E.I.D Parry Reports Strong Earnings Despite Sugar Segment Decline
E.I.D. Parry (INDIA) Ltd reported a consolidated profit after tax of Rs 464.46 crore for the April-June 2025 quarter, a sharp increase from the same period last year. The company's diversified divisions saw varied performance, with notable growth in the farm inputs and distillery segments.
- Country:
- India
Sugar manufacturer E.I.D. Parry (INDIA) Ltd, part of the Murugappa Group, announced a substantial consolidated profit after tax of Rs 464.46 crore for the April-June 2025 quarter, a significant increase from Rs 225.87 crore in the same quarter last year.
The financial year ending March 31, 2025, saw consolidated profits of Rs 1,772.54 crore, buoyed by surges in the farm inputs division which recorded a Rs 741 crore profit – up from Rs 494 crore a year earlier – and the distillery segment, which saw a 12% revenue increase to Rs 296 crore due to enhanced capacity.
The sugar segment, however, reported a 14% revenue decrease attributed to a reduced release quota, registering Rs 347 crore. The neutraceuticals division experienced a revenue de-growth of 29% to Rs 5.94 crore due to cost optimisation efforts, leading to a Rs 10 crore loss.
(With inputs from agencies.)
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