New Delhi, Delhi, India - Business Wire India
Piccadily Agro Industries Limited (PAIL), India's largest independent manufacturer of malt spirits and the producer of the award-winning Indri Single Malt and Camikara, India's first pure cane juice rum, has announced its Q2 FY24-25 results. The company reported a substantial increase in both sales and profitability, driven by strong demand for its single malt and premium alco-bev portfolio.
On standalone basis, the company has achieved Profit Before Tax (PBT) of Rs. 33.04 Cr. in Q2 FY24-25, which is a 106.50% increase with an EBITDA of Rs. 43.63 Crore, an increase of 74.45% as compared to Q2 FY 23-24.
The company reported a Net Revenue from Operations of Rs. 200.52 Crore, the Net Profit Margin rose from 9.72% to 12.44% Y-o-Y (a growth of 28.01%), while the Earnings Per Share (EPS) increased by 109.52% Y-o-Y, at Rs. 2.64
The profitability growth was driven by its distillery vertical led by premium alco-bev brands.
Key Highlights of Premium Alco Bev Brands Q2 FY24-25 Performance:
- Single Malt Volume Growth: Indri single malt witnessed an outstanding sales volume growth of 443% Y-o-Y.
- Sales Volume Growth: Premium Alco-Bev brands have achieved a significant increase of 426% in sales volume as compared to Q2 of FY 24-25.
- Revenue Growth: The total revenue has risen by 63.45% Y-o-Y.
Speaking on the results, Harvinder Chopra, Managing Director, Piccadily Agro Industries Limited, said "Our Q2 results underscore the remarkable growth potential of India's premium alco-bev sector and Piccadily's leading role in redefining this landscape. A 106.50% increase in PBT and 74.45% rise in EBITDA over the previous year's quarter showcase not only the strength of our brands but also the escalating global demand for Indian spirits. Indri Single Malt and Camikara have struck a chord with a discerning new generation of consumers seeking quality and authenticity. We're witnessing a pivotal shift in the market, and with demand outpacing supply, we are committed to expanding our production and solidifying India's position on the world spirits map."
Stock Ticker: (PICCADIL | 530305 | INE546C01010)
About Piccadily Agro Industries Limited (PAIL)
Piccadily Agro Industries Limited (PAIL) is a publicly listed company on the Bombay Stock Exchange (BSE: PICAGRO). The company operates primarily in two strategic business segments: Distillery and Sugar. Its manufacturing facility is located in Indri, Haryana, covers 168 acres and is equipped with advanced technology for producing a diverse range of products, including Malt, Extra Neutral Alcohol (ENA), Ethanol, and White Crystal Sugar.
Piccadily Agro Industries Limited has established itself as a key player in the alcoholic beverages industry, particularly renowned for its expertise in malt spirits. The company boasts a robust portfolio that includes premium expressions of Indri single malt whisky, blended malt whisky brands and Camikara, premium sugarcane juice aged rum.
In 2022, Piccadily Agro Industries Limited made a significant mark with the launch of 'Indri' its flagship single malt whisky brand, aimed at catering to discerning consumers who appreciate quality and craftsmanship in spirits. By focusing on premiumization strategies and leveraging its technical capabilities, the company has successfully positioned itself as a leader in the Indian single malt whisky market by becoming the 'fastest growing single malt whisky brand' in 2024.
Website: www.piccadily.com
Media Contact Details
Shreya Bhattacharya, Avian WE, shreyab@avianwe.com, +91-9582891650; Rutvi Mehta, Avian WE, rutvim@avianwe.com, +91-8619430473; Abhishek Haryson, Piccadily Distilleries, a.haryson@piccadily.com, +91-9891356547
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