Murugappa Group company EID Parry reported a consolidated net loss of ₹287 crore for the quarter ended March 2026 (Q4FY26) compared to a net profit of ₹539 crore in Q4FY25, as exceptional items comprising impairment of assets and restructuring cost of subsidiaries pulled profits down.
The consolidated revenue from operations was ₹7,882 crore (₹6,811 crore), largely driven by the sugar business.
In Q4FY26, the company incurred an exceptional charge of ₹478 crore on its profits. This included a ₹138-crore impairment of assets with respect to three cash generating units (CGUs) due to insufficient feed stock availability in Tamil Nadu and Andhra Pradesh. It also included an estimated provision towards impairment of investment/goodwill relating to the company’s drones subsidiary business, due to delay in execution of certain orders. Further, on March 31, 2026, EID Parry board approved the closure of operations of its subsidiary Parry Sugars Refinery India and ₹270 crore has been incurred in closure-related costs.
For FY26, net profit stood at ₹1,380 crore (₹1,772 crore). The consolidated revenue for FY26 was ₹38,534 crore (₹31,609 crore).
Sugar segment biz
Muthiah Murugappan, Whole-time Director and CEO, EID Parry, said that revenues of the sugar segment was at ₹466 crore for Q4FY26 (₹408 crore). “Profit before Interest and tax was ₹78 crore (₹56 crore) on account of better realisation and cost optimisation measures,” he added.
EID Parry has six sugar factories having an aggregate capacity to crush 40,800 TCD, generating 140 MW of power and five distilleries having a capacity of 582 KLPD. The company also has a significant presence in Farm Inputs business through its subsidiary, Coromandel International.
In the Nutraceuticals business, it holds a strong position in the growing wellness segment mainly catering to the world markets with its organic products. With growth of Parry’s staples business, the company is also attempting a transformation from a sugar enterprise into a comprehensive Food, Nutrition and Bioenergy establishment.