India's EID Parry swings to quarterly loss on muted sugar demand

Dalmia Bharat Sugar And Industries

11/11/2025 11:08

Nov 11 (Reuters) - Indian sugar and ethanol maker EID Parry EIDP.NS reported a loss in the second-quarter on Tuesday, hit by sluggish sugar demand.

The company posted a loss after tax of 2.86 billion rupees ($32.5 million) in the three months ended September 30, from a profit of 282.5 million rupees a year earlier.

Overall revenue from operations slipped 0.2% to 7.54 billion rupees.

Revenue in the company's mainstay sugar segment growth was flat, while for the distillery segment it grew 3.9%.

For further earnings highlights, click [here]

KEY CONTEXT

India’s sugar exports are expected to fall below 800,000 metric tons this season, short of the 1 million-ton quota, as cheaper Brazilian supplies drive down global prices, making Indian shipments less competitive, according to trade and government officials.

The South Asian nation had permitted 1 million tons of sugar exports for the 2025 season to create opportunities for producers to offload surplus stocks and support domestic prices.

Domestic producers saw a 2% year-on-year drop in industry volumes to 6.8 million tonnes in the quarter, while prices held steady. Ethanol output rose sharply by 40% to 1.8 billion litres in July and August, helping cushion earnings for companies with distillery operations.

        PEER COMPARISON

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Revenue growth (%)
Profit growth (%)
Mean rating*
No. of analysts
Stock to price target**
Div yield (%)
E I D-Parry (India)
EIDP.NS
15.47
6.72
20.22
47.99
Strong Buy
1
0.73
0.39
Dalmia Bharat Sugar and Industries
DLMI.NS
9.09
6.96
5.94
-4.38
Hold
1
0.71
1.88
Dwarikesh Sugar Industries
DWAR.NS
7.23
2.99
NULL
NULL
Strong Buy
1
0.58
1.19
Balrampur Chini Mills
BACH.NS
15.56
11.37
15.66
14.97
Strong Buy
6
0.66
0.69

* Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

JULY-SEPTEMBER STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 87.8950 rupees

($1 = 87.8950 Indian rupees)

E.I.D Parry India https://tmsnrt.rs/3JMEDCi

 (Reporting by Yagnoseni Das in Bengaluru; Editing by Ronojoy Mazumdar)

 ((Yagnoseni.Das@thomsonreuters.com;))