| Market Cap | ₹5,707.29 CrMid-cap |
|---|---|
| Revenue Growth YoY | 26.8%Annual |
| Net Profit Annual | ₹137.53 CrFY24 |
| PE TTM | 41.5Price to Earnings |
Key highlights
- Indri Ilika is matured in a rare combination of Ex-Spanish Sherry and Ex-American Bourbon oak casks
- The expression will retail at approximately USD 80 exclusively through select global travel retail channels
- Indri has surpassed the 100,000-case sales milestone for two consecutive years
- The product features a nuanced smoke profile derived from subtle peat rather than heavily peated styles
- Manufacturing is supported by state-of-the-art facilities in Indri, Haryana and Chhattisgarh
The Product — What It Is
Indri Ilika is a premium single malt whisky crafted at the Indri Distillery near the Himalayan foothills. Derived from the Sanskrit word for earth, the expression is characterized by a dual-cask maturation process using Ex-Spanish Sherry and Ex-American Bourbon oak. Unlike traditional heavily peated whiskies, Ilika offers a nuanced smoke profile designed for global travelers.
The tasting notes highlight a complex palette of tropical fruits, ripe banana, mango, and rich toffee, balanced by soft peat smoke and a lingering fruity sweetness. This travel-retail-exclusive product aims to provide a sophisticated alternative for discerning enthusiasts in the duty-free market.
Strategic Fit and Portfolio Expansion
- Strengthens the premiumization strategy by targeting high-value global travel retail channels
- Leverages Indri's momentum as the fastest-growing single malt brand to capture international market share
- Diversifies the existing portfolio which includes the Diwali Collector's Editions and House of the Dragon collaborations
- Utilizes specialized travel retail as a primary platform for brand discovery among evolving global consumers
- Builds on the landmark 100,000-case annual sales milestone achieved consistently over the last two years
Management Perspective
Indri Ilika represents our continued pursuit of innovation and our commitment to creating exceptional whiskies for evolving global consumers. Travel retail remains an important platform for discovery, and Indri Ilika has been crafted to offer travellers a unique expression that showcases both the elegance of peat and the distinctive character of Indian single malt whisky.
Business and Industry Context
Piccadily Agro Industries operates in the premium spirits, sugar, and ethanol segments with manufacturing units in Haryana and Chhattisgarh. The company has transitioned from a sugar-focused player into a prominent spirits manufacturer with brands like Indri, Camikara, and Whistler. This shift is mirrored in the industry's broader movement where Indian single malts are gaining significant international acclaim.
Indri's rise is supported by top honors at the World Whiskies Awards and the International Whisky Competition, helping position India as a key player in the global whisky-producing landscape while driving consistent double-digit revenue growth for the company.
| Share price | ₹579 |
|---|---|
| Market capitalisation | ₹5,707.29 Cr |
| Revenue (annual) | ₹1,037.90 Cr |
| Net profit (annual) | ₹137.53 Cr |
| Revenue (latest quarter) | ₹335.46 Cr+21.40% vs previous quarter |
| Net profit (latest quarter) | ₹44.70 Cr-6.27% vs previous quarter |
| P/E (TTM) | 41.5×Sector 31.29× |
| Promoter holding | 68.57%-0.05% QoQ |
| FII holding | 0.76%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Piccadily Agro Industries Limited announcing the launch of its new travel retail exclusive whisky, Indri Ilika. Market figures from a third-party data provider.
