Press release announcing the financial results for F.Y. 24-25
PICCADIL · price
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Awaiting price reaction for this filing.
Piccadily Agro Industries reported strong FY25 results with revenue from operations rising 8% to ₹893 crore (from ₹829 crore in FY24). EBITDA jumped 25.4% to ₹191.4 crore and profit before tax grew 21.5% to ₹144.2 crore, with EBITDA margin expanding by 300 basis points to 21.4%. The premium liquor (IMFL) division was the standout, growing 40% to ₹380 crore, driven by a 37% volume growth in Indri single malt whisky, a 310% surge in Camikara rum, and 56% growth in Whistler blended malt. The company has invested over ₹500 crore in capacity expansion at Indri and a new facility in Chhattisgarh, with Indri production scaling to 250 KLPD. Indri is now sold in 26 Indian states and 28 countries, while Camikara has won India's first-ever gold at a major international rum award.
This is a clearly positive filing — strong profit growth outpacing revenue growth, expanding margins, and aggressive premium-segment expansion suggest improving profitability and a positive earnings trajectory. Shareholders can view this as a constructive signal for the stock, though the heavy ₹500+ crore capex may keep near-term cash flows under pressure.