For the fiscal year ending March 31, 2024, PAIL’s total revenue climbed 30% to ₹829 crore. The company’s distillery division alone accounted for 67% of this revenue, underscoring the strength of its alco-bev offerings. In the fourth quarter, the company achieved a record revenue of ₹285 crore, marking a 37% year-over-year increase, with net profits reaching ₹43.5 crore, reflecting a 585% surge from the same period last year.
This impressive financial growth has been supported by a series of strategic initiatives and market expansions. PAIL’s flagship product, Indri single malt whisky, has been instrumental in this success, with the brand capturing 30% of the Indian single malt market. The company also expanded its global footprint, becoming the largest exporter of Indian single malts, with a 35% share of total export volumes. Additionally, Indri's performance in the global market was bolstered by its recognition as the "Best Whisky In The World" at the Whiskies of the World Awards 2023, further enhancing its brand value and market presence.
PAIL’s management has expressed confidence in sustaining this growth momentum. The company has outlined an aggressive roadmap for expanding its malt production both domestically and internationally. This includes plans to establish a new distillery in Scotland, which is expected to further enhance its production capabilities and global reach.
The company’s commitment to innovation and quality, coupled with its strategic expansion efforts, positions it well for continued success in the competitive alcohol beverage market. With its strong financial performance in FY23-24, PAIL is poised to solidify its position as a leading player in the industry, both in India and globally.