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Piccadily Agro Industries Ltd

Q2 FY26Beverages

Piccadily Agro Industries Q2 FY26: Revenue ₹232.7 Cr, PAT ₹26.7 Cr

Q2 FY26 investor presentation: what the company reported on revenue, margins and projects.

Price₹590
Market cap₹5.8K Cr
P/E41.4
Updated16 Oct 2026
Read4 min read

Based on Piccadily Agro Industries Ltd's Q2 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.

The short version

Q2 FY2025-26 Revenue from operations: ₹232.7 crore, up 16.1% YoY - Distillery revenue: ₹207.9 crore, up 12.4% YoY - Sugar revenue: ₹24.8 crore, up 59.0% YoY - H1 FY2025-26 Revenue from opera EBITDA for Q2 FY2025-26: ₹48.4 crore, up 11.0% YoY (Page 8) - EBITDA Margin for Q2 FY2025-26: 20.7%, down 90 bps YoY (Pages 6, 7, 8) - Profit After Tax (PAT) for Q2 FY2025-26: ₹26.7 crore, up 7.1% YoY (Pages 6, 8) - PAT Margin for Q2 FY2025-26: 11.4%, down 100 bps YoY (Page 8) - Operating margin outlook: Distillery EBITDA margin expected to depend on the share of IMFL sales (Page 13).

From Piccadily Agro Industries Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • Q2 FY2025-26 Revenue from operations: ₹232.7 crore, up 16.1% YoY
  • Distillery revenue: ₹207.9 crore, up 12.4% YoY
  • Sugar revenue: ₹24.8 crore, up 59.0% YoY
  • H1 FY2025-26 Revenue from operations: ₹461.7 crore, up 12.9% YoY
  • Distillery revenue: ₹370.7 crore, up 21.9% YoY
  • Sugar revenue: ₹91 crore, down 13.2% YoY
  • EBITDA for Q2 FY26: ₹48.4 crore, up 11.0% YoY
  • EBITDA margin: 20.7%, down 90 bps YoY
  • Outlook: Distillery growth expected to pick up in H2 FY26; IMFL sales, which have better margins, expected to increase in H2

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Profitability & Margins

See what Piccadily Agro Industries Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Indri, Haryana Expansion
  • Capacity increase: Distillery from 78 KLPD to 220 KLPD for ENA; malt from 12 KLPD to 30 KLPD.
  • Barrel storage increased from 45,000 to 100,000 barrels.
  • Expansion completed; excise approval awaited/expected in Q3 FY26.
  • Barrels at 77,500+ as of Sept 30, 2025; procurement ongoing to reach 100,000 barrels by March 2027.
  • Mahasamund, Chhattisgarh
  • Setting up 210 KLPD distillery for ENA/Ethanol.
  • Work-in-progress; expected commissioning in H2 FY26.
  • Portavadie, Scotland
  • New malt distillery marking global expansion.
  • Evaluation of plant and machinery in progress.
  • Likely commissioning in FY27.
  • Financial

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Top-ranked in Beverages

Ranked on what management guided this quarter

Guidance-ranked
1Varun Beverages
Rev 2Mar 3
Rev 2Mar 3
3
Rev 3Mar 1
4
Rev 3Mar 1
5
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Piccadily Agro Industries Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The presentation does not explicitly mention any specific details regarding order book, order inflow, or pending orders. Based on the content provided across all relevant pages: - No direct references to the status or value of order book or order inflow were found. - No figures or commentary on pending orders or backlogs were mentioned. - The presentation focuses on financial performance, expansion updates, brand building, and capex milestones rather than order flows. Therefore, the investor presentation does not report any information about order book, order inflow, or pending orders.

Piccadily Agro Industries Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹335 Cr, net profit ₹45 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Piccadily Agro Industries Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Piccadily Agro Industries Ltd Q2 FY26 results?

Q2 FY2025-26 Revenue from operations: ₹232.7 crore, up 16.1% YoY - Distillery revenue: ₹207.9 crore, up 12.4% YoY - Sugar revenue: ₹24.8 crore, up 59.0% YoY - H1 FY2025-26 Revenue from opera EBITDA for Q2 FY2025-26: ₹48.4 crore, up 11.0% YoY (Page 8) - EBITDA Margin for Q2 FY2025-26: 20.7%, down 90 bps YoY (Pages 6, 7, 8) - Profit After Tax (PAT) for Q2 FY2025-26: ₹26.7 crore, up 7.1% YoY (Pages 6, 8) - PAT Margin for Q2 FY2025-26: 11.4%, down 100 bps YoY (Page 8) - Operating margin outlook: Distillery EBITDA margin expected to depend on the share of IMFL sales (Page 13).

What is Piccadily Agro Industries Ltd share price analysis?

Piccadily Agro Industries Ltd currently shows a neutral. The stock trades at a P/E of 41.4 with a market cap of ₹5,816 Cr. Investors should review the full earnings analysis for detailed insights.

Is Piccadily Agro Industries Ltd planning capital expenditure?

Indri, Haryana Expansion - Capacity increase: Distillery from 78 KLPD to 220 KLPD for ENA; malt from 12 KLPD to 30 KLPD.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.