Piccadily Agro Industries Limited has announced a historic milestone for its Indri single malt whisky, solidifying its position as a dominant player in the Indian and global whisky market. The company's flagship brand has not only become India's largest-selling single malt but has also earned the title of the fastest-selling Indian single malt globally.

Record-Breaking Sales

Indri single malt whisky achieved remarkable sales of 2.04 million bottles, equivalent to 170,000 9-liter cases. This impressive figure comprises 124,000 cases sold domestically and 46,000 cases in overseas markets, showcasing the brand's strong appeal both at home and abroad.

Industry Recognition

The International Wine & Spirits Record (IWSR), a globally respected authority on alcohol consumption data, has certified Indri as the "No.1 malt whisky in India." This recognition places Indri ahead of both domestic and international competitors, cementing its status in the premium spirits category.

Factors Behind Success

Praveen Malviya, CEO (IMFL) of Piccadily Agro Industries Limited, attributed the brand's success to several key factors:

1. Liquid quality and customer satisfaction
2. Use of Indian ingredients and local barley
3. Unique flavor profile imparted by the distinctive terroir

"We have strived to make a single malt that is second to none, while staying true to our heritage and provenance, and keeping Indian ingredients at the core of all our products," Malviya stated.

Product Range and Accolades

Indri's product lineup includes:

• Indri-Trini: A three-wood matured expression
• Indri-Dru: A cask strength offering
• Indri Diwali Collector's Editions: Known for commanding premiums in the secondary market
• Indri Founder's Reserve 11YO: An ultra-premium expression

These expressions have consistently won gold medals and top honors at prestigious global spirits competitions, including the title of "Best in the World."

Company Background

Piccadily Agro Industries Limited, a publicly listed company, operates its manufacturing facility in Indri, Haryana. Spread across 168 acres, the facility produces a range of products including malt, alcohol, ethanol, and sugar. The company launched Indri in 2022, marking its entry into the premium single malt whisky market.

Future Aspirations

With this achievement, Piccadily Agro Industries Limited has set its sights on even loftier goals. The company aims to position Indri among the top 5 selling single malt brands globally in the coming years, further establishing India's presence on the world whisky stage.

As Indri continues to gain recognition and market share, it not only represents a success story for Piccadily Agro Industries Limited but also showcases the potential of Indian-made premium spirits in the global market.

Piccadily Agro Industries , a prominent player in the agro-industrial sector, has announced its unaudited financial results for the first quarter, showcasing robust growth in both revenue and profitability.

Financial Highlights

• Total Income: The company reported a total income from operations of Rs. 22,899.88 lakhs for the quarter, marking a 9.9% increase from Rs. 20,838.08 lakhs in the corresponding quarter of the previous year.

• Net Profit: Net profit after tax stood at Rs. 1,846.74 lakhs, representing a significant year-on-year growth of 33.7% compared to Rs. 1,381.60 lakhs in the same quarter of the previous fiscal year.

• Earnings Per Share (EPS): The basic earnings per share improved to Rs. 1.95, up from Rs. 1.46 in the same quarter last year, reflecting a 33.6% increase.

Key Financial Metrics

Corporate Governance and Disclosure

The financial results were reviewed by the audit committee and subsequently approved by the board of directors in their respective meetings. In compliance with regulatory requirements, Piccadily Agro Industries published these results in Business Standard newspapers, both in English and Hindi editions.

Capital Structure

The company's equity share capital remained unchanged at Rs. 9,501.13 lakhs, indicating stability in its capital structure.

Management Commentary

While specific management comments were not provided in the available data, the substantial increase in net profit despite a moderate rise in total income suggests improved operational efficiency and cost management by the company during the quarter.

Investor Insights

The significant growth in profitability and earnings per share may be viewed positively by investors, potentially indicating the company's ability to enhance shareholder value. However, investors are advised to consider broader market conditions and industry trends when evaluating the company's performance.

Regulatory Compliance

In adherence to the Securities and Exchange Board of India (SEBI) regulations, Piccadily Agro Industries has ensured timely disclosure of its financial results. The company's commitment to transparency is evident in its prompt publication of results in national newspapers and submission to stock exchanges.

As Piccadily Agro Industries continues to demonstrate strong financial performance, stakeholders will likely keep a close watch on the company's strategies for sustaining this growth trajectory in the coming quarters.