Latest news with #IndriSingleMalt
News18
12-08-2025
- Business
- News18
Piccadily Agro posts Rs 18.5 crore profit in Q1
New Delhi, Aug 12 (PTI) Piccadily Agro Industries Ltd on Tuesday reported an increase of 32.7 per cent in consolidated profit of Rs 18.46 crore during the June quarter of FY26, led by a strong performance driven by its distillery segment and volume gains by its Indian Made Foreign Liquor (IMFL) brands. It had reported a profit after tax of Rs 13.91 crore in the April-June period a year ago, according to a regulatory filing from the company. Piccadily Agro Industries' revenue from operations was up 9.89 per cent to Rs 228.99 crore during the quarter under review. It was Rs 208.38 crore a year earlier. The company, which operates in two business segments — distillery and sugar — reported an 8.18 per cent increase in total expenses to Rs 204.80 crore in the quarter. Revenue of Piccadilly's 'Distillery' business, including IMFL, grew 36.6 per cent to Rs 162.8 crore. This was at Rs 119.23 crore in the corresponding quarter. 'IMFL volumes surged 38.6 per cent YoY, reflecting continued demand momentum for the company's premium portfolio," the company said. Piccadily Agro Industries is the largest independent malt manufacturer and seller of malt spirit in India. It owns Indri Single Malt and Camikara rum. However, its revenue from sugar was down 25.77 per cent to Rs 66.16 crore during the quarter as against Rs 89.14 crore a year ago. Shares of Piccadily Agro Industries Ltd on Tuesday settled at Rs 601.80 on the BSE, down 5.35 per cent from its previous close. PTI KRH TRB (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
NDTV
20-05-2025
- Business
- NDTV
Piccadily Becomes The 1st Indian Alcobev Company To Adapt NFC Technology To Combat Counterfeiting
New Delhi, Delhi, India - Business Wire India In a pioneering move to safeguard consumers and reinforce trust in premium Indian spirits, Piccadily Agro Industries Limited has become the first Indian alco-bev company to implement ForgeStop's cutting-edge anti-counterfeit smart label technology for its acclaimed Indri Single Malt. With counterfeiting rampant in India - where it's said that more Scotch is consumed than Scotland even produces - Piccadily has taken a bold and proactive step. By integrating NFC-enabled smart labels into its packaging, the company is setting a new benchmark in authenticity and transparency, investing significantly to ensure consumers receive only genuine, original products, reinforcing trust in premium Indian spirits. ForgeStop InfoTap Labels on Piccadily products utilize EM Microelectronic echo-V chips with 128bit AES encryption and dynamically changing tokens - giving them bank level security and making them virtually impossible to fake. They also feature tag-tamper detection - alerting a consumer if the bottle seal has ever been broken - this prevents bottle re-use, a major issue with Alcohol counterfeiting that is difficult to combat with other technologies. Its platform creates a unique digital twin of every product at the moment of production and secures the product until it's enjoyed by the customer. The software allows for app-free authentication and provides batch level product information - making it the most user-friendly anti-counterfeit technology available. This technology can be connected to the blockchain generating an immutable product journey - securing supply chains. Unlike static technologies such as QR codes or holograms, this NFC tap and verify experience allows customers to simply tap their smartphones to the bottle to instantly confirm its authenticity and view batch-level information. "As a brand committed to authenticity and quality, we're proud to be the first Indian single malt brand to take this bold step," said Praveen Malviya, CEO (IMFL), Piccadily Agro Industries Limited. "Counterfeit alcohol is a serious issue in India and globally. With ForgeStop's smart technology, our customers can enjoy Indri with the confidence that what's in the bottle is exactly what we crafted." "We're proud to partner with Piccadily Distilleries, a globally recognized brand leading the way in product integrity. With ForgeStop's smart label technology, consumers can instantly verify authenticity and access product information with a simple tap-no app required. It's a seamless blend of security and brand storytelling," said Terry Katz, CEO of ForgeStop. As per the TRACIT (Transnational Alliance to Combat Illicit Trade) September 2023 report on India, a significant share of alcohol sold in India is counterfeit-well above the global average-and the problem is escalating rapidly. Counterfeit alcohol not only harms brands but also poses serious risks to consumer health. With this first-of-its-kind initiative, Piccadily is elevating the standards of transparency, safety, and innovation in the Indian spirits industry-paving the way for a more secure and connected future for whisky lovers. *Source- Source (TRACIT Report on India) Source (OECD Illicit Trade Report) Stock Ticker: (PICCADIL | 530305 | INE546C01010) About Piccadilly Agro Industries Limited (PAIL) Piccadilly Agro Industries Limited (PAIL) is a publicly listed company on the Bombay Stock Exchange (BSE: PICAGRO). The company operates primarily in two strategic business segments: Distillery and Sugar. Its manufacturing facility is located in Indri, Haryana, covers 168 acres and is equipped with advanced technology for producing a diverse range of products, including Malt, Extra Neutral Alcohol (ENA), Ethanol, and White Crystal Sugar. Piccadilly Agro Industries Limited has established itself as a key player in the alcoholic beverages industry, particularly renowned for its expertise in malt spirits. The company boasts a robust portfolio that includes premium expressions of Indri single malt whisky, blended malt whisky brands and Camikara, premium sugarcane juice aged rum. In 2022, Piccadilly Agro Industries Limited made a significant mark with the launch of 'Indri' its flagship single malt whisky brand, aimed at catering to discerning consumers who appreciate quality and craftsmanship in spirits. By focusing on premiumization strategies and leveraging its technical capabilities, the company has successfully positioned itself as a leader in the Indian single malt whisky market by becoming the 'fastest growing single malt whisky brand' in 2024. About ForgeStop ForgeStop is a connected product technology company that helps brands deliver engaging, trusted product experiences while protecting against counterfeiting, supply chain fraud, and lost consumer trust. Its smart label platform enables interactive product experiences that protect brands and engage buyers.
Business Upturn
19-05-2025
- Business
- Business Upturn
Piccadily Becomes The 1st Indian Alcobev Company to Adapt NFC Technology to Combat Counterfeiting
By Business Wire Published on May 19, 2025, 16:50 IST Piccadily Agro Industries Ltd. New Delhi, Delhi, India: In a pioneering move to safeguard consumers and reinforce trust in premium Indian spirits, Piccadily Agro Industries Limited has become the first Indian alco-bev company to implement ForgeStop's cutting-edge anti-counterfeit smart label technology for its acclaimed Indri Single Malt. With counterfeiting rampant in India—where it's said that more Scotch is consumed than Scotland even produces—Piccadily has taken a bold and proactive step. By integrating NFC-enabled smart labels into its packaging, the company is setting a new benchmark in authenticity and transparency, investing significantly to ensure consumers receive only genuine, original products, reinforcing trust in premium Indian spirits. ForgeStop InfoTap© Labels on Piccadily products utilize EM Microelectronic echo-V chips with 128bit AES encryption and dynamically changing tokens – giving them bank level security and making them virtually impossible to fake. They also feature tag-tamper detection – alerting a consumer if the bottle seal has ever been broken – this prevents bottle re-use, a major issue with Alcohol counterfeiting that is difficult to combat with other technologies. Its platform creates a unique digital twin of every product at the moment of production and secures the product until it's enjoyed by the customer. The software allows for app-free authentication and provides batch level product information – making it the most user-friendly anti-counterfeit technology available. This technology can be connected to the blockchain generating an immutable product journey – securing supply chains. Unlike static technologies such as QR codes or holograms, this NFC tap and verify experience allows customers to simply tap their smartphones to the bottle to instantly confirm its authenticity and view batch-level information. 'As a brand committed to authenticity and quality, we're proud to be the first Indian single malt brand to take this bold step,' said Praveen Malviya, CEO (IMFL), Piccadily Agro Industries Limited. 'Counterfeit alcohol is a serious issue in India and globally. With ForgeStop's smart technology, our customers can enjoy Indri with the confidence that what's in the bottle is exactly what we crafted.' 'We're proud to partner with Piccadily Distilleries, a globally recognized brand leading the way in product integrity. With ForgeStop's smart label technology, consumers can instantly verify authenticity and access product information with a simple tap—no app required. It's a seamless blend of security and brand storytelling,' said Terry Katz, CEO of ForgeStop. As per the TRACIT (Transnational Alliance to Combat Illicit Trade) September 2023 report on India, a significant share of alcohol sold in India is counterfeit—well above the global average—and the problem is escalating rapidly. Counterfeit alcohol not only harms brands but also poses serious risks to consumer health. With this first-of-its-kind initiative, Piccadily is elevating the standards of transparency, safety, and innovation in the Indian spirits industry—paving the way for a more secure and connected future for whisky lovers. *Source- Source (TRACIT Report on India): Source (OECD Illicit Trade Report): Stock Ticker: (PICCADIL | 530305 | INE546C01010) About Piccadilly Agro Industries Limited (PAIL) Piccadilly Agro Industries Limited (PAIL) is a publicly listed company on the Bombay Stock Exchange (BSE: PICAGRO). The company operates primarily in two strategic business segments: Distillery and Sugar. Its manufacturing facility is located in Indri, Haryana, covers 168 acres and is equipped with advanced technology for producing a diverse range of products, including Malt, Extra Neutral Alcohol (ENA), Ethanol, and White Crystal Sugar. Piccadilly Agro Industries Limited has established itself as a key player in the alcoholic beverages industry, particularly renowned for its expertise in malt spirits. The company boasts a robust portfolio that includes premium expressions of Indri single malt whisky, blended malt whisky brands and Camikara, premium sugarcane juice aged rum. In 2022, Piccadilly Agro Industries Limited made a significant mark with the launch of 'Indri' its flagship single malt whisky brand, aimed at catering to discerning consumers who appreciate quality and craftsmanship in spirits. By focusing on premiumization strategies and leveraging its technical capabilities, the company has successfully positioned itself as a leader in the Indian single malt whisky market by becoming the 'fastest growing single malt whisky brand' in 2024. Website: About ForgeStop ForgeStop is a connected product technology company that helps brands deliver engaging, trusted product experiences while protecting against counterfeiting, supply chain fraud, and lost consumer trust. Its smart label platform enables interactive product experiences that protect brands and engage buyers. Website: Click here for Media Contact Details Submit your press release Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same. Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, social networks and other audiences.
Business Standard
16-05-2025
- Business
- Business Standard
Piccadily Agro Industries adopts NFC-enabled smart labels for its acclaimed Indri Single Malt
Piccadily Agro Industries has become the first Indian alco-bev company to implement ForgeStop's cutting-edge anti-counterfeit smart label technology for its acclaimed Indri Single Malt. With counterfeiting rampant in Indiawhere it's said that more Scotch is consumed than Scotland even producesPiccadily has taken a bold and proac ve step. By integrating NFC-enabled smart labels into its packaging, the company is setting a new benchmark in authenticity and transparency, investing significantly to ensure consumers receive only genuine, original products, reinforcing trust in premium Indian spirits. ForgeStop InfoTap Labels on Piccadily products utilize EM Microelectronic echo-V chips with 128bit AES encryption and dynamically changing tokens - giving them bank level security and making them virtually impossible to fake.
Mint
16-05-2025
- Business
- Mint
Piccadilly Becomes the 1st Indian Alcobev Company to Adapt NFC Technology to Combat Counterfeiting
16th May, New Delhi – In a pioneering move to safeguard consumers and reinforce trust in premium Indian spirits, Piccadily Agro Industries Limited has become the first Indian alco-bev company to implement ForgeStop's cutting-edge anti-counterfeit smart label technology for its acclaimed Indri Single Malt. With counterfeiting rampant in India—where it's said that more Scotch is consumed than Scotland even produces—Piccadily has taken a bold and proactive step. By integrating NFC-enabled smart labels into its packaging, the company is setting a new benchmark in authenticity and transparency, investing significantly to ensure consumers receive only genuine, original products, reinforcing trust in premium Indian spirits. ForgeStop InfoTap© Labels on Piccadily products utilize EM Microelectronic echo-V chips with 128bit AES encryption and dynamically changing tokens - giving them bank level security and making them virtually impossible to fake. They also feature tag-tamper detection - alerting a consumer if the bottle seal has ever been broken - this prevents bottle re-use, a major issue with Alcohol counterfeiting that is difficult to combat with other technologies. Its platform creates a unique digital twin of every product at the moment of production and secures the product until it's enjoyed by the customer. The software allows for app-free authentication and provides batch level product information - making it the most user-friendly anti-counterfeit technology available. This technology can be connected to the blockchain generating an immutable product journey - securing supply chains. Unlike static technologies such as QR codes or holograms, this NFC tap and verify experience allows customers to simply tap their smartphones to the bottle to instantly confirm its authenticity and view batch-level information. 'As a brand committed to authenticity and quality, we're proud to be the first Indian single malt brand to take this bold step,' said Praveen Malviya, CEO (IMFL), Piccadily Agro Industries Limited. 'Counterfeit alcohol is a serious issue in India and globally. With ForgeStop's smart technology, our customers can enjoy Indri with the confidence that what's in the bottle is exactly what we crafted.' "We're proud to partner with Piccadily Distilleries, a globally recognized brand leading the way in product integrity. With ForgeStop's smart label technology, consumers can instantly verify authenticity and access product information with a simple tap—no app required. It's a seamless blend of security and brand storytelling.' said Terry Katz, CEO of ForgeStop. As per the TRACIT (Transnational Alliance to Combat Illicit Trade) September 2023 report on India, a significant share of alcohol sold in India is counterfeit—well above the global average—and the problem is escalating rapidly. Counterfeit alcohol not only harms brands but also poses serious risks to consumer health. With this first-of-its-kind initiative, Piccadily is elevating the standards of transparency, safety, and innovation in the Indian spirits industry—paving the way for a more secure and connected future for whisky lovers. *Source- Source (TRACIT Report on India): Source (OECD Illicit Trade Report): Piccadilly Agro Industries Limited (PAIL) is a publicly listed company on the Bombay Stock Exchange (BSE: PICAGRO). The company operates primarily in two strategic business segments: Distillery and Sugar. Its manufacturing facility is located in Indri, Haryana, covers 168 acres and is equipped with advanced technology for producing a diverse range of products, including Malt, Extra Neutral Alcohol (ENA), Ethanol, and White Crystal Sugar. Piccadilly Agro Industries Limited has established itself as a key player in the alcoholic beverages industry, particularly renowned for its expertise in malt spirits. The company boasts a robust portfolio that includes premium expressions of Indri single malt whisky, blended malt whisky brands and Camikara, premium sugarcane juice aged rum. In 2022, Piccadilly Agro Industries Limited made a significant mark with the launch of 'Indri' its flagship single malt whisky brand, aimed at catering to discerning consumers who appreciate quality and craftsmanship in spirits. By focusing on premiumization strategies and leveraging its technical capabilities, the company has successfully positioned itself as a leader in the Indian single malt whisky market by becoming the 'fastest growing single malt whisky brand' in 2024. ForgeStop is a connected product technology company that helps brands deliver engaging, trusted product experiences while protecting against counterfeiting, supply chain fraud, and lost consumer trust. Its smart label platform enables interactive product experiences that protect brands and engage buyers. For media queries, kindly contact Nazish Khan I nazishk@ I +91 95383 85162 Abhishek Haryson I I +91 9891356547
