Piccadily Agro reports 40% growth in premium spirits business 

Piccadily Agro Industries Ltd announced strong financial results for FY25, with profit before tax rising 21.5 per cent year-on-year to ₹144.2 crore. The company’s EBITDA increased by 25.4 per cent to ₹191.4 crore, with margins expanding to 21.4 per cent, up 300 basis points from the previous year.

The shares of Piccadily Agro Industries Ltd were trading at ₹570.00 down by ₹32.30 or 5.36 per cent on the BSE today at 3.25 pm.

Revenue from operations grew 8 per cent to ₹893 crore, driven primarily by a 40 per cent surge in the company’s Indian Made Foreign Liquor (IMFL) division, which reached ₹380 crore. The company’s flagship Indri single malt whisky saw 37 per cent volume growth, while its Camikara rum recorded an extraordinary 310 per cent volume increase.

Natwar Aggarwal, CFO of Piccadily Agro, stated the company has invested over ₹500 crore for expansion, including new capacities at its Indri facility and a project in Chhattisgarh expected to be commissioned in FY26.

The company has strengthened its global footprint, with Indri now available in 26 Indian states and 28 countries worldwide. Camikara expanded to 23 Indian states and 15 countries globally.

Looking ahead, Piccadily plans to scale its Indri distillery to 250 KLPD and increase warehousing capacity from 75,000 to over 100,000 barrels. The company also intends to launch four new luxury products and expand its travel retail presence globally, with particular focus on the US, EU, UAE, and Asia-Pacific markets.

Published on May 21, 2025