E I D Parry India (EIDPARRY) Q1 24/25 earnings summary

Executive summary

• Consolidated revenue from operations for Q1 FY25 was ₹6,747 crore, down 4% year-over-year from ₹7,026 crore.

• Consolidated EBITDA for the quarter was ₹528 crore, a 19% decrease from ₹652 crore in the prior year.

• Consolidated profit after tax and non-controlling interest was ₹225 crore, compared to ₹325 crore in Q1 FY24.

• Standalone revenue grew to ₹751 crore from ₹698 crore year-over-year, but standalone loss after tax widened to ₹79 crore from a profit of ₹46 crore.

Financial highlights

• Standalone revenue from operations: ₹751 crore (Q1 FY25), up from ₹698 crore (Q1 FY24).

• Standalone loss after tax: ₹79 crore (Q1 FY25) vs. profit of ₹46 crore (Q1 FY24).

• Consolidated revenue from operations: ₹6,747 crore (Q1 FY25), down from ₹7,026 crore (Q1 FY24).

• Consolidated profit after tax attributable to owners: ₹225 crore (Q1 FY25) vs. ₹325 crore (Q1 FY24).

• Consolidated EBITDA: ₹528 crore (Q1 FY25) vs. ₹652 crore (Q1 FY24).

Outlook and guidance

• Consumer Products Group achieved 67% revenue growth, driven by new product launches.

• Distillery segment revenues increased due to the operationalization of the Haliyal 120 KLPD plant.

• Management expects continued focus on branded staples and sweeteners, and further expansion in distillery and nutraceuticals.