Piccadily Agro Industries Limited · NSE:PICCADIL
Piccadily Agro Industries — Q4 FY2025 Earnings Presentation
40 slides from Piccadily Agro Industries's earnings presentation, Feb 21, 2025
Slide 1: Filing cover letter to BSE
Dated: 21.02.2025 To, BSE Limited 25th Floor, Pheroze Jeejebhoy Towers Dalal Street, Mumbai – 400 001 BSE Scrip Code : 530305 Subject: Investor Presentation on Unaudited Financial Results for the Quarter and Year ended Mar 31, 2025 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Oblig
Slide 2: Q4 and FY2024-25 Earnings Presentation
Q4 and FY2024-25 Earnings Presentation P I C C A D I LY E A R N I N G S P R E S E N TAT I O N @ 2 0 2 4 - 2 5 2
Slide 3: Disclaimer
Disclaimer This presentation may include forward-looking statements regarding our Company’s future performance, including sales, revenues, earnings, strategic initiatives and market positioning. These statements are based on management’s current expectations but are subject to uncertainties such as
Slide 4: Management's Message
Management’s Message Piccadily Agro Industries Limited for the year ended March 31, 2025 achieved significant milestones in business and profitability. IMFL volumes grew 46% YoY and it contributed to 43% of the company’s revenue. EBITDA margin expanded, supported by distillery products led by IMFL,
Slide 5: Q4 & FY25 Performance Highlights
Q4 & FY25 Performance Highlights P I C C A D I LY E A R N I N G S P R E S E N TAT I O N @ 2 0 2 4 - 2 5 5
Slide 6: FY25 Highlights: Revenue grows 7.7%, EBITDA margin expands to 21.4%
FY25 Highlights: Revenue grows 7.7%, EBITDA margin expands to 21.4% FY25 J 893crore J 191crore J 11 Total Income EBITDA EPS 7.7% Y-o-Y growth 25.4% Y-o-Y growth 22%* Y-o-Y growth J 105crore 21.4% PAT EBITDA Margin 22%* Y-o-Y growth 300 bps Y-o-Y growth *Excluding exceptional income in FY24 P I C C A
Slide 7: Financial Performance
Financial Performance Standalone Profit & loss Standalone Financials Q4 Y-o-Y Q3 Q-o-Q Financial Year Y-o-Y Particular (Figures in J Cr) Q4 FY25 Q4 FY24 Growth (%) Q3 FY25 Growth (%) FY25 FY24 Growth (%) Revenue from Distillery Vertical 148.7 186.5 -20.3% 183.9 -19.1% 636.8 552.8 15.2% Revenue from
Slide 8: Financial Performance contd...
Financial Performance contd... Standalone Financials Q4 Y-o-Y Q3 Q-o-Q Financial Year Y-o-Y Particular (Figures in J Cr) Q4 FY25 Q4 FY24 Growth (%) Q3 FY25 Growth (%) FY25 FY24 Growth (%) EBITDA 68.3 67.8 0.6% 50.9 34.2% 191.4 152.6 25.4% Finance Costs 9.0 4.2 113.9% 9.3 -3.4% 27.8 15.7 77.2% Deprec
Slide 9: Profitability Trends
Profitability Trends 21.4% 11.7% 18.4% 10.3% 12.2% 5.1% 10% 3.9% 70 64 153 191 29 25 86 105 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 EBITDA Margin PAT Margin EBITDA (in H crore) PAT (excluding exeptional item) (in H crore) P I C C A D I LY E A R N I N G S P R E S E N TAT I O N @ 2 0 2 4 - 2 5 9
Slide 10: Performance Commentary
Performance Commentary EBITDA Margin expands to 21.4% Company Distillery Revenue from operations grew 7.7% Share of distillery products is 71.9% YoY of Revenue from operations vs Distillery by 15.2% and sugar 66.8% in FY24 declined by 9.4% Share of IMFL of Revenue from Excise duty increased 39.9% Yo
Slide 11: FY25 Business Highlights
FY25 Business Highlights IMFL sales volumes (Indri, Camikara and Whistler) grew 46% YoY Indri volumes grew over 37%, Whistler grew 54%, Camikara 310% (on a smaller base) Indri captured an estd 55% share of Indian Single Malt export market B2B Malt sales halted in FY25 to cater to own IMFL demand Pro
Slide 12: FY25 Business Highlights contd...
FY25 Business Highlights contd... Strenghtened distribution Other updates 28 States and UT (incl CSD) vs 20 in Expansions on track - Indri, Haryana FY24 + Chhattisgarh + Portavadie, Scotland Over 16,000 Retail Stores including Fund raise : H 312 crore raised by way On Trade in India vs 6,700 in FY24
Slide 13: Moving Towards Branded and Premium Portfolio
Moving Towards Branded and Premium Portfolio Over the last four years, we have steadily shifted our revenue profile from bulk commodity-based sales towards branded and premium alcoholic beverages. The focus has progressively shifted towards value-added and branded Indian Made Foreign Liquor (IMFL) p
Slide 14: EBITDA Margin by Business
EDITDA Margin by Business 35.0% 30.2% 30.0% 26.9% 25.0% 19.3% 21.4% 18.4% 20.0% 15.0% 10.0% 10.0% 1.5% -1.1% 0.0% -2.3 -5.0% FY23 FY24 FY25 Sugar Company Distillery P I C C A D I LY E A R N I N G S P R E S E N TAT I O N @ 2 0 2 4 - 2 5 14
Slide 15: Growth Drivers of Premium Alcohol Market in India
Growth Drivers of Premium Alcohol Market in India We have recorded consistent growth, driven by shifting consumer preferences and aligned with key market trends. Premiumisation Strong Demand for Ingredient and Revenue Premium Spirits Driven by Younger Artisanal and Craft Spirits Process-led Innovati
Slide 16: Company Overview
Company Overview P I C C A D I LY E A R N I N G S P R E S E N TAT I O N @ 2 0 2 4 - 2 5 16
Slide 17: Introduction
Introduction Crafting Excellence, Redefining India’s Crafting the Future Premium Alco-Bev Landscape We operate across two strategic pillars, each driven by a commitment to excellence and innovation: Piccadily Agro Industries Ltd. (PAIL) is a name synonymous with heritage, craftsmanship and innovatio
Slide 18: Introduction contd...
Introduction contd... Architects of Premium Spirits A Portfolio of Distinction Piccadily Agro is at the forefront of India’s evolving spirits landscape, by driving premiumization and setting new benchmarks in craftsmanship and innovation. With an insightful grasp of market dynamics and a steadfast d
Slide 19: Our Journey
Our Journey Expanded the Indri portfolio Established a malt with Dru and distillery and began Diwali 2023 Commenced barrel maturation Edition operations with a sugar 2023 manufacturing 2010 unit 1994 Launched Camikara Commissioned Entered the 12-Year-Old aged rum 2024 a grain-based branded alcoholic
Slide 20: From Local to Global: A Journey of Excellence
From Local to Global: A Journey of Excellence Ladakh Jammu and Belgium Kashmir Himachal Pradesh Norway Leh Arunachal Pradesh Punjab Canada Latvia Uttrakhand Assam UK Poland Chandigarh Germany Haryana Meghalaya France Switzerland Delhi Spain Italy USA Japan Rajasthan Uttar Pradesh 28 Nepal Hong Kong
Slide 21: Malt Manufacturing Process
Malt Manufacturing Process Farming Germinating Milling Mashing Bottling Maturing Distilling Fermenting P I C C A D I LY E A R N I N G S P R E S E N TAT I O N @ 2 0 2 4 - 2 5 21
Slide 22: Indri - Raising The Bar
Indri - Raising The Bar: A Spirit Designed to Inspire Indri is one of the most awarded Indian single malt whisky in the world. Launched in 2022, it has quickly become the fastest-growing single malt globally, earning over 50 prestigious accolades, including ‘Best Indian Single Malt’ and ‘Best Whisky
Slide 23: Camikara
Camikara Camikara, derived from the Sanskrit word meaning “liquid gold,” is India’s first Pure Cane Juice Premium Aged Rum, redefining the country’s rum legacy. Aged in American oak barrels, Camikara stands apart with no added colors, flavors, sugar, or spices, delivering a truly authentic and refin
Slide 24: Premium Spirits Across Price Segments
Mastery in Every Sip: Premium Spirits Across Price Segments Blended Whisky Aged Rum Single Malt Whisky Vodka (J 5,000+) ULTRA - LUXURY (J 2,000 – 5,000) International Markets LUXURY Price/bottle (J) Coming Soon Coming Soon (J 1,000 – 2,000) PREMIUM Coming Soon (J 500-1,000) PRESTIGE P I C C A D I LY
Slide 25: Recent Launches
Recent Launches P I C C A D I LY E A R N I N G S P R E S E N TAT I O N @ 2 0 2 4 - 2 5 25
Slide 26: Recent Launches contd...
Recent Launches contd... P I C C A D I LY E A R N I N G S P R E S E N TAT I O N @ 2 0 2 4 - 2 5 26
Slide 27: Committed to Our Consumer's Trust
Committed to Our Consumer’s Trust Piccadily Becomes 1st Indian Alcobev Company To Adapt NFC Technology To Combat Counterfeiting Raising the Benchmark: Piccadily sets a new standard in safety, innovation and consumer protection amid rising counterfeit concerns. Smart Verification: Unlike QR codes, NF
Slide 28: Camikara Millionaire Bartenders' Challenge
Camikara Millionaire Bartenders’ Challenge (Jan - April 2025) We organised the Camikara Millionaire Bartender Challenge, a national- level cocktail competition created to identify and recognise India’s leading bartenders. The Camikara Millionaire Bartender Challenge brought together top talent from
Slide 29: Camikara Mixers
Camikara Mixers Introducing the all-new Camikara Non- Alcoholic Mixers in two vibrant flavours – Mojito and Mai Tai. Expertly crafted to elevate every pour, these tropical mixers capture the essence of iconic cocktails. Camikara mixers deliver a premium, bar-quality experience— bringing the spirit o
Slide 30: Charting the Path to Excellence: Our Strategic Vision
Charting the Path to Excellence: Our Strategic Vision Innovate Accelerate and Elevate Growth The distillery segment recorded strong revenue growth, Ongoing expansions along with more barrel procurement driven by rising demand for Indri Single Malt Whisky expected to be completed in next 24 months -
Slide 31: Scaling for the Future: Expanding Horizons
Scaling for the Future: Expanding Horizons, Strengthening Capabilities Indri, Haryana Mahasamund, Chhattisgarh Expansion underway to A 210 KLPD distillery for ENA, increase distillery capacity Ethanol boosting domestic from 78 KLPD to 220 KLPD production. for ENA and from 12 KLPD to 30 KLPD for malt
Slide 32: Expansion Update
Expansion Update Indri, Haryana Milestones: Highlights Capex Expansion on track to increase distillery Year XX capacity from 78 KLPD to 220 KLPD for Board Funding Commencement Machinery ENA and from 12 KLPD to 30 KLPD for approval tie up of construction order malt. Activity /installation Trial runs
Slide 33: Expansion Update contd.
Expansion Update contd. Mahasamund, Chhattisgarh Milestones: Highlights Capex Setting up of 210 KLPD distillery for ENA, Ethanol Year XX on track Board Land Funding Commencement Expected to be commissioned in H2 FY26 approval acquisition tie up of construction /installation Activity Year XX Machiner
Slide 34: Expansion Update contd.
Expansion Update contd. Portavadie, Scotland Milestones: Highlights Capex Evaluation of suitable plant and machinery Year XX in progress Board Land Statutory Funding approval acquisition appovals tie up Likely commissioning in FY27 Activity Presence in Scotland provides access to single malt industr
Slide 35: Indri Experience Centre
Indri Experience Centre Indri Experience Centre launched in Haryana to offer an immersive introduction to whisky making and tasting, enhancing consumer engagement and brand visibility. Includes guided tours, curated tastings and interactive exhibits Features sustainable architecture inspired by Nort
Slide 36: Awards and Recognition: Q4 FY25
Awards and Recognition: Q4 FY25 INDRI CAMIKARA Single Cask, Cask 03:Category Camikara 3 YO: Gold at Rum Cachaca Masters 2025 Indri House of Black: Gold for Limited Winner & Gold (Small Batch Single Indri Sauternes Wine Cask, 47050: Edition Design at World Whiskies Malt, No Age Statement) at World Si
Slide 37: Awards and Recognition (FY24-25)
Awards and Recognition (FY24-25) Piccadily Agro Industries Limited Indri Diwali Collector’s Indri Diwali Collector’s Edition 2024 Edition 2023 Gold at the Whiskies of Best Limited Edition at the World the World 2024 Whiskies Awards 2024 Category Winner – Best Indian Silver at the World Whisky at the
Slide 38: Awards and Recognition (FY24-25) contd...
Awards and Recognition (FY24-25) contd... Camikara 8 YO Pure Indri Dru Indri – Trini Cane Juice Rum Camikara 3 YO Single Malt of the Year & Best World Whisky at Whisky Gold at World Rum Awards Product Debut of the Year at the Whisky of the Year at the Explorer Canada 2024 2024 Spiritz Achiever’s Awa
Slide 39: Community Empowerment
Community Empowerment We believe sustainable business growth must go hand in hand with community upliftment. Our CSR initiatives focus on empowering under-resourced communities through education, healthcare and promoting responsible natural resource management. School Bags for Beltukri & Amavas Scho
Slide 40: For Further Information Contact
For Further Information Contact: Investors Relations Piccadily Agro Industries Limited Ph.: +91-172-2997651 (Monday to Friday; IST 10 am to 5 pm) Website: www.picagro.com Email: piccadilygroup34@rediffmail.com P I C C A D I LY E A R N I N G S P R E S E N TAT I O N @ 2 0 2 4 - 2 5 40
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