E I D Parry India (EIDPARRY) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 consolidated revenue was INR 11,213 crore vs INR 10,462 crore; EBITDA was INR 995 crore vs INR 1,291 crore, and profit attributable to owners was INR 253 crore vs INR 424 crore.

• Sugar & Biofuels recovered with higher sugar volumes and realisations, improved distillery volumes and disciplined costs; Nutraceuticals profitability rose multi-fold YoY.

• Priorities include higher-value growth, operating discipline, cost and cash management, and stronger capabilities across businesses.

Financial highlights

• H1 FY27 consolidated revenue was INR 20,166 crore vs INR 18,279 crore; EBITDA was INR 1,772 crore vs INR 2,158 crore, and profit attributable to owners was INR 394 crore vs INR 671 crore.

• Standalone Q2 revenue was INR 860 crore vs INR 748 crore; operational EBITDA loss narrowed to INR 8 crore from INR 36 crore.

• Standalone H1 revenue was INR 1,593 crore vs INR 1,504 crore; operational EBITDA loss narrowed to INR 36 crore from INR 57 crore.

• Standalone Q2 loss after tax was INR 22 crore vs INR 286 crore; the prior-year loss included net exceptional impairment/reversal items of INR 352 crore.

• Consolidated H1 net cash from operating activities was INR 584.93 crore; net cash used in financing was INR 1,425.98 crore.

Outlook and guidance

• H2 priorities include accelerating digital interventions, monitoring policy and market developments, and strengthening leadership, critical capabilities and accountability.

• Jaggery facility commissioning is expected by Q4 FY27, one quarter later than planned due to statutory approval delays; farmer engagement programs have intensified, with benefits expected in cane yields and recovery.

• A proposal to sell the Sivagangai Distillery Unit as a going concern was approved on November 13, after the reporting date; it is a non-adjusting event for Q2 results.

• A voluntary separation scheme was approved for employees at one plant on August 12; it was communicated after September 30, so no obligation was recognized at quarter-end.