Piccadily Agro Q3 FY26: Revenue Up 51.3% to ₹315.2 Cr, PAT Grows 92.3% to ₹48.1 Cr
Piccadily Agro reported Q3 FY26 total income of ₹315.2 crore, a 51.3% YoY increase. PAT surged 92.3% to ₹48.1 crore, with EPS at ₹4.89. For 9M FY26, income rose 25.9% to ₹779.2 crore, and PAT grew 45.7% to ₹93.6 crore. Promoters subscribed ₹50 crore via warrants. Expansions at Indri and Chhattisgarh facilities completed.
The substantial increase in revenue and profit, coupled with strategic capacity expansions and strong management outlook, indicates a significant positive impact on the company's financial performance and future growth prospects.
The company reported significant year-on-year growth in total income and PAT, along with positive commentary on volume growth, capacity expansions, and new product launches.
Piccadily Agro Industries Limited announced its unaudited financial results for the nine months and quarter ended December 31, 2025. The company reported a significant 51.3% year-on-year growth in total income for the third quarter, reaching ₹315.2 crore, compared to ₹208.3 crore in the same period last year. Profit After Tax (PAT) surged by 92.3% year-on-year to ₹48.1 crore for Q3 FY26, up from ₹25.0 crore in Q3 FY25. Earnings Per Share (EPS) also saw a substantial increase of 83.8% to ₹4.89.
For the nine months ended December 31, 2025 (9M FY26), total income grew by 25.9% to ₹779.2 crore. PAT for the nine-month period increased by 45.7% to ₹93.6 crore. The company highlighted that the decrease in finance costs in Q3 FY26 was due to the conversion of CCDs into equity and lower working capital loans for the sugar segment.
Management's Message indicated strong growth in the alco-bev volumes, up by over 70% year-on-year in Q3, driven by improved supply and seasonal strength. The commissioning of expansions at the Indri and Chhattisgarh facilities was completed within estimated cost and timeframes, which are expected to enhance supply and support growth plans for alco-bev products. Progressive revenue contribution from these expansions is anticipated starting April 2026.
Key business highlights include the completion of expansions at the Indri and Chhattisgarh facilities, aimed at increasing manufacturing and storage capacity. The Indri facility aims to be among the top 5 single malts globally, with excise approval for full capacity utilization in progress. The Chhattisgarh facility will produce a mix of IMFL, ENA, and Ethanol, crucial for national expansion. The company also noted the successful subscription of warrants aggregating ₹50 crore by the Promoters, enhancing financial stability. Maturation capacity has been enhanced with 80,800 barrels, and procurement is ongoing. Distribution networks have been strengthened across 29 states and UTs in India and 29 countries globally. Several new products and editions were launched, including Indri Agneya, Indri Dubai City Series Edition, Cashmir Vodka, Indri Diwali Collector’s Edition 2025, and Indri Mumbai City Series Edition.
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