Piccadily Agro Industries Ltd reported an 18.1 per cent year-on-year rise in revenue from operations to ₹270 crore in Q1 FY27, with its distillery segment emerging as the primary growth engine, growing 26.3 per cent to ₹206 crore.
EBITDA rose 21 per cent to ₹47.2 crore, with margins expanding 30 basis points to 18.5 per cent. Net profit grew 15.4 per cent to ₹21.8 crore, while earnings per share rose 10.5 per cent to ₹2.21. The sugar vertical posted a 2 per cent decline in revenue to ₹64.8 crore.
The company’s Branded Alcobev business, comprising premium, super-premium and luxury products under the Indri, Camikara, Cashmir and Whistler labels, grew 47.3 per cent to ₹82 crore, now accounting for 43.5 per cent of distillery revenue, up from 37.8 per cent in the year-ago period. Overall branded alcobev volumes grew 56 per cent year-on-year in the quarter.
In a conversation with businessline, CFO Natwar Aggarwal said the company was “not simply volume led,” adding that the focus remained on “growing the value and profitability of every case we sell.” Aggarwal noted that the 21 per cent EBITDA growth reflected “the benefit of this improving mix alongside operating leverage.”
The company’s Chhattisgarh facility at Mahasamund, which commenced commercial operations in June 2026, is expected to scale over the next three quarters, expanding reach across central, eastern and select southern Indian markets. Aggarwal said early demand trends were “encouraging” and that the company was “taking a calibrated approach to utilisation rather than pursuing volume at the expense of profitability.”
