Piccadily Agro Industries Limited reported a 19.4% year-on-year increase in revenue from operations to ₹277.9 crore in the second quarter of FY2026-27, driven by strong performance in its distillery business. Revenue from the distillery segment rose 30.5% to ₹271.3 crore, contributing 97.6% of the company’s total quarterly revenue, compared with 89.3% in the corresponding period last year. The company’s EBITDA increased 9.6% year-on-year to ₹53 crore. Piccadily also reported that its profit after tax (PAT) for the first half of FY27 was higher than in the corresponding period of the previous financial year, although it did not disclose the exact figure.
The company continues to strengthen its premium, super-premium and luxury alcoholic beverages portfolio, led by brands such as Indri Single Malt Whisky, Camikara Aged Rum, Cashmir Vodka and Whistler Whisky. Recent launches include Indri Ilika, developed for the travel retail segment, Indri Agneya and the Indri Diwali Collector’s Edition 2026. The Diwali Collector’s Edition received a Double Gold rating with 96 points at the USA Spirits Ratings 2026 and was recognised as Indian Single Malt Whisky of the Year and Spirit of the Year – India. Indri Agneya also secured the Indian Single Malt Whisky of the Year title at the London Spirits Competition 2026.
To support its expanding branded spirits business, Piccadily is scaling up operations at its Chhattisgarh distillery alongside its existing manufacturing facilities. The company plans further product launches and aims to expand distribution across domestic and international markets.
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United Spirits Q2 FY27 Results Net Profit Falls 2.1% to ₹462 Crore as Popular Segment SlumpsPiccadily has also revised its spirit maturation target to more than 1 lakh barrels by the end of FY27, compared with its earlier target of 1 lakh barrels. Its maturation inventory had reached 96,000 barrels at the time of the announcement.
Commenting on the performance, CFO Natwar Agarwal said the distillery business remained the company’s principal growth engine, with its rising revenue contribution reflecting Piccadily’s strategy to build a spirits-led business. The latest results underline the growing importance of premium spirits, manufacturing expansion and maturation capacity in the company’s long-term growth plans.
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