On Thursday, the shares of India’s largest independent malt maker and seller of malt spirit soared 3.2 percent to ₹785 per share, a day after the company launched two new premium whisky brands inspired by the House of the Dragon series.
At 11:50 a.m., Piccadilly Agro Industries Ltd. shares were trading at ₹776.50 apiece on the Stock Exchange, up 2.12 percent from the previous close price. The company has a market capitalization of ₹ 7,321 crore.
According to reports, on Wednesday, June 12, Piccadilly Agro’s, Indri-Trini Single Malt Indian Whisky launched two new expressions of its award-winning brand, inspired by the Game of Thrones series. The collectible expressions, named ‘House of Black’ and ‘House of Green,’ draw inspiration from the HBO Original Series ‘House of the Dragon’.
The company’s two new brands of Indri-Trini Single Malt Indian Whisky as exclusive collectibles, available only at select premium outlets in India and exclusively at Delhi Duty-Free, with prices ranging from ₹6,000 to ₹11,500.
Indri-Trini, India’s first globally award-winning triple cask single malt whisky, is crafted by Piccadilly Distilleries in collaboration with Warner Bros. Discovery Global Consumer Products. This exclusive edition, inspired by the Game of Thrones franchise, is themed around ‘House of the Dragon.’
In October 2023, Piccadilly Agro Industries Ltd received an award for producing the best whisky in the world at the Whiskies of the World Awards for their Indri Diwali Collector’s Edition 2023. This Indian whisky won the prestigious ‘Best in Show, Double Gold’ title at the 2023 Whiskies of the World Awards.
The Whiskies of the World Awards is one of the largest whiskey-tasting competitions globally. Held annually, it judges over 100 varieties of whiskey from around the world.
The company has delivered multibagger returns of 247 percent in six months and 1000 percent over a year. A shareholder’s investment of ₹ 1 lakh in the business would be worth ₹11 lakhs after a year and ₹.3.47 lakhs after a six-month.
The company’s revenue has increased by 34.5 percent year on year, rising from ₹200 crore in Q4FY23 to ₹269 crore in Q4FY24. Further, Net profit climbed by 760 percent within the same time period, from ₹5 crore to ₹43 crore.
According to the recent shareholding pattern, the company promoters hold a 70.97 percent stake in the company, while retail investors hold a 28.92 percent stake.
Piccadily Agro Inds. Ltd. is engaged in the manufacturing of sugar and its by-products. The company’s product range includes white crystal sugar, molasses, and liquor.
Written by Omkar Chitnis
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