Mumbai, May 21 (IANS). Single malt whiskey manufacturer Pikadili Agro Industries declared the results of the fourth quarter of FY 25 on Wednesday. In the January-March period, the company’s net profit has come down by 7.49 percent to Rs 39.80 crore on an annual basis, which was at Rs 43.02 crore in the same period last year.
In the fourth quarter of FY 25, the income from the company’s operations declined by 4.55 percent to Rs 271.63 crore, which was Rs 284.59 crore in the fourth quarter of FY 24.
At the same time, the company’s total income has fallen by 3.97 percent on an annual basis to Rs 273.88 crore in the March quarter, which was Rs 285.20 crore in the same period last year.
The company’s material cost has increased by 33.94 percent to Rs 236.39 crore in the fourth quarter of FY 25.
The financial cost exceeded double and it has increased by 113.74 percent to Rs 9.02 crore in the fourth quarter of FY 25.
Employee spending increased by 30.07 percent to Rs 15.31 crore. At the same time, depreciation and refinement costs increased by 23.02 percent to Rs 4.97 crore.
Other expenses have also increased marginally by 0.30 percent to Rs 67.94 crore.
Despite the decrease in profit, the company credited its performance to the growing global demand for premium liquor brands – Indri Single Malt Whiskey and India’s first pure sugarcane juice rum Camicara.
Pikadili Agro said in a statement, “Both brands have redefined the image of Indian liquor worldwide, as well as earning praise and prepared a strong customer base in various continents.”
The company’s CFO Natwar Aggarwal said that the EBITDA margin in the premium IMFL category is steadily increasing, which has increased from 18.4 percent to 21.4 percent.
He said, “We are extremely optimistic about the long -term possibilities of this segment. We are also investing aggressively, more than 500 crore rupees have been spent on capacity expansion in Indri and a new project in Chhattisgarh, which is expected to be commissioned in financial year 26.”
Pikadili Agro Industries shares fell 6.38 percent or Rs 38.45 to close at Rs 563.85 on Bombay Stock Exchange (BSE) on Wednesday.
-IANS
ABS/