Piccadily Agro hits another 20% circuit as Indian whiskey maker wins global laurel

Indri Diwali Collector’s Edition 2023, an Indian Whiskey made by the company, recently won the ‘Best in Show, Double Gold’ title at the 2023 Whiskies of the World Awards

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26 Aug, 2025 12:21

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Shares of the distilleries company Piccadily Agro Industries hit the upper circuit on October 4 again, with the stock surging by another 20 percent on the back of winning a global award.

Indri Diwali Collector’s Edition 2023, an Indian Whiskey made by the company, recently won the ‘Best in Show, Double Gold’ title at the 2023 Whiskies of the World Awards.

The stock traded at Rs 165.45, up 19.98 percent as of 3 pm.

The Whiskies of the World Award is one of the largest whiskey-tasting competitions in the world. Over 100 varieties of whiskey from all over the world are judged in the event, which is held annually.

The Indri brand was launched in 2021 from the Piccadilly Distilleries in Haryana.

Also Read: From wedding rituals to fancy distilleries, Asia is taking over the world’s whiskey market

Piccadilly Agro Industries was incorporated in 1994. The company’s main business is in the sugar and distillery segments. It sells sugar, molasses, power and bagasse in the former and liquor, malt, carbon dioxide gas and ethanol in the latter segment. It also has a sugar mill at Karnal (Haryana) which houses the sugar production unit, distillery unit, and a malt plant.

In its quarterly results ending in June 2023, the company’s net sales increased by 24.33 percent to Rs 228.95 crore while its net profit rose by 45.06 percent to Rs 10.96 crore. Its EBITDA also went up by 40.24 percent to 24.64 crore.

Shares of Piccadilly Agro Industries have more than tripled in value since the beginning of this year. The stock has given a return of 213 percent year-to-date.