Q1 2027 E I D-Parry (India) Ltd Earnings Call Transcript
Key Points
- Global sugar market outlook is improving, with prices recovering from lows and a shift towards a more balanced supply-demand scenario.
- Domestic sugar prices have risen above INR 45-46 per kg, supported by El Niño conditions and tight inventories, potentially boosting revenue.
- Sugar sales volume increased significantly to 89,000 metric tons in Q1 FY27 from 15,000 metric tons in the prior-year quarter, driving revenue growth.
- The Nutra segment is performing well, with growth driven by Valensa and new product launches, and management expects the highest-ever revenue this year.
- The company is focused on improving operational efficiency, reducing debt, and monetizing non-core assets to strengthen its balance sheet.
- Cane availability in Tamil Nadu and Andhra Pradesh is declining due to farmers shifting to more lucrative crops, leading to a projected 5% drop in crushing in these regions.
- Cane landed cost increased to INR 4,031 per metric ton due to higher Fair and Remunerative Price (FRP), pressuring margins.
- The CPG division's revenue fell sharply to INR 94 crores from INR 188 crores in the prior-year quarter, though losses narrowed.
- The company incurred a significant cash outflow of INR 665 crores to settle PSRIPL's bank liabilities, impacting liquidity.
- Employee costs rose due to VSS (Voluntary Separation Scheme) expenses, and further restructuring costs are expected in the near term.
Ladies and gentlemen, good day and welcome to the E.I.D. Parry India Q1 FY27 earnings conference call hosted by DAM Capital Advisors. (Operator Instructions) .
I now hand the conference over to Mr. Sanjay Manyal from DAM Capital. Thank you, and over to you, sir.
Hello, everyone, and a warm welcome on behalf of DAM Capital to the Q1 FY27 earnings call of E.I.D. Parry. We thank E.I.D. Parryâs management for giving us this opportunity to host this call. On the call today, we have Mr. Muthiah Murugappan, Whole-Time Director and CEO, along with the senior management team of E.I.D. Parry. I hand over the call to the management for opening remarks followed by Q&A session. Thank you, and over to you, sir.
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Many thanks, Sanjay. A very good morning to everyone, and hope you are all doing well. It is a great pleasure to
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