India's Piccadily Agro set for worst day after quarterly profit halves sequentially

Piccadily Agro Industries

12/08/2026 07:36

** Shares of Indian sugar producer and distiller Piccadily Agro PICA.NS fall 15% to 661.70 rupees
** PICA set for biggest one-day loss since listing on July 2, 2025
** Co on Tuesday reported 53% Q/Q fall in first-quarter net PAT; total rev from ops down 24.8% Q/Q 
** Y/Y, net PAT up 15.3% and rev from ops up 18.1%
** More than 1.97 mln shares change hands by 11:57 AM, nearly 6x the 30-day avg
** Stock up 16.9% YTD

 (Reporting by Abhirami G in Bengaluru)
 ((abhirami.g@thomsonreuters.com))