Piccadily Agro Industries shares surged to over one-month highs on Thursday after the Indri whisky maker announced the commencement of commercial production at its new Chhattisgarh facility. The stock jumped as much as 13.90% during trading, reflecting investor optimism about the company's expanded manufacturing capabilities.

New Production Facility Operational

The company officially started commercial operations at its Chhattisgarh unit with effect from December 31, 2025. The new facility brings significant production capacity to the company's operations.

According to the company's exchange filing, "The commencement of production is in line with the Company's planned expansion and is expected to strengthen its manufacturing capabilities."

Indri Brand Achieves Market Leadership

The company's flagship brand Indri has established itself as a market leader in the Indian single malt whisky segment. In 2024, Indri achieved the milestone of selling 20 lakh bottles, equivalent to 1,70,000 nine-liter cases, making it the largest-selling single malt in India and the fastest-selling Indian single malt whisky worldwide.

The International Wine & Spirits Record (IWSR) has officially certified Indri as the "Number 1 Malt Whisky in India," outpacing both domestic and international competitors by a significant margin. This achievement positions Indri as the first Indian malt brand capable of competing with global giants on the world stage.

Stock Performance

Piccadily Agro shares reached ₹378.45 during Thursday's trading session, marking the highest level since November 12. The stock later traded 13.38% higher at ₹641.55 as of 11:19 a.m., significantly outperforming the NSE Nifty 50 Index, which advanced just 0.15%.

Despite Thursday's strong performance, the stock has declined 6.65% over the last 12 months and 20.28% year-to-date. The significant trading volume, at 61 times the 30-day average, indicates heightened investor interest following the production announcement.

Piccadily Agro Industries Limited has officially commenced commercial production at its new distillery unit in Chhattisgarh, marking a significant milestone in the company's expansion plans. The facility began operations on December 31, 2025, as announced to the stock exchanges under regulatory compliance requirements.

Production Capacity and Operations

The newly operational Chhattisgarh distillery unit has been designed with a substantial production capacity, positioning the company for enhanced market presence.

Strategic Expansion Initiative

The commencement of operations at the Chhattisgarh facility represents a planned expansion initiative by Piccadily Agro Industries. The company has indicated that this development is expected to strengthen its manufacturing capabilities significantly. The new unit adds to the company's existing production infrastructure, enhancing its overall capacity in the alcoholic beverages sector.

Regulatory Compliance

Piccadily Agro Industries has fulfilled its disclosure obligations by informing both the National Stock Exchange and BSE Limited about this operational milestone. The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders and regulatory authorities.

Manufacturing Enhancement

With the Chhattisgarh unit now operational, Piccadily Agro Industries has expanded its manufacturing footprint. The 200 KLPD capacity facility is expected to contribute to the company's production capabilities and support its growth objectives in the distillery segment. The successful commencement of commercial operations demonstrates the company's ability to execute its expansion plans effectively.