Piccadily Agro register Rs 893 cr revenue before operations for FY25

Driven by 40 per cent revenue growth in the premium alcobev business

Piccadily Agro Industries has announced its financial results for the fiscal year ended March 31, 2025 (FY25). The company recorded a 40 per cent YoY growth in its Indian Made Foreign Liquor (IMFL) division—an outcome of its commitment to drive and expand its alco-bev business.

This performance was fuelled by surging global demand for its internationally acclaimed Indri Single Malt Whisky and Camikara, India’s first premium pure cane juice rum.

FY 2024–25 Financial Highlights (Standalone):

• Revenue from operations: Rs 893 crore, an 8 per cent surge from Rs 829 crore in FY 2023–24
• EBITDA: Rs 191.4 crore, up by 25.4 per cent YoY from 152.6 crore
• Profit Before Tax (PBT): Rs 144.2 crore, a growth of 21.5 per cent from Rs 118.7 crore (before exceptional items)

IMFL division highlights:

• IMFL business revenue grew by 40 per cent to Rs 380 crore from Rs 272 crore
• Indri single malt grew by 37 per cent by volume
• Camikara rum witnessed an unprecedented growth of 310 per cent by volume
• Whistler barrel-aged blended malt whisky grew by 56 per cent by volume

“Our performance this year has been impressive, reflecting our strategic focus and disciplined execution. We are extremely bullish on the long-term potential of the premium IMFL category, which continues to drive higher EBITDA margin — rising from 18.4 per cent to 21.4 per cent. We are actively leveraging both organic and inorganic growth opportunities to accelerate our momentum in this space. The company has also invested more than Rs 500 crores for growth and expansion in new capacities at Indri and a new project at Chhattisgarh, which will be commissioned soon within FY 25 -26,” said Natwar Aggarwal, CFO, Piccadily Agro Industries.

The company’s expansion in FY 25-26 include production capacity at distillery at Indri, Haryana, being scaled to 250 KLPD, with ENA/ethanol capacity at 220 KLPD, and malt spirit production at 30 KLPD. Chhattisgarh facility under development, with a production capacity of 210 KLPD for ENA and ethanol, to boost domestic production. It commissioned additional warehousing from 45,000 to 75,000 barrels, ensuring long-term ageing capacity and further to over 1,00,000 barrels.

Piccadily is gearing up for an aggressive second wave of growth — including: launching two new luxury and two new ultra luxury products across categories. Expanding travel retail presence globally and driving exports to the US, the EU, the UAE and Asia-Pacific.