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Piccadily Agro Industries Limited (PAIL), India's largest independent manufacturer of malt spirits and the producer of the award-winning Indri Single Malt and Camikara, India’s first pure cane juice rum, has announced its Q3 FY24-25 results. The company has seen a notable increase in both sales and profitability, driven by its distillery division, which posted an impressive 18.48% YoY growth, driving revenue of the distillery division to Rs. 183.91 Cr.
On standalone basis, the company has achieved Profit After Tax (PAT) of Rs. 25.04 Cr. in Q3 FY24-25, which is a 32.14% increase with an EBITDA of Rs. 50.86 Cr., an increase of 46.07% as compared to Q3 FY 23-24.
The company reported a Total Revenue of Rs. 208.32 Cr. in Q3 FY24-25, the Net Profit Margin rose to 12.02% (a growth of 21.78% YoY), while the Earnings Per Share (EPS) increased by 33% YoY, at Rs. 2.65.
On standalone basis, the company has achieved Profit After Tax (PAT) of Rs. 25.04 Cr. in Q3 FY24-25, which is a 32.14% increase with an EBITDA of Rs. 50.86 Cr., an increase of 46.07% as compared to Q3 FY 23-24.
The company reported a Total Revenue of Rs. 208.32 Cr. in Q3 FY24-25, the Net Profit Margin rose to 12.02% (a growth of 21.78% YoY), while the Earnings Per Share (EPS) increased by 33% YoY, at Rs. 2.65.
| PAIL Q3 FY24-25 Vs Q3 FY 23-24 RESULTS (INR Crore) | |||
| Particular | Q3 FY23-24 | Q3 FY24-25 | Growth% |
| TOTAL INCOME | 191.99 | 208.32 | 8.51% |
| EBITDA | 34.82 | 50.86 | 46.07% |
| PBT* | 27.89 | 36.71 | 31.62% |
| PAT* | 18.95 | 25.04 | 32.14% |
| NET PROFIT MARGIN | 9.87% | 12.02% | 21.78% |
| EPS Q3 in INR* | 2 | 2.65 | 33% |
* Excludes exceptional items
Key Highlights of Premium Alco-bev Brands Performance (Q3 FY24-25):
Key Highlights of Premium Alco-bev Brands Performance (Q3 FY24-25):
- Sales Volume Growth %: Premium Alco-Bev brands achieved a significant increase of 51.87% in sales volume as compared to Q3 of FY 23-24.
- Single Malt Volume Growth %: Indri single malt witnessed an outstanding sales volume growth of 43.54% YoY.
- Revenue Growth %: Premium Alco-Bev brands achieved a significant revenue growth of 39% YoY.
| PAIL 9 MONTHS RESULTS (FY24-25 Vs FY 23-24 in INR Crore) | |||
| Particular | YTD Dec'23 FY23-24 | YTD Dec'24 FY24-25 | Growth% |
| TOTAL INCOME | 543.7 | 618.9 | 13.83% |
| EBITDA | 84.8 | 123.11 | 45.18% |
| PBT* | 59.14 | 89.83 | 51.89% |
| PAT* | 42.24 | 64.28 | 52.18% |
| EPS FY in INR* | 4.46 | 6.81 | 52.69% |
* Excludes exceptional items
Speaking on the results, Natwar Aggarwal, Chief Financial Officer, Piccadily Agro Industries Limited, said, “Our strong Q3 performance reflects the growing global demand for Indri single malt and Camikara rum. An increase of 32.14% in PAT and a 46.07% surge in EBITDA YoY, is a result of strong growth and performance of our distillery vertical. As we continue with our expansion plans, we endeavour to define the future of niche and premium alco-bev spirits in India by capitalizing on growth opportunities both organically and inorganically.”
Stock Ticker: (PICCADIL | 530305 | INE546C01010)
https://www.bseindia.com/stock-share-price/piccadily-agro-industries-ltd/piccadily-agro-inds/530305/
About Piccadily Agro Industries Limited (PAIL)
Piccadily Agro Industries Limited (PAIL) is a publicly listed company on the Bombay Stock Exchange (BSE: PICAGRO). The company operates primarily in two strategic business segments: Distillery and Sugar. Its manufacturing facility is located in Indri, Haryana, covers 168 acres and is equipped with advanced technology for producing a diverse range of products, including Malt, Extra Neutral Alcohol (ENA), Ethanol, and White Crystal Sugar.
Piccadily Agro Industries Limited has established itself as a key player in the alcoholic beverages industry, particularly renowned for its expertise in malt spirits. The company boasts a robust portfolio that includes
premium expressions of Indri single malt whisky, blended malt whisky brands and Camikara, premium sugarcane juice aged rum.
In 2022, Piccadily Agro Industries Limited made a significant mark with the launch of ‘Indri’ its flagship single malt whisky brand, aimed at catering to discerning consumers who appreciate quality and craftsmanship in spirits. By focusing on premiumization strategies and leveraging its technical capabilities, the company has successfully positioned itself as a leader in the Indian single malt whisky market by becoming the ‘fastest growing single malt whisky brand’ in 2024.
Website: www.piccadily.com