Piccadily Agro Industries Q2 revenue rises 19.4% on distillery growth
The Indian spirits producer is targeting more than 100,000 maturing barrels by FY27-end as it expands production capacity and strengthens its premium whisky and rum portfolio.
INDIA – Piccadily Agro Industries has reported a 19.4% year-on-year increase in revenue from operations to Rs 277.9 crore (US$29.49M) in the second quarter of financial year 2027 (Q2 FY27), driven by strong growth in its distillery business.
Revenue from the distillery segment increased 30.5% to Rs 271.3 crore (US$28.79M) during the September quarter, accounting for 97.6% of the company’s total revenue, compared with 89.3% in the corresponding period last year.
The company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 9.6% year-on-year to Rs 53 crore during the quarter. Piccadily Agro also reported higher profit after tax (PAT) for the first half of FY27 compared with the corresponding period last year, although it did not disclose the exact figure.
Chief Financial Officer Natwar Agarwal said the distillery business remained the company’s primary growth driver, with its increasing contribution to revenue reflecting its focus on building a spirits-led business.
Piccadily Agro is strengthening its position in India’s premium and luxury alcoholic beverages market through brands including Indri Single Malt, Camikara Aged Rum, Cashmir Vodka and Whistler Whisky. Its portfolio targets the premium, super-premium and luxury spirits categories.
Recent launches include Indri Ilika, developed for the travel retail market, Indri Agneya and the Indri Diwali Collector’s Edition 2026.
The Diwali edition received Double Gold with 96 points at the USA Spirits Ratings 2026 and was named Indian Single Malt Whisky of the Year and Spirit of the Year for India.
Indri Agneya also received the Indian Single Malt Whisky of the Year recognition at the London Spirits Competition 2026.
The company is investing in expanding its distillery operations, including its Chhattisgarh facility, to increase production capacity and support planned product launches. It also intends to strengthen distribution across domestic and international markets.
As part of its expansion strategy, Piccadily Agro has raised its spirit maturation target to more than 100,000 barrels by the end of FY27, revising its previous target of 100,000 barrels. Its maturation capacity had reached 96,000 barrels at the time of the announcement.
The company plans to increase the contribution of branded spirits to its overall business through capacity expansion, new product introductions and wider market distribution.
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