Piccadily Agro’s share price jumped nearly 5% to Rs 788.45 on the BSE on Thursday, following news that its whiskey brands received approval for supply to Central Armed Police Forces (CRPF) canteens. The company’s popular Indri single malt and Whistler blended malt whiskeys will now be available at 98 CRPF depots across India, including those for the CRPF, BSF, SSB, and ITBP.
This approval comes shortly after Piccadily Agro also received clearance from the Canteen Stores Department (CSD) in March 2024. The company highlighted that Indri, praised in markets like the US, UK, and Dubai, is now reaching paramilitary personnel nationwide, marking a major step in its brand recognition.
For Q1 of the 2024-25 financial year, Piccadily Agro reported a total income of Rs 209 crore, down 8.8% year-over-year, but saw a net profit increase of 31.1% to Rs 21.1 crore. EBITDA grew 14.6% to Rs 28.62 crore, improving the margin from 10.90% to 13.69%. Earnings per Share (EPS) rose 27% to Rs 1.52.
Revenue from the distillery segment climbed 12.9% to Rs 119.23 crore, driven by a 36% increase in sales volume of premium brands and a 113% rise in revenue year-over-year. Sales volume of Indri single malt soared 236%, reaching 24,733 cases. The company’s market cap is Rs 7,227.33 crore, with shares trading at a price-to-earnings ratio of 61.59 and an EPS of Rs 12.19.
As of 12:19 PM, Piccadily Agro’s share price was up 1.47% at Rs 762, while the BSE Sensex was 0.23% higher at 81,977. The company operates a plant in Bhadson, Haryana, producing white crystal sugar and various alcohol products from local sugarcane and other raw materials.
