Piccadily Agro Industries sees strong H1 FY26 growth, driven by distillery

Piccadily Agro Industries Limited announced strong Q2 and H1 FY26 financial performance, with revenue up 12.9% to ₹461.7 crore in H1 FY26. Q2 revenue surged by 16% year-over-year to ₹232.7 crore, while sequential Net Profit (PAT) increased by 40.72%. EBITDA for H1 FY26 grew 21% to ₹87.46 crore, with PAT rising 16% to ₹45.51 crore, and EPS at ₹4.74, up 13.94%. The company also saw a Net Profit Margin of 9.9%, up 2.74%.

The distillery segment remains a key growth driver, with the expansion project at Indri for Malt and ENA/Ethanol capacity now commissioned. The company is actively procuring barrels to meet increasing demand and is on track with expansions in Chhattisgarh and Portavadie, Scotland. Products continue to win international awards, including the Indri Diwali Collector's Edition 2025 Marsala Cask Finish receiving top honors as the Best World Whisky at the 2025 Las Vegas Global Spirits Awards.

Piccadily Agro Industries is also exploring opportunities in its sugar business and considering organic and inorganic growth in the alco-bev and ready-to-drink (RTD) sectors. The company's focus on premiumization and brand building is enhancing its market presence domestically and internationally.