Piccadilly Agro Q3 FY26 Earnings Results: Profit Jumps 92% as Premium Spirits Drive Strong Growth

Piccadilly Agro Industries Ltd delivered an impressive performance in the December quarter (Q3 FY26), supported by strong demand for its premium alco-beverage portfolio, especially single malt whisky and other high-end brands.

Revenue from operations rose sharply by 52.5% year-on-year to ₹313.8 crore, compared with ₹205.7 crore in Q3 FY25, reflecting robust volume growth and premiumisation.

Profitability Improves Significantly

The company’s operating performance strengthened during the quarter. EBITDA increased 56.7% YoY to ₹79.7 crore, supported by better operating leverage and a richer product mix.

• Profit Before Tax (PBT) jumped 85.3% YoY to ₹68.03 crore
• Profit After Tax (PAT) nearly doubled, rising 92.2% YoY to ₹48.14 crore
• Net profit margin improved from 12.18% to 15.3%
• Earnings per share (EPS) climbed 83.8% YoY to ₹4.89

On a sequential basis, revenue grew 34.9% over Q2 FY26, while PAT surged 80.9%, indicating strong business momentum.

9M FY26 Performance Snapshot

For the nine months ended FY26, Piccadilly Agro reported:

• Revenue: ₹775.5 crore, up 26.2% YoY
• PBT: ₹129 crore, up 43.6% YoY
• PAT: ₹93.65 crore, up 45.7% YoY

The numbers highlight the company’s steady transition into a brand-led, premium spirits player.

Global Presence and Brand Strength

Piccadilly Agro operates across 27 Indian states and has a presence in 29 international markets and 28 travel retail outlets. Its premium brands, Indri, Camikara and Cashmir, continue to gain traction both in India and overseas.

Also Read: Best Long-Term Stocks in Jan 2026 – 5yr CAGR Basis!

Piccadilly Agro Industries Share Price Movement

Piccadilly Agro Industries share price (NSE: PICCADIL)  surged 7.35% on Wednesday, trading at ₹595 in afternoon deals on January 21. The stock opened at ₹546.05 and touched an intraday high of ₹634.90 and a low of ₹542.25. The company’s market capitalisation stood at around ₹5.86 lakh crore, with the stock trading at a P/E ratio of 51.69. Piccadilly Agro is currently near its 52-week low of ₹533.15, while its 52-week high is ₹805.50.

Conclusion

Piccadilly Agro’s Q3 FY26 results underline the strength of its premium-focused strategy. With rising demand, expanding capacities and improving margins, the company appears well-positioned for sustained growth in the premium spirits segment over the coming years.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.