What we do Piccadily Agro Industries Ltd operates sugar mills and grain-based distilleries producing sugar, ethanol, malt spirits, and alcoholic beverages like single malt whisky and rum. |
Founded in 1,994 |
Market share Leading independent malt spirits producer in India with a growing presence in premium alco-bev segment. |
Problem solved Supports rural farmers by sourcing sugarcane, contributes to sustainable energy via ethanol production, and fulfills growing demand for premium spirits. |
Top clients or who we serve Supplies oil manufacturing companies with ethanol; serves B2C market for alcoholic beverages across India and exports to 29 countries. |
Key management Mr. Harvinder Singh Chopra, Managing Director; Mr. Dharmendra Kumar Batra, Whole-time Director |
Our journey and innovations Founded in 1994, expanded crushing capacity, launched India's fastest-growing single malt 'Indri,' and acquired a UK distillery for global expansion. |
Where we operate India (Haryana, Chhattisgarh), United Kingdom (Scotland), exports to 29 countries including USA, UAE, and Europe. |
Top products or what we offer White crystal sugar, ethanol, extra neutral alcohol (ENA), Indian Made Foreign Liquor including Indri single malt whisky, Camikara rum, Whistler blended malt whisky, and Cashmir vodka. |
Top brands Indri Single Malt Whisky - fastest-growing single malt globally; Camikara Rum - award-winning premium cane juice rum; Whistler Blended Malt Whisky; Cashmir Vodka - India's first premium organic wheat vodka. |
Raw materials needed Sugarcane, barley, molasses, grain (wheat, rice), American oak barrels for aging spirits. |
Raw materials supplier Partnered with over 5,000 local farmers for sugarcane; sources barley from Rajasthan farmers. |
Recurring vs cyclical contribution Revenue from sugar is seasonal; distillery and alco-bev revenues are recurring with growth from branded products. |
Our industry position Among India's largest independent malt spirit producers; growing market share in premium alcoholic beverages; significant presence in ethanol production. |
Financial highlights Revenue Rs. 886.3 crore with net profit Rs. 102.3 crore (FY 2024-25); earning strong EBITDA growth and PAT margin expansion in distillery segment. |
Geographical revenue split Primarily India operations; exports contribute through branded spirit sales in international markets including duty-free outlets. |
Order book - |
Whats driving growth Premiumization trend in Indian alco-bev market, capacity expansions at Indri and Chhattisgarh facilities, stronger distribution, and international market entry. |
Our future plans Scaling distillery capacity in India and Scotland, launching new premium spirits, enhancing barrel maturation, and expanding global footprint. |
Our green promise Eco-friendly sugar mill operations, zero liquid discharge facilities, and promotion of sustainable sugarcane farming practices. |
Our people and values Committed workforce with over 5,000 farmer partnerships; culture focused on innovation, quality, and sustainable growth. |
Key challenges ahead Regulatory approvals, competition in premium spirits, raw material price volatility, and global market uncertainties. |
Interesting facts Indri Single Malt won Best World Whisky Award at 2025 Las Vegas Global Spirits Awards with near-perfect score; expanding to global markets via UK distillery. |
Risks and strategy Mitigates risks through diversified product portfolio, capacity expansion, focus on branded premium segment, and strategic global acquisitions. |
