EID Parry India / Q3-FY26

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Watch2026-02-14Back to EIDPARRY

Revenue

₹10,316 Cr

verified against source

Revenue YoY

-0.5%

reported change

EBITDA

Pending

latest reported figure

Source

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record provenance

Actual signal trajectory

Where this quarter sits.

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Revenue (₹ Cr)PositiveWatchNegative
2 actual records
Actual quarterly Revenue (₹ Cr) trajectoryReported values plotted by quarter. Hover or focus a point for its quarter, value, and source sentiment.Q3 FY26: 10,316 · Watch source sentiment · 2026-02-14Q3 FY26Q4 FY26: 7,882 · Watch source sentiment · 2026-04-30Q4 FY2610,3167,882
Values are taken from the available verified source records; sentiment color is a separate source-read indicator.

Quarter read

What the record says.

EID Parry reported Q3 FY26 revenue of ₹389 crore, flat YoY, as sugar segment benefited from better realizations (₹40/kg vs ₹37.69) but consumer products declined due to channel restructuring and lower pulse prices. Distillery volumes were stable but ethanol pricing remains stagnant. The refinery business saw cost improvements but spreads compressed due to global surplus. Management guided for a stronger Q4 in sugar (seasonal) and expects consumer product correction to conclude by Q4, with new category entry plans announced in May. Key risk: policy inaction on MSP/ethanol pricing could continue to pressure margins.

Colored figures show movement against the previous available record.

Guidance to track

  • Channel restructuring and business model correction will be completed by Q4 FY26, with stronger operating model expected from Q1 FY27.
  • Management will reveal new categories beyond sweeteners and staples in the next earnings call, based on work with industry experts.
  • Energy efficiency projects have reduced costs to ~$41/MT, and management expects to sustain these levels going forward.

Risks flagged

  • No upward revision of MSP or ethanol prices expected, straining sugar and distillery margins.
  • White premiums remain low due to global surplus, impacting refinery profitability for at least two more quarters.
  • Impairment of ₹10 crore taken in Q3; further impairments possible if channel correction fails to deliver expected results.

Key quotes

  • We will also announce in Q1 the newer categories we wish to enter in the food FMCG space.
  • We have taken some impairments on account of this channel correction and that's reflected in the numbers this year we've already taken in Q3 a 10 crore impairment.
  • The white premiums which is the indication of spread availability has been under pressure over the last 6 months.

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