses in cigarettes, packaged foods, personal care, paperboards, hotels and agri products, and it sells to consumers across the country.
Revenue rose from Rs 62,504 crore in FY22 to Rs 81,294 crore in FY26, a compound annual growth rate of 6.8%. Net profit grew from Rs 15,503 crore in FY22 to Rs 21,018 crore in FY26, which works out to a compound annual growth rate of 7.9%.
In the June 2026 quarter, revenue grew 26.7% year on year to Rs 30,179 crore. The company has a return on equity of 28.5%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 322,321 crore. The stock trades at a P/E of 16.0, below the industry P/E of 32.6.
Roadmap: The company is growing its packaged foods and personal care brands and expanding its hotels and paper businesses, which broadens its earnings base. Strong cash generation supports investment and shareholder payouts.
What to watch: Follow growth in the foods business, cigarette volumes and progress in newer consumer categories.
Radico Khaitan vs Godfrey Phillips India vs ITC on Key Financials
The table below sets the three premium spirits, cigarette and FMCG stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Radico Khaitan | 2,875 | 6,062 | 20.5% | 604 | 10.0% |
| Godfrey Phillips India | 2,802 | 6,596 | 23.9% | 1,525 | 23.1% |
| ITC | 62,504 | 81,294 | 6.8% | 21,018 | 25.9% |
ITC posts the highest return on equity in this group at 28.5%. ITC has the largest FY26 revenue at Rs 81,294 crore, and Godfrey Phillips India shows the fastest revenue growth with a 23.9% compound annual rate. A useful habit with premium spirits, cigarette and FMCG stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Premium Spirits, Cigarette and FMCG Stocks
Every theme carries risks that deserve a check before any decision. For these premium spirits, cigarette and FMCG stocks, the main points are:
- Input costs. Grain, glass and packaging prices can move margins.
- Policy changes. State level duties can affect pricing and volumes.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter premium spirits, cigarette and FMCG stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Premium Spirits, Cigarette and FMCG Stocks
Premium spirits, cigarette and FMCG stocks work best when investors track growth, valuation and return on equity side by side. Radico Khaitan, Godfrey Phillips India and ITC each have a clear plan to expand. Based on the 28 October 2026 close, Radico Khaitan trades at Rs 4,135.1, Godfrey Phillips India at Rs 1,714.4 and ITC at Rs 259.5.
Download the Univest iOS App or Univest Android App to track premium spirits, cigarette and FMCG stocks, set price alerts and get research-backed stock ideas.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are premium spirits, cigarette and FMCG stocks?
Ans. Premium spirits, cigarette and FMCG stocks are listed companies that make vodka, whisky and single malts, sell cigarettes and tobacco products and run businesses in cigarettes, packaged foods, paper and hotels. Their earnings depend on brand strength, volumes and input costs. This list looks at three of them, Radico Khaitan, Godfrey Phillips India and ITC, using reported FY22 to FY26 financials and the 28 October 2026 closing prices.
Which premium spirits, cigarette and FMCG stocks are covered in this list?
Ans. This list covers Radico Khaitan, Godfrey Phillips India and ITC. Based on the 28 October 2026 close, Radico Khaitan traded at Rs 4,135.1, Godfrey Phillips India at Rs 1,714.4 and ITC at Rs 259.5. Their return on equity ranges from 18.2% to 28.5%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.8% to 23.9%.
Why do premium spirits, cigarette and FMCG stocks have a strong future roadmap in India?
Ans. Premium spirits, cigarette and FMCG stocks have a strong roadmap in India because rising consumer spending, a steady shift toward premium brands and wide distribution networks keep widening the market for these spirits and consumer companies. The main drivers are as follows. Premium brands. Buyers trade up to prestige labels. Wide distribution. Large networks support steady volumes. Diverse income. Multiple businesses spread the revenue base. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Radico Khaitan performed financially?
Ans. Revenue rose from Rs 2,875 crore in FY22 to Rs 6,062 crore in FY26, a compound annual growth rate of 20.5%. Net profit grew from Rs 249 crore in FY22 to Rs 604 crore in FY26, which works out to a compound annual growth rate of 24.9%. The company has a return on equity of 18.2%, a debt to equity ratio of 0.15 and a market capitalisation of Rs 57,280 crore. The stock trades at a P/E of 71.9, above the industry P/E of 50.9. Looking ahead, the company is growing its prestige and premium brands and widening its range of single malts and gins. Rising consumer spending on premium spirits supports its brand building.
How has Godfrey Phillips India performed financially?
Ans. Revenue rose from Rs 2,802 crore in FY22 to Rs 6,596 crore in FY26, a compound annual growth rate of 23.9%. Net profit grew from Rs 438 crore in FY22 to Rs 1,525 crore in FY26, which works out to a compound annual growth rate of 36.6%. The company has a return on equity of 24.6%, a debt to equity ratio of 0.04 and a market capitalisation of Rs 28,186 crore. The stock trades at a P/E of 20.6, above the industry P/E of 18.6. Looking ahead, the company has strong brands in the premium and mid-price segments and has widened its product range and distribution. Export sales and investments in retail and other businesses broaden its income sources.
How has ITC performed financially?
Ans. Revenue rose from Rs 62,504 crore in FY22 to Rs 81,294 crore in FY26, a compound annual growth rate of 6.8%. Net profit grew from Rs 15,503 crore in FY22 to Rs 21,018 crore in FY26, which works out to a compound annual growth rate of 7.9%. In the June 2026 quarter, revenue grew 26.7% year on year to Rs 30,179 crore. The company has a return on equity of 28.5%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 322,321 crore. The stock trades at a P/E of 16.0, below the industry P/E of 32.6. Looking ahead, the company is growing its packaged foods and personal care brands and expanding its hotels and paper businesses, which broadens its earnings base. Strong cash generation supports investment and shareholder payouts.
What risks should investors check before buying premium spirits, cigarette and FMCG stocks?
Ans. Investors should check a few risks before buying premium spirits, cigarette and FMCG stocks. Input costs. Grain, glass and packaging prices can move margins. Policy changes. State level duties can affect pricing and volumes. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of premium spirits, cigarette and FMCG stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 28 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.
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