EID Parry India Limited has informed the Exchange about Transcript
EIDPARRY · price
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EID Parry reported Q1 FY26 results: sugar revenue fell 14% to INR 347 crores due to lower government release quotas, though selling price improved to INR 41.99/kg from INR 38.60/kg. Sugar recovery was under pressure at 8.02% versus 8.6% last year, and cane costs rose to INR 3,844/MT following the FRP hike to INR 3,400/MT. The Consumer Products Group fell 11% to INR 192 crores on lower sweetener quota, partly offset by 33% growth in staples. Distillery revenue grew to INR 296 crores (vs INR 263 crores) on better realisations, while refinery revenue declined to INR 908 crores but swung to a small profit of INR 67 lakhs from a loss. Short-term debt nearly doubled to INR 461 crores, which the CFO attributed to molasses procurement and higher working capital needs. Management said the ethanol capex cycle is complete, no major capacity expansion is planned, and the focus areas are biofuels/bioenergy and the Consumer Products Group.
Mixed quarter for shareholders: sugar volumes were hurt by quotas and lower recovery, while distillery realisations improved and refinery returned to profit. The sharp rise in short-term debt is a concern, though management indicated it should stay around INR 1,100 crores. The stock may react to ethanol pricing hopes and CPG growth, but capacity expansion is off the table for now.