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Earnings Call Transcript

EID Parry (India) Earnings Call Transcript: Key Takeaways

Management pivots to margin-accretion via CPG restructuring and Neutra growth as core sugar operations face feedstock shortages and rising cane costs in TN/AP.

Highlights
Revenue growth18% YoY growth in sugar revenue driven by higher sales volumes.
MarginsRestructuring CPG for higher absolute margin pool; Neutra margins at 12-15%.
Demand visibilitySteady domestic demand for sugar and E20 ethanol program support.
Management confidenceBalanced; optimistic on CPG margins but cautious on cane availability.

Growth

Revenue rose 18% to 410Cr driven by volume, though sugar margins suffer from higher cane landing costs.

Outlook

Targeting CPG quarterly break-even in 4-5 quarters; 15% steady-state EBITDA margins for Neutraceuticals.

Risks

5% de-growth in TN/AP cane crushing; heavy reliance on Karnataka recovery to offset lower regional yields.

Last quarter's promises, checked

Delivered

  • Settle PSRIPL bank loans by 30-Jun-26 → $78M paid/scheduled by June (= BEAT)
  • Exit SEZ by 30-Sep-26 → Formalities commenced/in-principle letter obtained (= BEAT)
  • Maintain Karnataka/TN crushing days → 77 days vs 76 days YoY (= BEAT)

Partly delivered

  • CPG revenue growth → 48% decline due to recalibration (= MISS)
  • Nutra consolidated turnover → Rs. 50Cr vs Rs. 60Cr YoY (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: EIDPARRY. Summary written with AI assistance from the document.

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EID Parry (India) Ltd: key numbers

Share price
₹704.75
Market cap
₹12,541 Cr
Revenue (annual)
₹38,534 Cr
Net profit (annual)
₹569.5 Cr
P/E (TTM)
27.0×Sector 29.0×
Promoter holding
41.28%-0.16% QoQ
FII holding
11.21%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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