Piccadily Agro Industries Share Price Jumped 13% After Chhattisgarh Unit Starts Production

Piccadily Agro Industries share price (NSE: PICCADIL) jumped about 13% in early trade on January 1, hitting an intraday high of ₹639.35 on the BSE. The stock strongly outperformed the broader market, even as the Sensex traded almost flat.

At around 10:31 AM, the stock was up 11.3% at ₹629.80. The company’s market capitalisation stood at ₹6,163 crore, with a 52-week high of ₹989.85 and a 52-week low of ₹483.45.

What’s Driving the Rally?

The sharp rise in the stock came after the company announced the start of commercial production at its Chhattisgarh unit. The new facility has a capacity of 200 kilolitres per day (KLPD) and became operational from December 31, 2025.

The company said this move is part of its planned expansion and is expected to strengthen its manufacturing base.

Business Segments and Products

Piccadily Agro operates mainly in 2 key segments:

• Distillery
• Sugar

Its product range includes malt whisky, cask-aged rum, extra neutral alcohol (ENA), and ethanol. The company has been focusing on expanding capacity to support rising demand across these categories.

Growing Focus on Premium Spirits

The company is well known for its strength in malt spirits. Its portfolio includes premium single malt whisky, blended malt whisky, premium sugarcane juice rum, and country liquor.

Recently, its flagship brand Indri Single Malt Indian Whisky launched a special limited-edition expression exclusively for Mumbai Duty Free, further highlighting its premium positioning.

Also Read: Wipro vs Infosys: Which IT Services Company Delivered Highest Earnings in Q2FY26?

Indri’s Global Recognition

Piccadily Agro gained global attention after Indri single malt whisky was named “Best in Show” at the Whiskies of the World Awards 2023, beating well-known Scotch and Japanese whiskies. This recognition has helped the company strengthen its brand value in India and abroad.

Conclusion

Piccadily Agro Industries’ sharp stock rally reflects investor optimism after the start of production at its Chhattisgarh unit. With higher capacity, a strong premium spirits portfolio, and growing brand recognition, the company appears well placed for long-term growth.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal 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.