Piccadily Agro Industries Limited (PICCADIL) — Financial Results | 17 August 2026

Piccadily Agro Industries reported Q1 FY27 revenue growth of 8.1% YoY to ₹82 crores, driven by 47.3% growth in branded alco-bev revenue contributing 43.5% of distillery sales. EBITDA rose to ₹47 crores with margin expanding 30 bps to 18.5%, while PAT grew 15.4% YoY. Management targets FY27 revenue growth of 60-70% and EBITDA margin of 23-24%, supported by premiumization, international expansion, and capacity utilization reaching 80% at new 30KL facility. Capacity utilization in Chhattisgarh is expected to hit 50% by year-end, with Indri targeting 500,000 cases by 2029. Debt reduced by ₹10 crores this quarter, and receivables shortened to 100 days.