Earnings call · Apr–Jun 2026
E.I.D. Parry (India) Ltd.
Apr–Jun 2026 saw EID Parry reduce CPG revenue intentionally while improving margins, with Tamil Nadu sugar operations at 54 days versus 37 days prior year. Management targets CPG quarterly breakeven in 4-5 quarters & expects Nutra EBITDA margins of 12-15% at scale, while working to reduce debt by ₹665 crore infusion to settle PSRIPL liabilities.
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From the company
- Muthiah MurugappanWhole-Time
- Venkateshwarlu YChief Financial
- Abdul Hakeem AshiqChief Operating
Questions came from
- Sanjay ShahKSA Securities
- Gautam DedhiaNalanda Securities
- Rajesh Majumdar360 ONE Capital
- Rajakumar VaidyanathanRK Investments
- Sanjay ManyalDAM Capital
Topics in this call
Opening remarks
Muthiah MurugappanWhole-Time
Many thanks, Sanjay. A very good morning to everyone. I hope you are all doing well. It gives me great pleasure to be a part of the Q1 FY '27 Analyst Call to share an update about our financial results for the 1st Quarter.I will start with the global sugar scenario:Global sugar markets are transitioning from a surplus-driven bearish phase towards a more balanced outlook. According to the International Sugar Organization (ISO), the world sugar market is expected to record a surplus of 2.24 million metric tons (MMT) in 2025-26 compared to a deficit of 3.2 MMT in the previous year. This is largely driven by better global production of 182 MMT. However, weather concerns are increasingly supporting prices.
London white sugar prices have recovered from lows near $404 per ton in early 2026 to about $471 per ton by July 2026. While raw sugar prices remain subdued around 14-15 cents per pound. In Brazil, a stronger sugarcane harvest has increased ethanol production and lowered domestic ethanol prices. Although more cane is currently being directed towards ethanol rather than sugar.I will come now to the Indian scenario:In Sugar Year (SY) 2025-26, the latest estimates are as follows: Gross production is 31 MMT. Diversion towards ethanol is a little over 3 MMT. Domestic consumption is 28 MMT. Exports are 0.8 MMT and closing stocks likely at 4.2 MMT. For SY 2025-26, the net sugar production is about 28 MMT up from 26 MMT in the previous year.
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