EID Parry Q1 FY27 Results: Revenue Rises 3%, Profit Falls to ₹142 Crore
E.I.D.-Parry (India) Limited reported a mixed performance for the first quarter of FY2026-27, with consolidated revenue increasing year-on-year but profitability declining amid weaker margins in key businesses.
For the quarter ended June 30, 2026, consolidated revenue from operations stood at ₹9,017 crore, compared with ₹8,720 crore in Q1 FY26. However, consolidated EBITDA declined to ₹781 crore from ₹895 crore, while profit after tax attributable to the company and non-controlling interests fell to ₹142 crore, compared with ₹246 crore in the corresponding quarter last year.
The company’s Board approved the unaudited standalone and consolidated financial results at its meeting held on August 12, 2026.
EID Parry Q1 FY27 Financial Highlights
| Particulars | Q1 FY27 | Q1 FY26 | YoY Change |
|---|---|---|---|
| Consolidated Revenue | ₹9,017 crore | ₹8,720 crore | +3.4% |
| Consolidated EBITDA | ₹781 crore | ₹895 crore | -12.7% |
| Consolidated PAT | ₹142 crore | ₹246 crore | -42.3% |
| Standalone Revenue | ₹733 crore | ₹756 crore | -3.0% |
| Standalone Operational EBITDA | Loss ₹23 crore | Loss ₹19 crore | Higher loss |
| Standalone Loss After Tax | ₹89 crore | ₹28 crore | Higher loss |
The results show a divergence between revenue and profitability. While consolidated revenue grew, EBITDA declined by nearly 13%, resulting in a sharp fall in consolidated profit.
Consolidated Revenue Grows to ₹9,017 Crore
EID Parry’s consolidated revenue from operations increased from ₹8,720 crore in Q1 FY26 to ₹9,017 crore in Q1 FY27.
The increase was supported largely by the company’s farm-inputs and crop-protection businesses. However, lower profitability in the sugar and distillery businesses weighed on overall earnings.
The company’s consolidated business portfolio includes nutrient and allied products, crop protection, sugar, co-generation, distillery and nutraceuticals.
EBITDA Declines 13%
Consolidated EBITDA declined to ₹781 crore from ₹895 crore in Q1 FY26.
This means the company’s EBITDA margin fell to approximately 8.7%, compared with around 10.3% in the corresponding quarter last year.
The decline reflects pressure across some of the company’s traditional businesses, particularly sugar and distillery, even as the farm-inputs business remained profitable.
Consolidated PAT Falls 42%
Profit after tax and non-controlling interest fell sharply to ₹142 crore from ₹246 crore in Q1 FY26.
That represents a year-on-year decline of approximately 42%.
The earnings pressure was particularly visible in the sugar and biofuel businesses, while farm inputs continued to be the largest contributor to segment profitability.
Farm Inputs Remain the Key Profit Contributor
The Farm Inputs Division reported profit before interest and tax of ₹649 crore in Q1 FY27, compared with ₹741 crore in Q1 FY26.
Although segment profitability declined, the division remained by far the strongest profit contributor within EID Parry’s consolidated operations.
The farm-inputs business is operated primarily through Coromandel International Limited, in which EID Parry has significant exposure.
The company has also expanded its crop-protection portfolio following the acquisition of a controlling stake in NACL Industries Limited.
NACL Acquisition Changes Comparability
One important factor investors should consider when comparing Q1 FY27 with Q1 FY26 is the acquisition of NACL Industries.
Coromandel International acquired 53.08% of NACL Industries’ voting share capital, making NACL a subsidiary with effect from August 8, 2025.
As a result, the company has specifically cautioned that consolidated figures for the quarter ended June 30, 2026 may not be directly comparable with the corresponding quarter of the previous year.
The acquisition expanded EID Parry’s presence in the crop-protection business and contributed to the change in the consolidated business mix.
Sugar Business Faces Margin Pressure
The consolidated Sugar & Biofuel Division reported a loss before interest and tax of ₹58 crore in Q1 FY27, compared with a loss of ₹30 crore in Q1 FY26.
At the standalone level, the sugar segment recorded revenue of ₹410 crore, up 18% from ₹347 crore in Q1 FY26.
However, the segment continued to report an LBIT of ₹49 crore, broadly unchanged from the previous year.
The company said higher sales volumes were offset by increased operating costs, including certain one-time expenses during the quarter.
Sugar Segment
- Revenue: ₹410 crore
- Q1 FY26 Revenue: ₹347 crore
- Revenue growth: 18%
- LBIT: ₹49 crore
- Key driver: Higher sales volumes
- Key challenge: Higher operating costs
Distillery Business Sees Lower Revenue and Profit
The Distillery segment reported revenue of ₹255 crore in Q1 FY27, compared with ₹296 crore in the year-ago quarter.
The decline was primarily attributed to lower off-take of Extra Neutral Alcohol (ENA) by IMFL manufacturers in Tamil Nadu.
Segment profit declined to ₹9 crore from ₹20 crore in Q1 FY26, with lower realisations and higher operating costs affecting profitability.
Consumer Products Business Recalibrates Operations
EID Parry’s Consumer Products Group (CPG) reported revenue of ₹94 crore, compared with ₹188 crore in Q1 FY26.
Despite the sharp decline in revenue, the company said operating margins improved due to a deliberate recalibration of the operating model and a stronger focus on profitability.
The company is transitioning its consumer-products portfolio beyond traditional sugar, with a focus on premium sweeteners, brown sweeteners, jaggery-based products and value-added offerings.
Nutraceuticals Business Turns Profitable
The nutraceuticals business showed a small but positive improvement.
Revenue stood at approximately ₹6 crore, broadly in line with the previous year.
The segment reported a profit of ₹0.01 crore, compared with a loss of ₹0.20 crore in Q1 FY26.
The company attributed the improvement to enhanced operational efficiencies.
At the consolidated division level, nutraceuticals reported an LBIT of only ₹0.11 crore, compared with a loss of ₹10 crore in the year-ago quarter, helped by stronger performance from the company’s US subsidiary, US Nutraceuticals Inc.
Standalone Business Remains Under Pressure
The standalone business recorded revenue from operations of ₹733 crore, compared with ₹756 crore in Q1 FY26.
Operational EBITDA was a loss of ₹23 crore, compared with a loss of ₹19 crore in Q1 FY26.
Standalone loss after tax increased to ₹89 crore, compared with ₹28 crore in the corresponding quarter last year.
The company noted that the standalone loss includes a ₹19 crore net impairment of investments in Parry Sugars Refinery India Private Limited (PSRIPL).
Exceptional Items Impact Earnings
EID Parry’s results also include several exceptional items.
For Q1 FY27, consolidated exceptional items amounted to approximately ₹478 crore.
These included:
- Impairment of property, plant and equipment at the company level
- Impairment of goodwill at Coromandel International
- Closure-related obligations and restructuring costs at PSRIPL
These exceptional items are important when assessing the reported bottom line because they have a material impact on profit for the quarter.
PSRIPL Continues to Require Attention
EID Parry’s subsidiary Parry Sugars Refinery India Private Limited (PSRIPL) remains an area to monitor.
The company disclosed that PSRIPL has outstanding trade receivables of approximately ₹45.72 crore from Parry International FZCO, a wholly owned UAE subsidiary that has ceased operations and is currently under voluntary liquidation.
PSRIPL has recognised a provision of approximately ₹45.37 crore against these receivables.
EID Parry’s Diversified Business Portfolio
EID Parry has a diversified business portfolio spanning:
- Sugar
- Co-generation
- Distillery
- Farm inputs
- Crop protection
- Nutraceuticals
- Consumer products
The company operates six sugar factories with an aggregate crushing capacity of 40,800 TCD, power generation capacity of 140 MW, and five distilleries with total capacity of 582 KLPD.
Its farm-inputs presence through Coromandel International provides the group with significant exposure to India’s agriculture and crop-protection markets.
Moving Beyond Traditional Sugar
One of the longer-term strategic themes for EID Parry is the transition from traditional sugar toward higher-value consumer products.
The company has been expanding its FMCG portfolio since entering the segment in 2023, including premium millets, dals and rice.
It is also developing a portfolio of premium sweeteners, brown sweeteners, jaggery-based products and other value-added offerings.
This strategy could help diversify the company’s revenue base beyond the highly cyclical sugar business.
Ethanol and Distillery Expansion
EID Parry continues to focus on expanding its distillery capacity and maximising ethanol volumes to participate in India’s Ethanol Blended Petrol (EBP) opportunity.
The company said it has been augmenting distillery capacities across its plants while seeking to maximise ethanol volumes.
This remains an important long-term opportunity for the sugar business, although near-term distillery profitability was affected by lower ENA off-take and realisations.