Murugappa Group company EID Parry on Tuesday reported robust growth in consolidated revenue and profits for the fourth quarter ended March 2025 (Q4FY25) on the back of the distillery segment performance. The company also announced a substantial investment of up to ₹350 crore in its wholly-owned subsidiary Parry Sugars Refinery India (PSRIPL).
The consolidated revenue from operations for the quarter was ₹6,811 crore, a 23 per cent increase from the same quarter last year. The consolidated profit after tax and non-controlling interest was ₹287 crore, as against ₹220 crore in the prior period. For the full fiscal, consolidated revenue from operations grew 7.5 per cent YoY and ended at ₹31,609 crore.
Consolidated profit after tax and non-controlling interest was ₹878 crore, a 2 per cent fall YoY.
The investment in PSRIPL will go towards the reduction of debt/ improvement of net worth of PSRIPL, which is engaged in the sugar refining business, with a refinery at Kakinada. The company had a turnover of ₹4,262 crore in FY25.
On a standalone basis, revenue from operations for Q4FY25 was ₹814 crore in comparison to the corresponding quarter of the previous year of ₹717 crore. The standalone loss for the quarter was ₹232 crore, as compared to a profit of ₹80 crore in the prior period, owing to a provision for impairment of investment in the subsidiary. For FY25, the standalone revenue from operations was ₹3,168 crore, as against ₹2,809 crore in the previous year. Standalone loss after tax for FY25 was ₹428 crore (including a ₹427 crore provision for impairment of investment in subsidiary) as compared to a profit of ₹107 crore in the previous year.
Commenting on the company’s standalone performance, Muthiah Murugappan, Whole-time Director and Chief Executive Officer, EID Parry, said revenues of the sugar segment for the fiscal declined 13 per cent due to lower crushing. The sugar segment registered a loss of ₹86 crore, as compared to a profit of ₹68 crore for the previous year, on account of lower cane volume, lower recoveries and higher cane cost, he said.
The revenues of the distillery segment for the year recorded a growth of 38 per cent, benefitting from enhanced capacity utilisation after completion of distillery expansion projects. With an expanded portfolio of branded staples, the company’s consumer Products Group (CPG) segment delivered revenues of ₹884 crore for the current year, a growth of 65 per cent over the previous year. “The Branded Sweetener category within the CPG delivered a steady performance, registering a growth of 11 per cent over the previous year,” Murugappan said.
EID Parry has six sugar factories, with a capacity to crush 40,800 TCD, generate 140 MW of power and five distilleries having a capacity of 582 KLPD.
The company’s shares closed at ₹981.15, down 0.32 per cent on the BSE.
Published on May 27, 2025