reported a 92 per cent surge in net profit for the third quarter of fiscal year 2026, driven by strong demand for its premium alcoholic beverage portfolio.
The New Delhi-based company posted a profit after tax of ₹48.14 crore for Q3 FY26, up from ₹25.04 crore in the same period last year. Revenue from operations rose 52.5 per cent to ₹313.80 crore, compared to ₹205.72 crore in Q3 FY25.
The distillery segment dominated performance, contributing ₹284.97 crore or 91 per cent of total revenue, marking a 54.9 per cent year-on-year increase. Net profit margin expanded from 12.18 per cent to 15.3 per cent, reflecting improved profitability from the company’s shift toward premium products.
EBITDA grew 56.7 per cent to ₹79.70 crore, while profit before tax jumped 85.3 per cent to ₹68.03 crore. Earnings per share climbed to ₹4.89 from ₹2.66 in the previous year.
Sequential growth remained robust, with Q3 revenue up 34.9 per cent over the second quarter and profit after tax rising 80.9 per cent quarter-on-quarter.
For the nine-month period ending December 2025, Piccadily recorded revenue of ₹775.50 crore, up 26.2 per cent year-on-year. Nine-month profit after tax stood at ₹93.65 crore, a 45.7 per cent increase.
Chief Financial Officer Natwar Aggarwal attributed the performance to the company’s brand-focused strategy and premiumisation efforts. He projected 3-4 times growth over the next three to five years as new capacity comes online and aged inventory matures.
The company manufactures premium spirits including Indri Single Malt, Camikara Aged Rum, and Cashmir Vodka. Its products are distributed across 27 Indian states, 29 international markets, and 28 travel retail outlets.
Piccadily is expanding capacity at its Indri facility in Haryana and building a greenfield plant in Mahasamund, Chhattisgarh, while investing in barrel and maturation infrastructure to support growth.
The shares of Piccadily Agro Industries Limited ended on the today at ₹612 up by ₹57.75 or 10.42 per cent.