Piccadily on high growth trajectory

New Update
Piccadily on high growth trajectory

Piccadily Agro Industries Limited (PAIL) reported a whopping revenue surge of Rs. 829 crores for the financial year ended 31st March 2024. This is up by 30 percent against the financial year ended on 31st March 2023.

The company’s profit after tax (PAT) escalated 354 percent YoY to reach Rs. 112 crores. However, the company accounted net profit margin of 13.53 percent, and a growth of 249 percent from that of the last fiscal year. PAIL has achieved a revenue of Rs 285 crores with an unprecedented revenue growth of 37 percent YoY in Q4 2023-24 and an increase in profitability of 585 percent YoY in the same quarter, which reached Rs 43.50 crores.

Piccadily’s distillery division contributed 67 percent in PAIL's total revenue collection in the financial year ended on 31st March. Piccadily Distilleries produces the award-winning single malt whisky Indri and Camikara rum.

Speaking on the results, Dharmendra Kumar Batra, Whole Time Director, Piccadily Agro Industries Limited, said, “We are thrilled to announce a phenomenal quarter, capping off a year of exceptional performance. Surpassing 1,00,000 cases at record speed, we have earned the esteemed title of the world's fastest-growing single malt whisky. This achievement is a testament to the dedication and talent of our team. Looking forward, we are energised by our future initiatives aimed at sustaining profitable growth and creating strong value for our shareholders.”