EID Parry Q1 FY 2026-27 Results: Net Profit Falls 43% To Rs 142 Crore, Revenue Rises 3%
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EID Parry Q1 FY 2026-27 Results: EID Parry reported a 42.5% year-on-year decline in consolidated profit attributable to owners to Rs 141.60 crore in Q1 FY27, despite a 3.4% rise in revenue.
EID Parry Q1 FY 2026-27 Results: Murugappa Group-owned E.I.D.-Parry (India) Ltd reported its financial results for the quarter ended June 30, 2026, on Wednesday, August 12.
Consolidated profit after tax attributable to owners of the company declined 42.5% year-on-year to Rs 141.60 crore, compared with Rs 246.28 crore in the year-ago quarter, as higher expenses and weaker performance in some key businesses weighed on earnings.
Consolidated revenue from operations rose 3.4% year-on-year to Rs 9,017.52 crore, from Rs 8,719.75 crore a year earlier.
EBITDA declined 6.8% to Rs 750.6 crore from Rs 805.4 crore, while EBITDA margin narrowed to 8.3% from 9.2% in the corresponding quarter last year. Total expenses increased 5.3% year-on-year to Rs 8,624.59 crore from Rs 8,193.94 crore.
On a sequential basis, EID Parry swung to a profit attributable to owners of Rs 141.60 crore from a loss of Rs 333.30 crore in the March quarter. Revenue from operations rose 14.4% from Rs 7,882.33 crore, while total expenses increased 13.3% from Rs 7,615.11 crore.
On a standalone basis, the company reported a net loss of Rs 89 crore for the quarter, compared with a loss of Rs 28 crore in the corresponding quarter last year. The loss included an impairment of Rs 19 crore in investments in subsidiary Parry Sugars Refinery India Pvt Ltd (PSRIPL). Standalone revenue from operations stood at Rs 733 crore, compared with Rs 756 crore in Q1 FY26.
Business Performance
The nutrient and allied business remained EID Parry's largest segment by revenue, generating Rs 6,951.03 crore during the quarter, up 9.5% from Rs 6,345.81 crore a year earlier. However, segment profit declined to Rs 478.91 crore from Rs 629.48 crore in the year-ago quarter.
The crop protection business recorded a sharp increase in revenue to Rs 1,250.76 crore from Rs 724.85 crore, while segment profit rose to Rs 170.15 crore from Rs 111.16 crore.
The sugar business recorded consolidated revenue of Rs 475 crore, down sharply from Rs 1,258.34 crore a year earlier. The segment's loss before tax and interest widened to Rs 44.83 crore from Rs 30.44 crore.
On a standalone basis, however, the sugar segment recorded revenue of Rs 410 crore, up 18% from Rs 347 crore a year earlier, primarily driven by higher sales volumes.
Distillery revenue fell to Rs 254.82 crore from Rs 295.28 crore, while segment profit declined to Rs 8.66 crore from Rs 20.27 crore.
Nutraceuticals revenue more than doubled to Rs 61.08 crore from Rs 26.94 crore, while the segment's loss narrowed sharply to Rs 0.11 crore from Rs 9.97 crore.
Consumer products revenue declined to Rs 94.20 crore from Rs 187.99 crore, although the segment's loss narrowed to Rs 11.98 crore from Rs 17.47 crore.
Co-generation revenue declined to Rs 6.66 crore from Rs 7.53 crore, while the segment loss widened to Rs 21.93 crore from Rs 19.50 crore.
EID Parry operates six sugar factories with an aggregate crushing capacity of 40,800 tonnes a day. It also has 140 MW of co-generation capacity and five distilleries with a combined capacity of 582 kilolitres a day.
Management Commentary
Muthiah Murugappan, Whole-time Director and Chief Executive Officer of EID Parry, said the sugar segment recorded revenue of Rs 410 crore for the quarter ended June 30, 2026, compared with Rs 347 crore in the corresponding quarter of the previous year.
He attributed the 18% growth primarily to higher sales volumes.
EID Parry Share Price
Shares of EID Parry were trading 2.02% lower at Rs 772.55 on the National Stock Exchange.
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Rochelle Britto is a business journalist with 8+ years of experience in financial journalism. She covers equity markets, corporate earnings, IPOs, commodities and the economy.
As a reporter with leading business publications, she has tracked financial markets and covered sectors including banking and financial services, retail, consumer goods, advertising and e-commerce.
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