E.I.D.-Parry (India) Limited, one of India’s largest sugar manufacturers, has reported strong financial results for Q3 FY25, with a 12% year-on-year (YoY) increase in revenue and a 65.3% YoY surge in net profit. Despite challenges in the sugar segment, the company’s farm inputs and consumer products divisions drove growth.
Consolidated Financial Highlights (Q3 FY25)
- Revenue: ₹8,720 crore (+12% YoY) from ₹7,770 crore.
- EBITDA: ₹811 crore (+79% YoY) from ₹453 crore.
- Net Profit (PAT): ₹195 crore (+65.3% YoY) from ₹118 crore.
For the nine-month period ended 31st December 2024, consolidated revenue stood at ₹24,797 crore, reflecting a 3.9% YoY increase, while net profit was ₹592 crore, down 12.8% YoY from ₹679 crore.
Standalone Performance (Q3 FY25)
- Revenue: ₹848 crore (+27% YoY) from ₹668 crore.
- EBITDA: -₹19 crore (negative) vs. ₹24 crore positive in Q3 FY24.
- Net Loss: ₹146 crore (includes ₹77 crore impairment provision) vs. ₹14 crore loss last year.
For the nine-month period, standalone revenue grew 12.5% YoY to ₹2,354 crore, but the company reported a ₹196 crore loss compared to a ₹27 crore profit last year.
Segmental Performance (Q3 FY25)
Sugar Division
- Reported a ₹59 crore loss, down from a ₹6 crore profit last year.
- Revenue declined 10% YoY to ₹391 crore due to lower release quotas and higher cane costs.
Farm Inputs Division
- Profit surged to ₹717 crore, up from ₹336 crore last year, driven by strong demand.
Nutraceuticals Division
- Revenue rose 54% YoY to ₹12 crore.
- Loss reduced by ₹3 crore, supported by European export expansion.
Consumer Products Group (CPG)
- Revenue increased 72% YoY to ₹236 crore, driven by branded staples and sweeteners.
- Reported a ₹16 crore loss, widening from ₹10 crore last year.
Distillery
- Revenue rose 64% YoY to ₹289 crore, benefiting from higher capacity utilization.
- Profitability remains under pressure due to higher input costs.
Muthiah Murugappan, Whole-time Director & CEO, highlighted challenges in the sugar segment, citing lower cane availability (12.7 LMT vs. 17.8 LMT last year), lower recovery rates, and price pressures. However, the CPG, distillery, and nutraceutical segments showed strong growth potential.
A Murugappa Group company, E.I.D.-Parry has evolved from a sugar manufacturer into a food, nutrition, and bioenergy enterprise. The company operates six sugar factories, five distilleries, and generates 140 MW of power. It has a strong presence in farm inputs via Coromandel International Limited and is expanding in the FMCG and wellness markets.
