Piccadily Agro Industries Ltd, known for producing Indri single malt whisky and Camikara rum, reported a 13.6 percent increase in net profit, reaching ₹45.22 crore for the March quarter of FY26 compared to the same period last year. In the January-March quarter of the previous fiscal, the company posted a net profit of ₹39.80 crore, as stated in a regulatory filing.
Sales for the December quarter of FY26 grew by 31.8 percent, amounting to ₹353.69 crore, up from ₹268.23 crore in the corresponding quarter of the previous fiscal year. The revenue from operations in Q4 FY26 stood at ₹359.56 crore, which reflects a 32.37 percent increase from the year-ago period.
Total expenses for Piccadily Agro, currently in the process of demerging its sugar business with completion anticipated by FY27, totaled ₹300.86 crore in the March quarter, representing a year-on-year rise of 36.37 percent. The earnings presentation highlighted that revenue from the distillery increased by 65.6 percent while sugar revenue experienced a decline of 7.9 percent. In Q4, distillery products accounted for 68.5 percent of revenue from operations.
The company reported a total income increase of 32.76 percent, reaching ₹363.63 crore for Q4 FY26. For the entirety of FY26, total profit increased by 33.8 percent, amounting to ₹137.40 crore. Consolidated income for the fiscal year ending March 31, 2026, rose by 28 percent to ₹1,142.84 crore.
CFO Natwar Aggarwal commented on the results, noting that Piccadily Agro surpassed the ₹1,100 crore revenue mark in FY26, driven by strong domestic and international demand for its premium spirits. He emphasized the significant 62.6 percent growth in the IMFL (Indian Made Foreign Liquor) segment in Q4, underscoring the effectiveness of the company’s premiumisation strategy and disciplined execution in the distillery business.
Following the demerger of its sugar division, Aggarwal stated the company is now focused on maximizing value in its core operations. Managing Director Harvindar Chopra expressed optimism about further revenue growth in upcoming years, attributing it to enhanced capacity utilization at the Indri and Chhattisgarh facilities.
Chopra mentioned intentions to expand the portfolio through the reinforcement of existing brands, the introduction of new IMFL offerings, and entry into white spirit categories. He also identified opportunities to boost export revenues while enhancing distribution across domestic and international markets. Additionally, the commissioning of extra distillation capacities is anticipated to facilitate greater revenues from ENA (extracted natural alcohol), ethanol, and related products beginning in FY27.
As of Wednesday, shares of Piccadily Agro Industries Ltd were trading at ₹627.75, marking a 6.92 percent increase from the previous close.
Published on April 29, 2026.
