Piccadily Agro FY24 Result: PAT Jumps 354% YoY to Rs. 112 Crores; Annual revenue rises 30% to Rs. 829 Crores
Piccadily Agro Industries Limited (PAIL), today reported revenue for the year ended March 31, 2024, of INR 829 crores up 30% from a year ago.Business Wire India
Piccadily Agro Industries Limited (PAIL), today reported revenue for the year ended March 31, 2024, of INR 829 crores 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 company’s distillery division, Piccadily Distilleries, makers of the award-winning single malt whisky Indri and Camikara rum.
Full Year Fiscal 2024 Financial Highlights
- Revenue – INR 829 crores
- Net Profit – INR 112 crores
- Net Profit Margin – 13.53%, a growth of 249% from last fiscal year
- EBITDA – INR 151 crores
- EPS – INR 11.89, growth of 356% YoY
Fourth Quarter Fiscal 2024 Financial Highlights
- Revenue – INR 285 crores
- Net Profit – INR 43.50 crores
- Net Profit Margin – 15.25%, growth of 400% YoY
- EBITDA – INR 68 crores
- EPS – INR 4.61, growth of 588% YoY
- Indri Diwali Collector’s Edition 2023 was adjudged as the ‘Best Whisky In The World’ 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 ‘fastest growing single malt whisky in the world.’
- 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.
Stock Ticker: (PICCADIL | 530305 | INE546C01010)
https://www.bseindia.com/stock-share-price/piccadily-agro-industries-ltd/piccadily-agro-inds/530305/
Published from businesswireindia.