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EID Parry India Limited (EIDPARRY)

₹694.15 -1.11% last close, 16 Oct

📊 NSE: EIDPARRY 🏢 Sugar 📢 Latest filing: 12 Oct 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, EID Parry's revenue was ₹9,018 Cr (+3.4% year on year, +14.4% on the previous quarter), and net profit ₹312 Cr (-32.8% year on year); the operating margin was 8.3%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹9,018	+3.4%	+14.4%
Operating profit	₹751	-6.7%	+22.9%
Net profit	₹312	-32.8%	from loss
EPS (₹)	7.96	-42.5%	from loss
Operating margin	8.3%	—	—

Full quarterly financials → Results calendar →

EIDPARRY delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 49.72% of the EIDPARRY shares traded on NSE were taken to delivery, against the stock's own 20-session average of 47.58%. That is close to its usual level.

49.72%Delivery, 16 Oct

47.58%Own 20-session average

0.7×Volume vs its average

₹694.15NSE close · -1.11%

Delivery in the last 5 sessions: 44.7% · 44.1% · 45.2% · 41.8% · 49.7%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

EID Parry Appoints Vijay Sivaraman as Chief Technology Officer Effective October 15, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 12 Oct 2026, 06:26 PM

EID Parry India Limited has announced the appointment of Mr. Vijay Sivaraman as Chief Technology Officer (Senior Management Personnel) effective October 15, 2026. Mr. Sivaraman brings over 20 years of experience across FMCG, manufacturing, and supply chain, having most recently served as Chief Digital & Information Officer - Glass at Saint-Gobain India. The appointment aligns with the company's stated focus on digital transformation in its agri-supply chain and expanding its consumer products business.

Vijay Sivaraman appointed as Chief Technology Officer effective October 15, 2026
Candidate brings over 20 years of technology experience across FMCG, manufacturing, supply chain, retail, and logistics
Candidate is 45 years of age and was recognised as a Top 100 CIO in 2024 by IDC and Global CIO Forum
Most recently served as Chief Digital & Information Officer - Glass at Saint-Gobain India Private Limited

💡 Track execution in future operational updates regarding digital transformation across the agri-supply chain and farmer engagement.

E.I.D. Parry CIO Chandrasekar V R Resigns Effective December 31, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 09 Oct 2026, 06:49 PM

E.I.D. - Parry (India) Limited announced the resignation of Chandrasekar V R from his position as Senior AVP and Chief Information Officer (CIO). The resignation was tendered on October 9, 2026, citing personal pre-commitments. He will be relieved from his duties at the close of business hours on December 31, 2026, allowing an orderly transition period of nearly three months.

Chandrasekar V R tendered resignation as Senior AVP & Chief Information Officer on October 9, 2026
Effective date of cessation set for December 31, 2026
Departure cited as due to personal pre-commitments
Provides an orderly transition period of nearly 3 months until December 31, 2026

💡 Monitor upcoming filings for the appointment of a successor CIO to ensure continuity in digital initiatives and agri-supply chain transformation.

E.I.D. Parry CIO Chandrasekar V R Resigns Effective December 31, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 09 Oct 2026, 06:35 PM

Chandrasekar V R tendered resignation as Senior AVP & Chief Information Officer on October 9, 2026
Effective date of cessation set for December 31, 2026
Departure cited as due to personal pre-commitments
Provides an orderly transition period of nearly 3 months until December 31, 2026

💡 Monitor upcoming filings for the appointment of a successor CIO to ensure continuity in digital initiatives and agri-supply chain transformation.

CRISIL Assigns Voluntary ESG Rating of 61 ('Strong') to E.I.D. - Parry for FY 2025-26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Aug 2026, 11:45 AM

E.I.D. - Parry (India) Limited announced that CRISIL ESG Ratings & Analytics Limited has assigned it an ESG Rating of 61 ('Strong') for FY 2025-26. The rating was assigned independently on a voluntary basis using publicly available information, without formal engagement by the company. The assessment was submitted to stock exchanges on August 24, 2026. This announcement carries no immediate financial or operational impact.

CRISIL ESG Ratings assigned an ESG score of 61 ('Strong') for FY 2025-26
Assessment was conducted voluntarily by CRISIL based on public domain data
Company confirmed it did not solicit or engage CRISIL for this evaluation
Rating report was filed with BSE and NSE on August 24, 2026, at 8:07 p.m.

💡 Track institutional ESG mandate eligibility, but focus primarily on quarterly sugar realizations, distillery utilization, and ethanol production trends.

EID Parry Q1 FY27 Concall: Sugar Revenue at ₹410 Cr; ₹610 Cr Infused for PSRIPL Refinery Debt Settlement

🟡 NEUTRAL ⭐ 5/10

EARNINGS 📅 19 Aug 2026, 11:09 AM

EID Parry released its Q1 FY27 conference call transcript, detailing quarterly operational metrics and restructuring progress. Sugar segment revenue rose to ₹410 crore (from ₹347 crore YoY) driven by sales of 0.89 LMT, despite lower crushing of 1.47 LMT in Tamil Nadu. The distillery segment recorded sales of 380 lakh liters with realization at ₹63.49 per liter. Significantly, the company has infused ₹610 crore to settle all bank liabilities for the closure of subsidiary PSRIPL, with SEZ debonding targeted by September 30, 2026.

Infused ₹610 crore into refinery subsidiary PSRIPL to fully settle all bank obligations and close liabilities
Sugar revenue grew to ₹410 crore (vs ₹347 crore YoY) on higher sales volume of 0.89 LMT (vs 0.56 LMT YoY)
Distillery segment sold 380 lakh liters (242 LL ethanol, 138 LL ENA) at an average realization of ₹63.49/liter
Cane crushed stood at 1.47 LMT with gross recovery of 7.95% and average cane landed cost at ₹4,031/MT
Planning non-core land parcel sales in FY27 to support debt reduction

💡 Track the completion of SEZ debonding and plant liquidation for PSRIPL by September 30, 2026, alongside recovery rates in upcoming crushing seasons.

77.7% Shareholders Approve Asset Disposal of Material Subsidiary Parry Sugars Refinery

🟡 NEUTRAL ⭐ 6/10

ROUTINE 📅 14 Aug 2026, 03:51 PM

EID Parry's shareholders have approved all resolutions at the 51st AGM, most notably the disposal of assets of its material subsidiary, Parry Sugars Refinery India Private Limited (PSRIPL). While the special resolution passed with 77.7% overall support, a significant 63.97% of institutional investors voted against the asset disposal. This move follows a period of financial stress for the refinery, where operating profits fell from Rs 45 Cr to Rs 7 Cr due to narrowing spreads. The company recently stabilized this subsidiary by infusing Rs 150 Cr in equity and converting Rs 200 Cr of debt into equity.

Special resolution for disposal of PSRIPL assets passed with 77.70% total votes in favour
63.97% of Public Institutional votes (2.84 Cr shares) were cast against the disposal of refinery assets
Standalone and Consolidated financial statements for FY26 were adopted with over 99.99% approval
Company previously stabilized PSRIPL with a total capital infusion of Rs 350 Cr (equity and ICD conversion)
Refinery operating profits recently declined to Rs 7 Cr from Rs 45 Cr due to a 20% drop in white sugar prices

💡 Investors should monitor the specific terms, valuation, and timeline for the disposal of PSRIPL assets and how the proceeds are utilized to support the pivot toward ethanol and consumer goods.

EID Parry Releases Audio Recording of Q1 FY27 Analyst Conference Call

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Aug 2026, 03:54 PM

EID Parry has published the audio recording link for its Q1 FY27 earnings call held on August 13, 2026. The call discussed the financial performance for the quarter ended June 30, 2026, a period following a challenging FY26 where the company reported a TTM loss of Rs 655 crore. Management's strategy involves a pivot to ethanol with a target of >18 crore liters in FY26 and scaling consumer products. This filing is a standard regulatory requirement to ensure equitable access to information for all shareholders.

Investor conference call held on August 13, 2026, at 11:00 am
Pertains to unaudited financial results for the quarter ended June 30, 2026
Company is navigating a TTM net loss of Rs 655 crore as per latest financial context
Management is targeting ethanol production of >18 crore liters in FY26
Distillery capacity was previously expanded to 582 KLPD in FY25

💡 Investors should review the recording for management's guidance on sugar MSP impacts and the execution timeline for reaching the 18 crore liter ethanol target.

EID Parry 51st AGM: Shareholders Approve Disposal of Material Subsidiary Assets

🟡 NEUTRAL ⭐ 6/10

BOARD_MEETING 📅 12 Aug 2026, 07:11 PM

EID Parry held its 51st AGM on August 12, 2026, where shareholders approved the disposal of assets of its material subsidiary, Parry Sugars Refinery India Private Limited (PSRIPL). This move follows a significant drop in refinery operating profits from Rs 45 crore to Rs 7 crore due to narrowing white sugar spreads. The company is pivoting towards a multi-pronged model, targeting ethanol production of over 18 crore liters in FY26. Despite a TTM loss of Rs 655 crore, the company is scaling its Consumer Products Group, which saw 65% growth in FY25.

Shareholders approved a Special Resolution for the disposal of assets of material subsidiary Parry Sugars Refinery India Private Limited.
Targeting ethanol production of >18 crore liters in FY26 to reduce dependence on the cyclical sugar business.
Refinery operating profits declined to Rs 7 crore from Rs 45 crore due to a 20% drop in global white sugar prices.
Distillery capacity expanded to 582 KLPD in FY25, up from 417 KLPD, to support the ethanol pivot.
Infused Rs 150 crore equity and converted Rs 200 crore of ICDs into equity to stabilize the PSRIPL balance sheet prior to disposal.

💡 Monitor the timeline and valuation realized from the disposal of PSRIPL assets and the quarterly progress toward the 18 crore liter ethanol production target.

Rs 89 Cr Standalone Loss in Q1 FY27 as Consumer Product Volumes Drop 49%

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 12 Aug 2026, 02:14 PM

EID Parry reported a standalone net loss of Rs 89.29 Cr for Q1 FY27, significantly wider than the Rs 27.92 Cr loss in the year-ago quarter. Revenue from operations declined 3% YoY to Rs 733.12 Cr, primarily due to a 50% drop in Consumer Product segment revenue. While the company successfully doubled its Value Added Portfolio (VAP) saliency to 32%, total consumer pack volumes fell by 49% following price hikes and channel corrections. The refinery subsidiary (PSRIPL) remains in liquidation following its closure in March 2026.

Standalone net loss widened to Rs 89.29 Cr from Rs 27.92 Cr in the year-ago quarter
Consumer Product segment revenue fell 50% YoY to Rs 94.20 Cr from Rs 187.99 Cr
Consumer pack volumes dropped 49% to 14,213 MT from 28,011 MT YoY
Value Added Portfolio (VAP) saliency increased to 32% from 16% YoY
Average realization for consumer packs increased 17% to Rs 51.2/kg from Rs 43.7/kg

💡 Monitor the stabilization of consumer pack volumes in upcoming quarters to see if the premiumization strategy (higher realizations) can offset the current volume loss. Watch for the completion of asset sales from the discontinued refinery operations to improve the balance sheet.

EID Parry Q1 Standalone Loss Widens to Rs 89.3 Cr; Consumer Pack Realization Up 17%

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 12 Aug 2026, 02:09 PM

EID Parry reported a standalone net loss of Rs 89.29 Cr for Q1 FY27, a significant increase from the Rs 27.92 Cr loss in Q1 FY26. Standalone revenue from operations declined 3% YoY to Rs 733.12 Cr. While the sugar and consumer products segments remained loss-making at the EBIT level, the company achieved a strategic shift in its consumer business, with value-added products now comprising 32% of the portfolio. The distillery segment saw a sharp 57% decline in profits to Rs 8.66 Cr.

Standalone net loss widened to Rs 89.29 Cr from Rs 27.92 Cr in the year-ago period.
Consumer pack realization increased 17.1% to Rs 51.2/kg from Rs 43.7/kg YoY.
Value Added Portfolio (VAP) saliency doubled to 32% from 16% in Q1 FY26.
Distillery segment profit fell to Rs 8.66 Cr from Rs 20.27 Cr YoY.
Consumer pack volumes declined 23% to 21,501 MT from 28,011 MT due to price hikes and channel corrections.

💡 Investors should monitor the volume recovery in the consumer pack segment following recent price hikes and the progress of asset liquidations in the discontinued PSRIPL refinery business.

Retirement of Independent Director Dr. Rea Godbole after 2 consecutive terms

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 04 Aug 2026, 05:52 PM

EID Parry India Limited has announced the retirement of Dr. (Ms.) Rea Godbole from its Board of Directors effective August 4, 2026. This change is a result of the completion of her two consecutive terms as an Independent Director, as mandated by SEBI regulations. The company, which reported a TTM revenue of Rs 10,169 Cr, is currently undergoing a strategic pivot toward ethanol and consumer products. This retirement is a routine governance event and is not expected to impact the company's operational or financial performance.

Dr. (Ms.) Rea Godbole retired as Independent Director effective August 4, 2026.
The retirement follows the completion of 2 consecutive terms as per SEBI (LODR) Regulations.
The company maintains a TTM revenue of Rs 10,169 Cr and a sugar crushing capacity of 40,800 TCD.
The filing was made in compliance with Regulation 30 of the SEBI Listing Regulations.

💡 Monitor for the appointment of a new Independent Director to ensure the board remains compliant with regulatory composition requirements.

EID Parry Schedules Q1FY27 Earnings Call for August 13, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 03 Aug 2026, 05:31 PM

EID Parry India Limited has scheduled its post-results conference call for the quarter ended June 30, 2026, on August 13, 2026, at 11:00 AM IST. The call will be led by CEO Muthiah Murugappan and senior management to discuss the unaudited financial results. This follows a difficult FY26 where the company reported a TTM loss of ₹655 crore on revenue of ₹10,169 crore. Investors will likely seek updates on the company's pivot toward ethanol and branded consumer goods.

Conference call scheduled for August 13, 2026, at 11:00 hrs IST regarding Q1FY27 results.
Management participation includes Whole Time Director & CEO Mr. Muthiah Murugappan.
The call follows a TTM revenue performance of ₹10,169 crore and a TTM PAT loss of ₹655 crore.
Discussion will focus on unaudited financial results for the quarter ended June 30, 2026.
The interaction is open to all investors and financial institutions via universal access numbers.

💡 Monitor the Q1FY27 financial results release and the subsequent management commentary regarding ethanol production targets (FY26 target >18 crore liters) and sugar recovery rates.

EID Parry Schedules 51st AGM for August 12, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 18 Jul 2026, 12:22 PM

EID Parry India Limited has announced that its 51st Annual General Meeting (AGM) will be held on Wednesday, August 12, 2026. The meeting will be conducted virtually through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The company has confirmed the dispatch of the Annual Report for FY 2025-26 and the AGM notice to shareholders, as per advertisements published in Business Standard and Dinamani on July 18, 2026.

51st Annual General Meeting scheduled for August 12, 2026
Meeting to be held via Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
Annual Report for FY 2025-26 has been served to shareholders
Advertisements published in Business Standard (English) and Dinamani (Tamil) on July 18, 2026

💡 Investors should review the Annual Report for FY 2025-26 to assess the company's progress on its ethanol capacity expansion (targeting >18 crore liters) and the growth of its Consumer Products Group.

EID Parry FY26 BRSR: Sugar and Distillery Segments Contribute 77% of Total Turnover

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 17 Jul 2026, 08:41 PM

EID Parry has released its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26, detailing its operational shift toward a multi-pronged architecture. Sugar remains the primary revenue driver at 40.14% of turnover, while the Distillery segment has grown to 36.90%. The Consumer Product Group now represents a significant 19.46% of turnover, reflecting the company's strategy to reduce dependency on cyclical sugar markets. Despite its scale, exports remain a minor component at just 1.06% of total turnover.

Sugar and Distillery segments combined account for 77.04% of the entity's total turnover
Consumer Product Group (CPG) has reached a 19.46% share of turnover, up from previous years
Export contribution remains low at 1.06% of total turnover for the financial year
Permanent employee turnover rate increased to 18.11% in FY26 from 16.15% in FY25
The company maintains 10 domestic plants and 1 international plant through its subsidiaries

💡 Investors should monitor the execution of the 'multi-pronged architecture' strategy, specifically the growth in the Consumer Product Group and Ethanol volumes in upcoming quarterly results to offset sugar price volatility.

51st AGM Scheduled for Aug 12, 2026; Focus on Ethanol and Consumer Product Expansion

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 17 Jul 2026, 08:35 PM

EID Parry has scheduled its 51st Annual General Meeting for August 12, 2026, following a challenging fiscal year where TTM revenue stood at ₹10,169 Cr with a net loss of ₹655 Cr. The company is actively pivoting from a sugar-centric model to a multi-pronged architecture, targeting over 18 crore liters of ethanol in FY26. To stabilize its subsidiary, PSRIPL, the company infused ₹150 Cr in equity and converted ₹200 Cr of inter-corporate deposits into equity. Investors should note the 65% growth in the Consumer Products Group during FY25 as a key diversification metric.

51st Annual General Meeting (AGM) to be held on August 12, 2026, via Video Conferencing.
Targeting ethanol production of >18 crore liters in FY26, supported by a distillery capacity of 582 KLPD.
Consumer Products Group (CPG) achieved 65% growth in FY25, a core part of the diversification strategy.
Financial stabilization of PSRIPL subsidiary through ₹150 Cr equity infusion and ₹200 Cr ICD conversion.
Targeting 43-44 LMT of cane crushing in FY26, maintaining a sugar crushing capacity of 40,800 TCD.

💡 Monitor the AGM for management commentary on ethanol blending mandates and the execution timeline for scaling the branded consumer products segment.

View All EIDPARRY Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue grew 7.46% to INR 31,608.61 Cr. Standalone revenue grew 12.8% to INR 3,168.12 Cr. Segment growth included Consumer Products Group (CPG) at 65% and Distillery at 42%, while Sugar, Co-generation, and Refinery segments experienced sluggish growth or declines due to lower cane availability and global price drops.

Geographic Revenue Split

100% of sugar manufacturing operations are concentrated in South India, with seven units located across Tamil Nadu, Karnataka, and Andhra Pradesh.

Profitability Margins

Consolidated Net Profit After Tax was INR 1,772.54 Cr (FY25). Standalone performance resulted in a Net Loss of INR 428.30 Cr, primarily due to a one-time impairment provision of INR 427.15 Cr for the refinery subsidiary PSRIPL. Operating profitability is expected to remain at low levels of 2.5-3% in the near term.

EBITDA Margin

Consolidated EBITDA was INR 2,992.64 Cr, representing a 9.47% margin, up 3.5% YoY from INR 2,891.43 Cr. Standalone EBITDA fell 17.9% to INR 251.81 Cr due to higher cane costs and lower recovery rates.

Capital Expenditure

Total planned capex for FY25 included INR 166.71 Cr for the Haliyal distillery expansion and INR 84.99 Cr for the Nellikuppam unit. Future maintenance capex is estimated at less than INR 100 Cr per annum.

Credit Rating & Borrowing

Reaffirmed 'CARE A1+' for short-term instruments and 'CRISIL AA/Stable' for long-term facilities. Borrowing costs are optimized through access to CP markets and Murugappa group financial flexibility.

⚙️ Operational Drivers

Raw Materials

Sugarcane is the primary raw material, accounting for the majority of production costs. Raw sugar is also imported for the refinery segment.

Import Sources

Sugarcane is sourced locally from farmers in Tamil Nadu, Karnataka, and Andhra Pradesh. Raw sugar for the refinery is sourced from global markets including Brazil.

Key Suppliers

Primary suppliers are local sugarcane farming communities in South India.

Capacity Expansion

Current sugar crushing capacity is 40,800 TCD. Distillery capacity was expanded from 417 KLPD to 582 KLPD in FY25. Co-generation capacity stands at 140 MW.

Raw Material Costs

Cane costs rose in FY25, impacting standalone profitability. Procurement is managed through direct farmer relationships and government-mandated pricing (FRP/SAP).

Manufacturing Efficiency

Targeting 43-44 LMT of cane crushing in FY26. Efficiency is measured by recovery rates, which moderated in FY25 due to climatic factors.

Logistics & Distribution

Distribution costs are a significant factor for the CPG segment as it scales branded sugar products across India.

📈 Strategic Growth

Expected Growth Rate

2-3%

Growth Strategy

Growth will be achieved by pivoting from a sugar-centric model to a multi-pronged architecture focusing on ethanol (targeting >18 crore liters in FY26), scaling the Consumer Products Group (which grew 65% in FY25), and expanding the Nutraceuticals business.

Products & Services

Refined Sugar, Ethanol, Cogenerated Power, Nutraceuticals (Spirulina, Chlorella), and Branded Consumer Sugar products.

Brand Portfolio

Parry's

New Products/Services

Expansion into branded consumer products and digital transformation of the agri-supply chain to improve farmer engagement.

Market Expansion

Focus on unlocking latent potential in adjacencies like nutraceuticals and increasing the footprint of branded consumer goods.

Market Share & Ranking

Established market leader in the South Indian sugar industry and a major player in the Indian ethanol segment.

Strategic Alliances

Joint Venture with Algavista Greentech Pvt Ltd for nutraceuticals.

🌍 External Factors

Industry Trends

The industry is shifting toward a 'Sugar-to-Ethanol' model to reduce cyclicality. EID Parry is positioned to benefit from the national 20% ethanol blending target by FY26.

Competitive Landscape

Fragmented industry with regional competition; EID Parry differentiates through its integrated Murugappa Group ecosystem.

Competitive Moat

Durable advantage derived from a 56.16% stake in Coromandel International Limited (CIL), valued at >INR 38,700 Cr, providing significant dividend income (INR 199 Cr in FY25) and financial flexibility.