Piccadily Agro Industries: Spirited Success with Stellar Profit Surge
Piccadily Agro Industries reported a notable jump in net profit, reaching Rs 47.61 crore for the December quarter, propelled by its premium alcohol beverage portfolio. With gross sales climbing 53.3% and revenue from operations increasing over 52%, the company continues to expand through investments in capacity and maturation infrastructure.
- Country:
- India
Piccadily Agro Industries, the company behind leading brands like Indri single malt whisky and Camikara aged rum, announced a significant increase in net profit, soaring to Rs 47.61 crore for the December quarter of FY26. This two-fold growth is credited to the surge in demand for its premium alcohol portfolio.
Year-on-year, the company experienced a gross sales leap of 53.3%, hitting Rs 312.71 crore, with operational revenue rising to Rs 313.8 crore. The firm, under the leadership of Siddhartha Sharma, attributes its impressive performance to its strategic transformation into a premium spirits entity, as stated in its recent filing.
Piccadily Agro is making strategic investments to bolster its production capacity, with plans underway for enhancements at its Haryana facility and a new plant in Chhattisgarh. CFO Natwar Aggarwal expressed confidence in the company's trajectory, forecasting significant growth bolstered by its ongoing investments and market demand.
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