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Malt Spirits Manufacturer Gets Pan India Approval to Supply Its Marquee Brands In Paramilitary (Central Armed Police Forces) Canteens
Kiran Shroff
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Malt Spirits Manufacturer Gets Pan India Approval to Supply Its Marquee Brands In Paramilitary (Central Armed Police Forces) Canteens

The stock gave multibagger returns of 115 per cent in just 6 months; 575 per cent in 1 year and a whopping 11,180 per cent in 5 years.

Piccadily Agro Industries Limited (PAIL) gets approved for supply of its portfolio, including the world’s fastest-growing single malt whisky - Indri, India’s first premium cane juice rum- Camikara, and the blended malt whisky - Whistler, to Central Armed Police Forces (CRPF, BSF, SSB, & ITBP) canteens in their 98 depots across the nation. This comes close on the heels of approval received from the Canteen Stores Department (CSD) also, which came in March 2024.

Following widespread acclaim in global markets such as the US, the UK and Dubai, Indri along with other two brands will now be accessible to personnel in the Paramilitary canteens throughout the country, marking a significant milestone in the brand's growing presence and recognition.

This strategic entry represents a transformative opportunity for Piccadily Agro Industries Limited, positioning it to significantly broaden its market reach and establish a strong foothold within a key segment. By making its premium spirits accessible to the country's dedicated paramilitary forces, it is poised to unlock substantial growth in sales volume for the company, while providing quality products to the paramilitary and armed forces.

This milestone underscores Piccadily Agro Industries Limited's unwavering commitment to scaling its business and delivering exceptional value to both its customers and shareholders. PAIL is confident that this achievement will accelerate its growth trajectory and solidify its position as a leader in the premium spirits industry.

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About the company

Piccadily Agro Industries Ltd. (PAIL), a Public Limited Company was incorporated in the year 1994. The company is the largest independent manufacturer and seller of malt spirits in India and also manufactures Ethanol, Extra Neutral Alcohol (ENA), CO2 and white crystal sugar.

The company has a market cap of over Rs 7,200 crore with a 5-year stock price CAGR of 152 per cent. According to the financials, the company reported positive numbers in its Quarterly Results and annual results. The stock gave multibagger returns of 115 per cent in just 6 months; 575 per cent in 1 year and a whopping 11,180 per cent in 5 years. Investors should keep an eye on this small-cap stock under the radar.

Disclaimer: The article is for informational purposes only and not investment advice. 

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