Piccadily Agro Industries Limited (PAIL), India’s fastest-growing premium alco-bev manufacturer, delivered a standout Q3 FY26, powered by surging demand for its single malt and premium portfolio, driving robust growth and performance.

Financial Highlights – Q3 FY26 (YoY comparison)

• Revenue from Operations stood at INR 313.80 crore, registering a robust 52.5% growth over INR 205.72 crore in Q3 FY25.


• EBITDA increased to INR 79.70 crore, from 50.87 crore, up 56.7% YoY, reflecting improved operating leverage and a richer product mix.


• Profit Before Tax (PBT) rose sharply by 85.3% YoY to INR 68.03 crore.


• Profit After Tax (PAT) nearly doubled to INR 48.14 crore, a 92.2% YoY increase.


• Net Profit Margin grew from 12.18 % to 15.3%, a 26% rise.


• Earnings Per Share (EPS) climbed to INR 4.89, up 83.8% YoY.

On a sequential basis, Q3 FY26 revenue grew 34.9% over Q2 FY26, while PAT increased 80.9%, underlining sustained momentum across operations.

Distillery segment remained the key growth driver, contributing INR 284.97 crore, accounting for 91% of total revenue, with 54.9% YoY growth.

9M FY26 Performance

For the nine months ending FY26, the Company reported:

• Revenue of INR 775.50 crore, up 26.2% YoY


• PBT of INR 129.00 crore, up 43.6% YoY


• PAT of INR 93.65 crore, up 45.7% YoY

Piccadily’s performance reflects its successful transformation into a fully integrated, brand-led premium spirits player. Higher contribution from its premium portfolio continues to drive margin expansion, supported by strong consumer demand.

The company’s ongoing expansion plan—including capacity enhancement at its Indri facility, the greenfield facility at Mahasamund, Chhattisgarh and continued investments in barrels and maturation infrastructure—remains on track, positioning Piccadily for achieving its long-term goals.

Commenting on the results, Natwar Aggarwal, Chief Financial Officer, Piccadily Agro Industries Limited, said: “Our Q3 FY26 result shows the strength of our brand-led strategy and disciplined execution. With revenue growth of over 52% and PAT growth of more than 92% year-on-year, we are seeing the benefits of premiumization and scale in our distillery business. As new capacities come on stream and our aged inventory matures, we remain confident of delivering 3-4X growth over the next three to five years while building Indri into one of the world’s leading single malt whisky brands.”

Piccadily has established a domestic presence across 27 Indian states and is currently present in 29 international markets and 28 travel retail outlets, with Indri, Camikara and Cashmir – all in the super premium luxury categories gaining traction in many global geographies. To support this scale, the Company is expanding capacity, looking for new synergies along with strengthening its leadership and operating teams across key functions.

Stock Ticker:

BSE (PICCADIL | 530305 | INE546C01010)

https://www.bseindia.com/stock-share-price/piccadily-agro-industries-ltd/piccadily-agro-inds/530305/

NSE Piccadily Agro Industries Limited (INE546C01010)

https://www.nseindia.com/get-quotes/equity?symbol=PICCADIL

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