Piccadilly Agro can turn out to be a good Investment pick :
Crossed ₹1,000 Cr revenue milestone with FY26 revenue of ₹1,143 Cr.
Major capacity expansion completed:
ENA/Ethanol: 78 KLPD to 220 KLPD
Malt: 12 KLPD to 30 KLPD
New 200 KLPD Chhattisgarh distillery commissioned.
Total distillery capacity now stands at 450 KLPD.
Sugar business demerger underway, creating a focused premium Alco-Bev company. Pure Alcohol companies demand higher PE.
Management expects FY27 to be an "exceptional year" and has guided for 60-70% growth in the Alco-Bev business.
Exports contribute : 25% of IMFL sales today, with a long-term target of 50%.
Barrel inventory stands at : 85,000 barrels and is expected to cross 100,000 this year, strengthening future premium whisky supply.
With most large capex behind them and FY27 capex guided at only ₹25-30 Cr, the focus now shifts from capacity creation to capacity monetization.