What’s Behind the Over 40% Drop in 'Indri' Maker Piccadily Agro Shares This Year?
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Synopsis
Piccadily Agro Industries, known for its award-winning Indri whisky, is facing significant stock declines. With a drop over 40% this year, investor concerns are mounting despite a promising premium liquor portfolio. The company aims for growth with substantial investments. Discover the challenges and future prospects of this prominent distillery.
Key Takeaways
- Shares of Piccadily Agro have fallen over 40% this year.
- Recent profit reports indicate a 7.49% YoY decline.
- Operational revenue has decreased by 4.55%.
- The company is investing over Rs 500 crore in future expansions.
- Major shareholders include Soon-N-Sure Holdings and Siddhartha Sharma.
Mumbai, June 2 (NationPress) The shares of Piccadily Agro Industries Limited, a distillery based in Haryana known for its acclaimed 'Indri' single malt whisky, have plummeted by over 40 percent this year.
On Monday, the company’s stock price fell further by 1.67 percent, equating to Rs 9.70 during intra-day trading, exacerbating the negative trend.
Despite a brief recovery—experiencing a 1.82 percent rise in the last five trading days and a 7.31 percent increase over the past month—the long-term outlook remains discouraging.
In the last six months, the stock has decreased by 24.21 percent or Rs 182.35, and it has seen a decline of 24.26 percent over the past year.
Since the beginning of 2025, the shares have dropped significantly by 40.21 percent, or Rs 384, reflecting ongoing investor apprehension.
The decline in Piccadily Agro's stock intensified following the company’s announcement of a 7.49 percent year-on-year (YoY) decrease in net profit for the March quarter (Q4 FY25), which fell to Rs 39.80 crore from Rs 43.02 crore during the same quarter the previous fiscal year (Q4 FY24).
Operational revenue also fell by 4.55 percent to Rs 271.63 crore. The situation was worsened by escalating costs, with material expenses soaring by nearly 34 percent and finance charges more than doubling.
Even with the challenging quarter, the company maintains an optimistic outlook on its premium liquor lineup. Products such as Indri and Camikara—India’s inaugural pure cane juice rum—have received international acclaim.
CFO Natwar Aggarwal recently emphasized the firm’s long-term strategy, noting an increase in EBITDA margins and ongoing investments exceeding Rs 500 crore, which includes expansion at the Indri facility and a new plant in Chhattisgarh anticipated by FY26.
Promoters possess a significant 70.97 percent stake in the company, with key shareholders like Soon-N-Sure Holdings Limited (33.46 percent) and Siddhartha Sharma (22.73 percent).
Foreign institutional investors hold a minimal 0.72 percent, while non-institutional investors represent 28.3 percent of the shareholding.
Point of View
It is crucial to recognize the complexities impacting Piccadily Agro's stock performance. While the recent financial downturn raises valid concerns, the company’s commitment to its premium liquor portfolio and future investments suggest potential for recovery. We remain dedicated to covering developments that resonate with national interests.
NationPress
08/06/2025
Frequently Asked Questions
What caused the drop in Piccadily Agro's shares?
The decline is attributed to a significant drop in net profit and rising operational costs, leading to increased investor concerns.
How much have Piccadily Agro's shares fallen this year?
The shares have decreased by over 40% since the start of the year.
What is the company's outlook despite the challenges?
Piccadily Agro remains optimistic about its premium liquor products and ongoing investments aimed at growth.
Who are the major shareholders in Piccadily Agro?
Promoters hold 70.97% stake, with Soon-N-Sure Holdings Limited and Siddhartha Sharma as major shareholders.
What recent investments has Piccadily Agro announced?
The company has planned investments over Rs 500 crore, including facility expansions and a new plant in Chhattisgarh.
