What was E I D-Parry's revenue in Q3 FY26?

E I D-Parry reported revenue of ₹10,316 Cr in Q3 FY26, a -0.5% change year-over-year.

Did E I D-Parry management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

E I D-Parry Q3 FY26 Research Workspace: Revenue ₹10,316 Cr (-0.5%)

Q: What guidance did E I D-Parry management give?

Consumer product correction to conclude in Q4: Channel restructuring and business model correction will be completed by Q4 FY26, with stronger operating model expected from Q1 FY27.

Revenue ₹10,316 Cr -0.5%

EBITDA —

PAT ₹437 Cr

EBITDA Margin 8%

Duration 42 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

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.

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Risk Intelligence

Policy inaction on MSP and ethanol pricing

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Quarter Snapshot

Sugar crushing volume 15.31 lakh MT

+20.6% YoY

Crushed 15.31 lakh MT vs 12.7 lakh MT in Q3 FY25, driven by longer season.

Sugar recovery rate 11.19%

+341bps YoY

Recovery improved from 7.78% in Q3 FY25, indicating better cane quality.

Refined sugar sales volume 1.57 lakh MT

-16% YoY

Sales declined from 1.87 lakh MT due to lower white premiums globally.

Consumer product outlet coverage 1-1.2 lakh outlets

flat

Current coverage; 70,000 outlets buy quarterly. Growth expected post-restructuring.

Fast read

Guidance and risk preview

Top guidance Consumer product correction to conclude in Q4

Channel restructuring and business model correction will be completed by Q4 FY26, with stronger operating model expected from Q1 FY27.

Top risk Policy inaction on MSP and ethanol pricing

No upward revision of MSP or ethanol prices expected, straining sugar and distillery margins.