Piccadily Agro reports 37% EBITDA growth in Q1

Piccadily Agro Industries reported total income of ₹230 crore for Q1 FY26, up 9.9% year-over-year. EBITDA surged 36.4% to ₹39 crore, with margins improving 330 basis points to 17%. Net profit grew 32.2% to ₹19 crore.

The distillery vertical drove growth with 36.6% revenue increase and 38.6% higher IMFL volumes. New products launched include Indri Agneya, Indri Dubai City Series Edition, and Cashmir Vodka.

The company is expanding distillery capacity, targeting ENA capacity increase from 78 KLPD to 220 KLPD and malt capacity from 12 KLPD to 30 KLPD.