Synopsis:
Piccadily Agro acquired an interim court docket order towards Radico Khaitan, stopping it from promoting vodka below the title KASHMYR as it’s too just like Piccadily’s manufacturers CASHMIR and CASHMERE. The case remains to be ongoing, and there’s no monetary influence proper now.
The shares of this main alcohol firm, which has an award-winning whisky in its portfolio, are in focus after it acquired a key order from the Haryana court docket. On this article, we are going to dive extra into the main points.
With a market capitalization of Rs 7,019 crore, the shares of Piccadily Agro Industries Ltd made a day’s excessive of Rs 746.35 per share, up 0.71 p.c from its earlier day’s closing value of Rs 741.10 per share. Over the previous 5 years, the inventory has delivered a mutibagger return of seven,517 p.c, outperforming NIFTY 50’s return of solely 127 p.c.
In regards to the Incident
Piccadilly Agro Industries is in focus after it gained an interim order in its case towards Radico Khaitan. The corporate had complained that Radico’s vodka model KASHMYR appeared and sounded too just like its personal registered manufacturers CASHMIR and CASHMERE.
On September 23, 2025, the District Court docket of Karnal prohibited Radico from manufacturing, promoting, or promoting vodka below the KASHMYR title or something related. The court docket agreed that the model names might confuse prospects and damage Piccadilly’s model. Piccadily launched its premium vodka CASHMIR in Could 2025, whereas Radico launched KASHMYR in July 2025 in the identical value vary.
Whereas this can be a clear interim victory for Piccadilly Agro, the matter remains to be sub judice, and the result will rely on additional hearings. The corporate clarified that there are not any monetary implications at this stage and mentioned it is going to replace exchanges on materials developments in the end.
Monetary Highlights
The corporate’s income for Q1 FY26 got here in at Rs 214 crore, up by 9 p.c from Rs 196 crore in the identical quarter final 12 months. Nonetheless, on a sequential foundation, income declined by 16 p.c from Rs 255 crore in This fall FY25.
Coming to its profitability, the corporate reported a web revenue progress of 38 p.c to Rs 18 crore in Q1 FY26 as in comparison with Rs 13 crore in Q1 FY25. Nonetheless, on a QoQ foundation, it recorded a pointy decline of 45 p.c from Rs 40 crore.
The corporate has delivered a ROE and ROCE of 20.07 p.c and 22.68 p.c respectively, and is at present buying and selling at a excessive P/E of 65.17x as in comparison with its business common of 32.49x.
Piccadilly Agro Industries is an organization that operates in each the distillery and sugar sectors. It produces Malt Whisky, Cask Aged Rum, Further Impartial Alcohol (ENA), and Ethanol. Piccadili is likely one of the most important contributors to the Indian market of alcoholic drinks, and is thought most of all for its proficiency within the malt spirits discipline. Their high-end single malt, Indri, which made its debut in 2022, has gone worldwide by bagging the Finest in Present award on the Whiskies of the World Awards 2023.
Written by Satyajeet Mukherjee
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