With the latest developments which have taken place over the last few months viz. - success of Indri, capital raise which will get in institutional investors, step change in the level of ambition as reflected by the amount of capital raise, the growth projections and the new product pipeline - Piccadily Agro is going through a paradigm shift.
Given its best-in-class performance metrics of highest growth rate & highest margins amongst alcobev cos. along with sizeable market share, it is poised to move from being a little-known nanocap to being the market leader in the Indian premium alcohol market - which is the highest ROCE segment of the market and which all the other majors are trying to push into as the mass market slows down.
Given this background, I feel Piccadily will give United Spirits a run for their money in times to come. After all, USL wasn’t built by Diageo but by a smart & influential Indian (Mallya senior), and I feel in Piccadily we have the same - people who are smart, who understand the pulse of Indians and the industry and people who are extremely influential.
Piccadily overtaking Radico in marketcap seems like a foregone conclusion.
But, I would not be surprised to see Piccadily overtake USL in marketcap in the next 7-8 yrs.
Subscribe To Our Free Newsletter |