E I D Parry India (EIDPARRY) Q4 24/25 earnings summary

Executive summary

• Global sugar deficit widened to 3.9 million tons in 2024-25 due to production cuts in India, Pakistan, and Thailand, with continued tightness projected for 2025-26.

• Achieved consolidated revenue of ₹7,523 Cr for FY25, with 72% growth in Consumer Product Group (CPG) sales driven by the launch of staples.

• Board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2025.

• India's sugar production for 2024-25 is estimated at 30.3 million metric tons, with improved recoveries and positive planting trends.

• Received multiple awards for EHS, sustainability, and CSR initiatives.

Financial highlights

• Consolidated revenue for Q4 FY25 was Rs. 6,811 crore, up 23% YoY; full year revenue was Rs. 31,609 crore, up from Rs. 29,413 crore.

• Standalone revenue from operations increased to ₹3,168 Cr in FY25 from ₹2,809 Cr in FY24.

• Standalone PAT was a loss of ₹428 Cr in FY25, impacted by exceptional items and impairment provisions.

• Distillery segment revenue grew to ₹1,102 Cr, while sugar segment revenue declined to ₹1,571 Cr.

• Consolidated EBITDA (excluding exceptional items) for Q4 FY25 was Rs. 626 crore, up 8% YoY; full year EBITDA was Rs. 2,992 crore.

Outlook and guidance

• Management maintains a neutral outlook with a positive bias for sugarcane availability, citing timely monsoons and positive planting progress.

• Focus on expanding CPG distribution, scaling up staples, and leveraging brand equity.

• Company is expanding into FMCG with a premium range of grains and aims to transform into a comprehensive Food, Nutrition, and Bioenergy enterprise.

• Capacity utilization in distilleries is expected to remain above 90%, with a focus on maximizing asset efficiency.

• Expectation of broad-based GDP growth and robust consumer market expansion in India.