Piccadily Agro FY24 Result: PAT Jumps 354% YoY to Rs. 112 Crores; Annual revenue rises 30% to Rs. 829 Crores
22.04.2024 - 21:00:43
up 30% from a year ago.
The company has achieved revenue of INR 285 crores with an unprecedented revenue growth of 37% YoY in Q4 and an increase in profitability of 585% YoY to INR 43.50 crores in Q4, showcasing its resilience and strategic prowess in navigating challenging market conditions.
67% of the revenue was contributed by the companyâs distillery division, Piccadily Distilleries, makers of the award-winning single malt whisky Indri and Camikara rum.
Full Year Fiscal 2024 Financial Highlights
Fourth Quarter Fiscal 2024 Financial Highlights
Key Highlights:
Financial Outlook:
Speaking on the results, Dharmendra Kumar Batra, Whole Time Director, Piccadily Agro Industries Limited, said âWe're thrilled to announce a phenomenal quarter, capping off a year of exceptional performance. Surpassing 1,00,000 cases at record speed, we've 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're energized by our future initiatives aimed at sustaining profitable growth and creating strong value for our shareholders.â
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Stock Ticker: (PICCADIL | 530305 | INE546C01010)
https://www.bseindia.com/stock-share-price/piccadily-agro-industries-ltd/piccadily-agro-inds/530305/
About Piccadilly Agro Industries Limited:
Piccadily Agro Industries Limited (PAIL), a Public Limited Company was incorporated in the year 1994. The company stands as Indiaâs premier independent producer and distributor of malt spirits, boasting an extensive portfolio that includes the award-winning single malt whisky Indri and a variety of IMFL brands. Beyond spirits the company is also a significant manufacturer of Ethanol, Extra Neutral Alcohol (ENA), CO2 and white crystal sugar.Â
Website: www.picagro.com
The company has achieved revenue of INR 285 crores with an unprecedented revenue growth of 37% YoY in Q4 and an increase in profitability of 585% YoY to INR 43.50 crores in Q4, showcasing its resilience and strategic prowess in navigating challenging market conditions.
67% of the revenue was contributed by the companyâs distillery division, Piccadily Distilleries, makers of the award-winning single malt whisky Indri and Camikara rum.
Full Year Fiscal 2024 Financial Highlights
- Revenue â INR 829 crores
- Net Profit â INR 112 crores
- Net Profit Margin â 13.53%, a growth of 249% from last fiscal year
- EBITDA â INR 151 crores
- EPS â INR 11.89, growth of 356% YoY
Fourth Quarter Fiscal 2024 Financial Highlights
- Revenue â INR 285 crores
- Net Profit â INR 43.50 crores
- Net Profit Margin â 15.25%, growth of 400% YoY
- EBITDA â INR 68 crores
- EPS â INR 4.61, growth of 588% YoY
Key Highlights:
- Indri Diwali Collectorâs Edition 2023 was adjudged as the âBest Whisky In The Worldâ at the Whiskies of the World Awards 2023, beating global and reputed brands.
- Crossed a historic milestone achievement of selling over 1,00,000 cases (9lts per case) in FY 23-24 to become the âfastest growing single malt whisky in the world.â
- Captured 30% of the Indian single malt whisky market in India.
- Becomes the largest exporter of Indian single malts from India with 35% share of total volumes.
- Expanded domestic market presence to 21 states in India and to 21 markets overseas.
- Expanded its presence at the global travel retail.
- Introduced and opened CSD channel for Indri single malt whisky
Financial Outlook:
- PAIL has set out an aggressive roadmap for a large expansion in the malt space in India and overseas.
- The company envisions opening a distillery in Scotland.
Speaking on the results, Dharmendra Kumar Batra, Whole Time Director, Piccadily Agro Industries Limited, said âWe're thrilled to announce a phenomenal quarter, capping off a year of exceptional performance. Surpassing 1,00,000 cases at record speed, we've 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're energized by our future initiatives aimed at sustaining profitable growth and creating strong value for our shareholders.â
Â
Stock Ticker: (PICCADIL | 530305 | INE546C01010)
https://www.bseindia.com/stock-share-price/piccadily-agro-industries-ltd/piccadily-agro-inds/530305/
About Piccadilly Agro Industries Limited:Piccadily Agro Industries Limited (PAIL), a Public Limited Company was incorporated in the year 1994. The company stands as Indiaâs premier independent producer and distributor of malt spirits, boasting an extensive portfolio that includes the award-winning single malt whisky Indri and a variety of IMFL brands. Beyond spirits the company is also a significant manufacturer of Ethanol, Extra Neutral Alcohol (ENA), CO2 and white crystal sugar.Â
Website: www.picagro.com
