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EID Parry (India) Results: Latest Quarterly Results & Analysis

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EID Parry (India) Ltd. 11 Nov 2025 13:55 PM

Q2FY26 Quarterly Result Announced for EID Parry (India) Ltd.

Food & Beverages company EID Parry (India) announced Q2FY26 results

  • The consolidated revenue from operations for Q2FY26 was Rs 11,624 crore, registered an increase of 24% in comparison to Q2FY25 of Rs 9,330 crore.
  • EBITDA for Q2FY26 was Rs 1,349 crore, registering an increase of 31% in comparison to Q2FY25 of Rs 1,028 crore.
  • Consolidated Profit after Tax and non-controlling interest was Rs 424 crore as compared to Rs 306 crore in Q2FY25.

Muthiah Murugappan, Whole-time Director & Chief Executive Officer, said:

Sugar: The revenues of the sugar segment for the current quarter were at Rs 368 crore as against Rs 367 crore in Q2FY25. The sugar segment registered a loss of Rs 26 crore as compared to a loss of Rs 33 crore for Q2FY25 on account of better realization and cost optimization measures taken by the company.

Distillery: The revenues of the distillery segment for the current quarter were at Rs 291 crore as against Rs 280 crore in Q2FY25, registering a growth of 4%. The distillery segment registered a loss of Rs 10 crore, compared to a profit of Rs 5 crore in Q2FY25. The decline was primarily driven by higher input costs.

Result PDF

Food & Beverages company EID Parry (India) announced Q1FY26 results

  • Consolidated revenue from operations for Q1FY26, was Rs 8,724 crore registering an increase of 29% in comparison to Q1FY25 of Rs 6,747 crore.
  • Earnings before interest, tax, depreciation and amortisation (EBITDA) for Q1FY26 was Rs 895 crore registering an increase of 70% in comparison to Q1FY25 of Rs 528 crore.
  • Consolidated Profit after Tax and noncontrolling interest was Rs 246 crore as compared to Rs 91 crore in Q1FY25.

Muthiah Murugappan, Whole-time Director & Chief Executive Officer, said:

Sugar: The revenues of the sugar segment for the current quarter were at Rs 347 crore as against Rs 404 crore in the corresponding quarter of the previous year, registering a de-growth of 14% due to lower release quota. The sugar segment registered a loss of Rs 49 crore as compared to a loss of Rs 59 crore for the corresponding quarter of the previous year on account of higher cane volume (2.11 LMT Q1 Jun 25 Vs 1.93 LMT in Q1 Jun 24) and on account of better realization and cost optimization, which is partly offset by lower recoveries and higher cane cost.

Distillery: The revenues of the distillery segment for the current quarter were at Rs 296 crore as against Rs 263 crore in Q1FY25, registering a growth of 12%, benefitting from enhanced capacity utilization after completion of distillery expansion projects.

The distillery segment registered a profit of Rs 20 crore as compared to profit of Rs 13 crore of Q1FY25 on account of increase in sales volume and cost optimization.

Consumer Products Group (CPG): The Consumer Products Group (CPG) delivered a turnover of Rs 192 crore for the current quarter registering a decline of 11% over the corresponding quarter of the previous year of Rs 216 crore, mainly on account of lower release quota for the sweetener category, partly offset by steady performance in the staples segment, which registered a growth of 33% over Q1FY25.

Nutraceuticals: The revenues of the nutraceuticals segment for the current quarter were at Rs 5.94 crore as against Rs 8.41 crore in Q1FY25, registering a de-growth of 29%. The loss under this segment stood at Rs 0.20 crore compared to Q1FY25 quarter loss of Rs 0.26 crore on account of cost optimization, though there is reduction in revenues.

Result PDF

Food & Beverages company EID Parry (India) announced Q4FY25 & FY25 results

Consolidated Q4FY25 Financial Highlights:

  • The consolidated revenue from operations for the quarter ended 31st March 2025, was Rs 6,811 crore registering an increase of 23% in comparison to the corresponding quarter of the previous year of Rs5,557 crore.
  • Earnings before interest, tax, depreciation and amortisation (EBITDA) (excluding exceptional items of Rs 347 crore) for the quarter ended 31st March 2025 was Rs 626 crore registering an increase of 8 % in comparison to the corresponding quarter of the previous year of Rs 581 crore.
  • The consolidated profit after tax and non-controlling interest was Rs 287 crore as against Rs220 crore in the corresponding quarter of the previous year.

Consolidated FY25 Financial Highlights:

  • The consolidated revenue from operations for the year ended 31st March 2025 was Rs 31,609 crore as against Rs 29,413 crore in the previous year.
  • Earnings before interest, tax, depreciation and amortisation (EBITDA) (excluding exceptional items of Rs 347 crore), for the year ended 31st March 2025 was Rs 2,992 crore as against Rs 2,891 crore in the previous year.
  • Consolidated profit after tax and non-controlling interest was Rs 878 crore as compared to Rs 900 crore in the previous year.

Standalone Q4FY25 Financial Highlights:

  • The standalone revenue from operations for the quarter ended 31st March 2025 was Rs 814 crore in comparison to the corresponding quarter of previous year of Rs 717 crore.
  • Earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter ended 31st March 2025 was of Rs225 crore (excluding exceptional item of Rs 350 crore) in comparison to the corresponding quarter of the previous year of Rs 166 crore.
  • The standalone loss after tax for the quarter was Rs 232 crore (which includes a provision for impairment of investment in a subsidiary amounting to Rs 350 crore), as compared to a profit of Rs 80 crore in the corresponding quarter of the previous year.

Standalone FY25 Financial Highlights:

  • The standalone revenue from operations for the year ended ended 31st March 2025 was Rs 3,168 crore as against Rs 2,809 crore in the previous year.
  • Earnings before interest, tax, depreciation and amortisation (EBITDA) for the year ended 31st March 2025 stood at Rs 251 crore (before exceptional item of Rs 427 crore) as compared to Rs 306 crore in the previous year.
  • Standalone loss after tax for the year ended was Rs 428 crore (includes Rs 427 crore provision for impairment of investment in subsidiary) as compared to a profit of Rs 107 crore in the previous year.

Muthiah Murugappan, Whole-time Director and Chief Executive Officer commented on the standalone results :

Sugar: The revenues of the sugar segment for the current year were at Rs 1,571 crore as against Rs 1,809 crore in the previous year, registering a de-growth of 13% due to lower crushing which led to lower sugar production and consequently, a lower release quota. The sugar segment registered a loss of Rs 86 crore as compared to a profit of Rs 68 crore for the previous year on account of lower cane volume (38 LMT YTD Mar 25 Vs 50 LMT in YTD Mar 24), lower recoveries and higher cane cost. The sugar realizations increase were not in proportion to the increase in costs.

Distillery: The revenues of the distillery segment for the current year were at Rs 1,102 crore as against Rs 799 crore in the previous year, registering a growth of 38%, benefitting from enhanced capacity utilisation after completion of distillery expansion projects. Although revenues witnessed an increase, the profitability remains under pressure due to higher input costs.

Consumer Products Group (CPG): The Consumer Products Group (CPG) delivered revenues of Rs 884 crore for the current year, registering a growth of 65% over the previous year (Rs 535 crore) aided by an expanded product portfolio with the launch of Branded Staples. The Branded Sweetener category within the CPG delivered a steady performance, registering a growth of 11% over the previous year.

Nutraceuticals: The revenues of the nutraceuticals segment for the current year were at Rs 37 crore as against Rs 31 crore in the previous year, registering an increase of 18%. The loss under this segment stood at Rs 1 crore compared to the previous year’s loss of Rs 10 crore on account of optimization of overheads and the commencement of exports to Europe consequent to receipt of the European certification.

Result PDF

Food & Beverages company EID Parry (India) announced Q3FY25 results

  • The consolidated revenue from operations for Q3FY25 was Rs 8,720 crore registering an increase of 12% in comparison to Q3FY24 of Rs 7,770 crore.
  • Earnings before interest, tax, depreciation and amortisation (EBITDA) for Q3FY25 was Rs 811 crore registering an increase of 79% in comparison to Q3FY24 of Rs 453 crore.
  • The Consolidated profit after tax and non controlling interest was Rs 195 crore in comparison to Rs 118 crore in Q3FY24.

Muthiah Murugappan, Whole-time Director and Chief Executive Officer said:

Sugar: The revenues from sugar segment for the current quarter were at Rs 391 crore as against Rs 435 crore in corresponding quarter, registering a degrowth of 10% due to lower release quota. The sugar segment registered a loss of Rs 49 crore as compared to a loss of Rs 14 crore for the corresponding quarter of previous year on account of lower cane volume (12.70 LMT Q3 Dec 24 vs 17.80 LMT in Q3 Dec 23), lower recovery and higher cane cost. The selling prices continued to be under pressure resulting in higher loss for the current quarter.

Consumer Products Group (CPG): The Consumer Products Group (CPG) delivered revenues of Rs 236 crore for the current quarter, registering a growth of 72% over the corresponding quarter of the previous year (Rs 137 crore) aided by an expanded product portfolio with the launch of Branded Staples. The Branded Sweetener category within the CPG delivered a steady performance, registering a growth of 8% over the corresponding quarter of the previous year.

Distillery: The revenues of the distillery segment for the current quarter were at Rs 289 crore as against Rs 176 crore in corresponding quarter of the previous year, registering a growth of 64%, benefitting from enhanced capacity utilisation after completion of expansion projects and the new distilleries becoming operational. Although revenues have increased, profitability remains under pressure due to higher input costs.

Nutraceuticals: The revenue of the Nutraceuticals segment for the current quarter were at Rs 12 crore as against Rs 8 crore in corresponding quarter of the previous year, registering an increase of 54% . The loss under this segment reduced by Rs 3 crore compared to the corresponding previous quarter after the commencement of exports to Europe consequent to receipt of the European certification.

Result PDF

Food Products company EID Parry (India) announced Q1FY25 results:

Consolidated Performance:

  • Revenue from Operations:

    • Rs 6,747 crore, reflecting a 4% decrease compared to Rs 7,026 crore in the same quarter of the previous year.
  • Earnings Before Depreciation, Interest, and Taxes (EBITDA):

    • Rs 528 crore, a decrease of 19% compared to Rs 652 crore in the corresponding quarter of the previous year (before exceptional items).
  • Consolidated Profit After Tax and Non-Controlling Interest:

    • Rs 225 crore, down from Rs 325 crore in the corresponding quarter of the previous year.

Standalone Performance:

  • Revenue from Operations:

    • Rs 751 crore, up from Rs 698 crore in the corresponding quarter of the previous year.
  • Loss Before Depreciation, Interest, and Taxes (EBITDA):

    • Rs 29 crore loss, widening from a Rs 15 crore loss in the same quarter last year (before exceptional items).
  • Standalone Loss After Tax:

    • Rs 79 crore loss, compared to a profit of Rs 46 crore in the corresponding quarter of the previous year.

Result PDF

Food Products company EID Parry (India) announced Q4FY24 & FY24 results:

Consolidated Q4FY24 Financial Highlights:

  • Consolidated revenue from operations: Rs 5,557 crore for the quarter ended March 31, 2024, marking a 19% decrease from the corresponding quarter of the previous year, which was Rs 6,860 crore.
  • Earnings before depreciation, interest, taxes, and exceptional items (EBITDA): Rs 582 crore for the quarter ended March 31, 2024, compared to Rs 620 crore in the corresponding quarter of the previous year.
  • Consolidated profit after tax: Rs 294 crore for the quarter ended March 31, 2024, compared to Rs 287 crore in the corresponding quarter of the previous year.

Consolidated FY24 Financial Highlights:

  • Consolidated revenue from operations: Rs 29,413 crore for the year ended March 31, 2024, indicating a 17% decrease from the previous year, which was Rs 35,244 crore.
  • Earnings before depreciation, interest, taxes, and exceptional items (EBITDA): Rs 2,891 crore for the year ended March 31, 2024, reflecting a 10% decrease from the previous year, which was Rs 3,195 crore.
  • Consolidated profit after tax: Rs 1,618 crore for the year ended March 31, 2024, compared to Rs 1,828 crore in the previous year.

Standalone Q4FY24 Financial Highlights:

  • Standalone revenue: Rs 717 crore for the quarter ended March 31, 2024, compared to Rs 807 crore in the corresponding quarter of the previous year.
  • Earnings before depreciation, interest, taxes, and exceptional items (EBITDA): Rs 166 crore for the quarter ended March 31, 2024, compared to Rs 327 crore in the corresponding quarter of the previous year.
  • Standalone profit after tax: Rs 80 crore for the quarter ended March 31, 2024, compared to Rs 83 crore in the corresponding quarter of the previous year.

Standalone FY24 Financial Highlights:

  • Standalone revenue from operations: Rs 2,809 crore for the year ended March 31, 2024, compared to Rs 2,895 crore in the previous year.
  • Earnings before depreciation, interest, taxes, and exceptional items (EBITDA): Rs 307 crore for the year ended March 31, 2024, compared to Rs 527 crore in the previous year.
  • Standalone Profit after tax: Rs 107 crore for the year ended March 31, 2024, compared to Rs 197 crore in the previous year.
  • Exceptional Items FY24: The profit after tax for the year ended March 31, 2023, included a net exceptional loss of Rs 111 crore, comprising a provision for impairment of investment in subsidiaries/joint venture of Rs 155 crore and a gain of Rs 44 crore from the sale of properties relating to Puducherry and Pettavaithalai factories.

Result PDF

Sugar company EID Parry (India) announced Q3FY24 & 9MFY24 results:

Consolidated Q3FY24:

  • Consolidated revenue from operations: Rs 7,770 crore
  • Consolidated EBITDA (before exceptional items): Rs 453 crore
  • Consolidated profit after tax: Rs 217 crore

Consolidated 9MFY24:

  • Consolidated revenue from operations: Rs 23,856 crore
  • Consolidated EBITDA (before exceptional items): Rs 2,310 crore
  • Consolidated profit after tax: Rs 1,323 crore

Standalone Q3FY24:

  • Revenue from operations: Rs 668 crore
  • EBITDA (before exceptional items): Rs 24 crore
  • Profit/Loss after tax: Loss of Rs 14 crore

Standalone 9MFY24:

  • Revenue from operations: Rs 2,092 crore
  • EBITDA (before exceptional items): Rs 140 crore
  • Profit after tax: Rs 27 crore

Segemental Performance:

  • Sugar operations:
    • Loss before Interest and Tax: Rs 4 crore
    • Comparison with previous year: Loss of Rs 13 crore
  • Farm Input operations:
    • Profit before Interest and Tax: Rs 336 crore
    • Comparison with previous year: Profit of Rs 778 crore
  • Nutraceuticals Division:
    • Loss before Interest and Tax: Rs 0.31 crore
    • Comparison with previous year: Loss of Rs 2 crore

S Suresh, Managing Director, commenting on the standalone results mentioned that, "The operating performance of the Sugar segment for the current Q3 has been lower as compared to the Q3 of the previous year on account of reduction in export volume due to restrictions imposed by the Government, partially offset by the increase in domestic volume and realization. Cane crushed for the quarter has been slightly lower than the corresponding quarter of the previous year and the sugar recovery has marginally reduced due to prevailing climatic conditions.

Distillery profitability in the current quarter has been better on account of the volume benefits flowing from expansion and better realization. The full benefits of expansion have not flown in the quarter due to change in Government policy on Syrup ethanol/8 Heavy Ethanol.

The Government of India in December 2023 has ordered restrictions on the usage of sugarcane juice/syrup for production of Ethanol with immediate effect. While the total blending in Sugar Year 2022-23 was around 12%, this policy decision is expected to adversely impact the ESP targets and consequently the performance of distilleries.

The Standalone Nutraceuticals segment has registered a loss during the current quarter on account of the continuing certification issues in Europe." 

Result PDF

Sugar company EID Parry (India) announced Q1FY24 results:

  • Consolidated Q1FY24:
    • Revenue from operations for Q1FY24 was Rs 7,026 crore registering a drop of 2% in comparison to Q1FY23 of Rs 7,144 crore.
    • Earnings before depreciation, interest, and taxes (EBITDA) for Q1FY24 was Rs 652 crore registering a decrease of 13% in comparison to Q1FY23 profit of Rs 754 crore (before exceptional items).
    • Profit after tax and non-controlling interest was Rs 109 crore compared to Rs 276 crore in Q1FY23.
  • Standalone Q1FY24:
    • Revenue from operations for Q1FY24 was Rs 698 crore in comparison to Q1FY23 of Rs 719 crore.
    • EBITDA for Q1FY24 was Rs 15 crore compared to a profit of Rs 11 crore in Q1FY23(before exceptional item).
    • Loss after tax for Q1FY24 was Rs 46 crore as against a profit of Rs 13 crore in Q1FY23.

S. Suresh, Managing Director commenting on the standalone results mentioned that “The profitability of sugar and cogeneration segments were lower in Q1FY24 as compared to the corresponding quarter of the previous year on account of reduction in export volumes due to restrictions imposed by the Government and reduced power realisations. However, the Company has managed to crush higher cane volumes of around 4.01 LMT in the current quarter as compared to 2.69 LMT in the corresponding quarter of the previous year.

The distillery segment has performed better owing to higher realisations and increased volumes attributable to the new 120 KLPD dual feed distillery facility in Sankili. Further, the Company commenced grain-based operations in Sankili Distillery during the quarter.

The Standalone Nutraceuticals segment has registered a loss during the current quarter on account of reduced sales due to the existing certification issues in Europe.”

 

Result PDF

Sugar company EID Parry (India) announced Q4FY23 & FY23 results:

  • Consolidated Q4FY23:
    • Revenue from operations for Q4FY23, was Rs 6,860 crore registering an increase of 21% in comparison to Q4FY22 of Rs 5,666 crore.
    • Earnings before depreciation, interest, taxes, and exceptional items (EBITDA) for Q4FY23 was Rs 620 crore against Q4FY22 of Rs 707 crore.
    • Profit after tax was Rs 287 crore compared to Rs 429 crore in Q4FY22
  • Consolidated FY23:
    • Revenue from operations for FY23 was Rs 35,244 crore registering an increase of 50% against FY22 of Rs 23,521 crore.
    • EBITDA for FY23 was Rs 3,195 crore registering an increase of 22% against FY22 of Rs 2,629 crore.
    • Profit after tax was Rs 1,828 crore against the previous year of Rs 1,574 crore.
  • Standalone Q4FY23:
    • Revenue for Q4FY23 was Rs 807 crore in comparison to Q4FY22 of Rs 921 crore.
    • EBITDA for Q4FY23 were Rs 327 crore in comparison to Q4FY22 of Rs 309 crore.
    • Profit after tax for Q4FY23 is Rs 83 crore as against Q4FY22 of Rs 225 crore.
    • Profit after tax for Q4FY23 includes a loss of Rs 155 crore representing provision for impairment of investment in subsidiaries/joint venture.
  • Standalone FY23:
    • Revenue from operations for FY23 was Rs 2,895 crore against the previous year of Rs 2,489 crore and
    • EBITDA for the year ended was Rs 527 crore against the previous year of Rs 492 crore.
    • Profit after tax was Rs 197 crore as against Rs 284 crore in the previous year. The profit after tax for the year ended 31st March 2023 includes a loss of Rs 155 crore representing provision for impairment of investment in subsidiaries/joint venture

S. Suresh, Managing Director commenting on the standalone results for the year mentioned as follows: "The operating profit of the standalone sugar division was better than the previous year on account of better sales realisation and increased domestic sales volume. There was cost pressure on account of higher energy prices partly offset by increased realisation from power export.

Overall cane crush increased during the year to 51.8 LMT from 50.2 LMT in the previous year. Overall sugar sales also increased to 5.19 LMT from 4.95 LMT in the previous year.

The company continues to focus and deliver on the sweating of assets and expansion in core areas. The Company had completed the sale process of the Pettavaithalai plant and commenced 120 KLPD ethanol facility in Sankili from sugar syrup. Also, 165 KLPD expansion in Haliyal and Nellikuppam is in progress.

Despite the increase in interest rates, our effective cash management and cash generated from operations resulted in reduced finance costs of Rs 36 crore from Rs 46 crore in the previous year.

Standalone Nutraceuticals division registered a marginal increase in profitability though there was a 13% reduction in revenue on account of better realisation and reduced input costs."

Result PDF

Sugar company EID Parry (India) announced Q3FY23 results:

Standalone Q3FY23 & 9MFY23:

  • The revenue from operations for Q3FY23 was Rs 727 Crore in comparison to the corresponding quarter of previous year of Rs 686 Crore.
  •  Earnings before depreciation, interest, and taxes (EBITDA) and before exceptional items for the quarter was Rs 63 crore in comparison to the corresponding quarter of the previous year of Rs 72 crore. 
  • Standalone Profit after tax for the quarter was Rs 16 crore as against Rs 18 crore in corresponding quarter of previous year.
  • Revenue from operations for 9MFY23 was Rs 2,095 crore in comparison to the corresponding period of previous year of Rs 1,574 crore.
  • Earnings before depreciation, interest, and taxes (EBITDA) and before exceptional items for the nine months ended 31st December 2022 was Rs 199 crore as against Rs 183 crore in the corresponding period of previous year.
  • Standalone Profit after tax for the nine months ended 31st December 2022 was Rs 114 crore as against Rs 58 crore in corresponding period of the previous year.

Consolidated Q3FY23 & 9MFY23:

  • The consolidated revenue from operations for the quarter ended 31st December 2022 was Rs 9,917 crore, registering an increase of 52% in comparison to the corresponding quarter of previous year of Rs 6,529 crore.
  • Earnings before depreciation, interest and taxes (EBITDA) and before exceptional items for the quarter ended 31st December 2022 was Rs 843 crore registering an increase of 29% in comparison to the corresponding quarter of previous year of Rs 656 rore.
  • Consolidated profit after tax was Rs 482 crore compared to Rs 395 crore in corresponding quarter of previous year.
  • The consolidated revenue from operations for the nine months ended 31st December 2022 was Rs 28,391 crore as against corresponding period of the previous year of Rs 17,862 crore.
  • Earnings before depreciation, interest and taxes (EBITDA) and before exceptional items for the nine months ended 31st December 2022 was Rs 2,574 crore against corresponding period of the previous year of Rs 1,922 crore.
  • Consolidated profit after tax was Rs 1,541 crore as against Rs 1,145 crore in corresponding period of the previous year.

Mr. S Suresh, Managing Director commenting on the standalone results mentioned that "The Company's profitability in the Sugar segment has been slightly reduced in Q3 of current year as compared to the Q3 of the previous year mainly on account of increase in coal prices and reduction in distillery production, partially offset by improved sugar export volumes and realizations.

The Company has crushed higher volumes of cane to the tune of 17.78 LMT in Q3 2022-23 as against 16.17 LMT in Q3 2021-22. During the quarter, the Company was allotted an Export Quota of 0.82 LMT for the Sugar Year 2022-23, of which 0.49 LMT was exported in Q3 22-23.

During the quarter, the Board has approved further augmentation of ethanol capacity by expanding the existing 75 KLPD distillery unit to 120 KLPD distillery unit with an incineration boiler at Nellikuppam with a capital outlay of Rs. 87 Crores for production of ethanol from Syrup and B-heavy molasses.

The Nutraceuticals division has performed better in the current quarter as compared to the corresponding quarter of the previous year at both Standalone and Consolidated levels on account of better realizations and reduced input costs."

 

 

Result PDF

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