Piccadily Agro Industries Sees Soaring Q1 FY24-25 Sales and Profits

Piccadily Agro Industries Limited, India’s top malt spirits manufacturer, announced its Q1 FY24-25 financial results with a notable increase in sales and profitability. The company achieved a PBT of Rs. 20.08 Cr., and revenue growth driven by premium brands like Indri single malt and Camikara.

Piccadily Agro Industries Limited (PAIL), India's largest independent manufacturer of malt spirits, has reported a significant boost in its Q1 FY24-25 financial results. The company's Profit Before Tax (PBT) reached Rs. 20.08 Cr., a 31.24% increase compared to the same period last year.

PAIL's revenue from operations stood at Rs. 209.00 Crores, coupled with an EBITDA of Rs. 28.62 Crores. This marks a 14.39% growth year-over-year (Y-o-Y). Notably, the net profit margin improved from 6.68% to 9.61%, while earnings per share (EPS) rose by 27% to Rs. 1.52.

The impressive financial performance is attributed to the company's premium alco-bev brands, particularly Indri single malt, which saw a 236% increase in sales volume. Harvinder Chopra, Managing Director of PAIL, expressed optimism about the company's sustained growth and future profitability in the premium alco-bev market.

(With inputs from agencies.)