India's EID Parry posts higher quarterly profit on strong sugar performance

E I D-Parry (India)

26/05/2026 11:17

May 26 (Reuters) - India's EID Parry EIDP.NS reported a nearly 11% rise in fourth-quarter profit before exceptional items and tax on Tuesday, driven by higher sugar realizations.

Here are some details:

The Murugappa Group firm's profit before exceptional items and tax rose to 1.78 billion rupees ($18.6 million) for the quarter ended March 31, from 1.61 billion rupees a year earlier

However, it booked a loss after tax of 3.40 billion rupees, wider than the 2.32 billion rupee loss a year earlier, as higher exceptional charges from subsidiary-related provisions and impairments weighed on profitability

Exceptional items rose to about 4.78 billion rupees, from 3.5 billion rupees a year earlier

Revenue from operations rose 3.9% year-on-year to 8.46 billion rupees, supported by higher sugar realizations and stable distillery sales

Revenue from the sugar segment rose 14.3% year-on-year, while the distillery segment, which produces ethanol, saw revenue rise 2.4%

Total expenses rose about 6.3% year-on-year, led by higher raw material cost

Sugar realizations increased to 46.4 rupees per kg from 42.1 rupees a year earlier

Earlier in May, India banned sugar exports until September 30, tightening overseas shipments to safeguard domestic supplies

Peers Dalmia Bharat Sugar and Industries DLMI.NS and Balrampur Chini Mills BACH.NS posted lower quarterly profit earlier this month, hit by higher cane costs and supply constraints

($1 = 95.6000 Indian rupees)

 (Reporting by Bipasha Dey in Bengaluru; Editing by Mrigank Dhaniwala)

 ((Bipasha.Dey@thomsonreuters.com;))