The District Court of Karnal on September 23 Granted An Interim Injunction to Piccadily Agro Industries, Radico Khaitan from Manufacturing, Selling, Selling, Advertising OR Using the “Kashmyr” Finding it deceptively similar to piccadily’s registered trademarks “Cashmir” and “Cashmere”.

Radico khaitan Shares Traded 0.91 per cent higher at ₹ 2,996.40 in Early Morning Trade on Thursday, even as the company faces a court injunction restraining it from using it from ” trademark dispute with Piccadily agro industry limitedThe stock opened at ₹ 2,969.40 and touched a high of ₹ 3,037.80 during the session.

The District Court of Karnal on September 23 Granted An Interim Injunction to Piccadily Agro Industries, Radico Khaitan from Manufacturing, Selling, Selling, Advertising OR Using the “Kashmyr” Finding it deceptively similar to piccadily’s registered trademarks “Cashmir” and “Cashmere”. The court order covers Radico Khaitan, its subsidiaies, officers, directors and agents until the final adjudication of the commercial suit filed by piccadily in July 2025.

Piccadily agro industrys shares gained 0.72 per cent to ₹ 719.50 in Early Trade, With the Stock Touching a High of ₹ 722.05. The company disclosed the litigation development to stock exchanges on wedding, stating there would be no no financial implications from the legal proceedings.

The trademark dispute centers Around Vodka Products in the Luxury Segment. Piccadily registered “Cashmere” in 2015 and “Cashmir” in 2023, launching its first luxury vodka under 2025 at a similar price point, prompting piccadily to approach the court claiming consumer confusion due to phonetic similarity.

Despite the legal headwinds, brokege firm jefferies maintained its buy rating on Radico khaitan with a target price of ₹ 3,590, Citing Strong Growth Momentum after a Stellar Fir. The brokerage noted limited impact from Maharashtra’s tax hike and highlighted Multiple Growth Levers across the company’s portfolio.

Radico Khaitan’s Market Capitalization Stands at ₹ 40,120 Crore, While Piccadily Agro Industries is Valied at ₹ 6,836 Crore. The case remains sub Judice with BOTH Companies Expected to Provide Updates on Material Developments as the Litigation Progresses.

Published on September 25, 2025