PICCADIL

Piccadily Agro Industries Ltd. announced that Infomerics Valuation and Rating Private Limited upgraded its credit ratings for bank facilities aggregating Rs. 402.73 crore (enhanced from Rs. 347.96 crore). The long-term rating was revised from IVR A-/Stable to IVR A/Stable, and the short-term rating was upgraded from IVR A2+ to IVR A1/Stable.

Piccadily Agro Industries Limited announced its participation in Centrum Broking's Nakshatra III – Shining Stars Amid Global Turbulence, a virtual conference, where it will interact with analysts and institutional investors. The meeting is scheduled to be held between May 20 and May 22, 2026. The company noted that the schedule is subject to changes due to exigencies.

Piccadily Agro Industries Limited has issued a Postal Ballot Notice to seek shareholder approval for the appointment of M/s Rattan Kaur & Associates as Statutory Auditors. This appointment is to fill the casual vacancy created by the resignation of the previous auditors, M/s. Jain & Associates. The e-voting period is from May 20, 2026, to June 18, 2026, with May 15, 2026, as the cut-off date for eligible members.

Piccadily Distillery won top honours at the London Spirits Competition and Asian Spirits Masters 2026. Indri Agneya was crowned 'Indian Single Malt Whisky of the Year' (95 points), and Cashmir Vodka received Double Gold (96 points) at the London Spirits Competition. Indri Trini, Indri Dru, and Camikara Rum 8-Year-Old secured Master Awards, while Camikara Rum 3-Year-Old won a Gold Medal at the Asian Spirits Masters. Management highlighted these awards reinforce India's growing presence in the global premium spirits market, setting new benchmarks.

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Management guided for FY27 value growth of 60-70% for its overall Alco-Bev business, primarily driven by IMFL. Long-term, the company aims for 3x-4x revenue growth in IMFL over the next 3-4 years. EBITDA is also projected to grow 60-70% in FY27, with margins expected to be similar or 50 bps higher. Current Alco-Bev EBITDA margins are ~31.5%, with IMFL premium products at 45-50%. Key growth drivers include recently commissioned distillery expansions (Indri and Chhattisgarh total capacity 450 KLPD, expected to add INR 550-700 crores revenue in FY27), a robust new product pipeline in the premium and luxury segments, and strong demand for flagship brands like Indri. FY27 Capex is guided at INR 25-30 crores, mainly for increasing barrel capacity to 100,000. The company plans to reduce short-term borrowings in FY27 by monetizing malt inventory and increased sales. Piccadily Agro is demerging its sugar business to focus on becoming a global Alco-Bev company, aiming for 50% export business and a top 5 global single malt brand position in 3-5 years. A change in statutory auditor was noted, explained as a realignment with the signing partner remaining same.

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Total Revenue ₹1,143Cr vs ₹893Cr (▲28% YoY), EBITDA ₹243.24Cr vs ₹182.52Cr (estimated ▲33.3% YoY), PAT ₹140Cr vs ₹105Cr (estimated ▲33.3% YoY). EBITDA Margin 21.3% vs 20.4% (▲84bps). The company also announced a strategic demerger of its sugar division to focus on the alco-bev business.

Piccadily Agro Industries Board met on April 28, 2026, approved Q4 & FY26 results and a scheme for demerger of its Sugar Business into Piccadily Food & Essential Limited. Statutory Auditors Jain & Associates resigned citing inability to continue, with Rattan Kaur & Associates appointed as their replacement.

The Board approved audited standalone financial results for Q4 & FY26 and a scheme to demerge the Sugar Business into Piccadily Food & Essential Limited. Statutory Auditors Jain & Associates resigned, and Rattan Kaur & Associates were recommended for appointment.

Piccadily Agro Industries Ltd. will host a conference call on April 29, 2026, at 01:00 PM (IST) to discuss the financial results for the quarter and financial year ended March 31, 2026. Registration details for the live webcast will be available on the company's website.