EID Parry India Limited (EIDPARRY) Q2 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch
EID Parry India, the Murugappa Group sugar, biofuels and nutraceuticals company with a large fertilizer presence through Coromandel International, reports its Q2 FY 2026-2027 numbers into a quarter shaped by a sharp sugar price spike-and-collapse and frozen ethanol prices. The print will speak to margin trajectory against a higher cane cost base and the PSRIPL wind-down, where the company has guided to period costs only from Q2 FY27.
Read the full Q2 FY27 results analysis →
| Results date | November 13, 2026 |
|---|---|
| Quarter | Q2 FY 2026-2027 |
| Previous quarter revenue | Rs. 9,017.52 Cr (+3.41% YoY) |
| Previous quarter PAT | Rs. 141.60 Cr to owners (-42.50% YoY) |
| Market cap | Rs. 11,926.59 Cr |
| CMP | Rs. 670.2 |
EID Parry India Limited Q2 Results Date and Time
The board is scheduled to meet on Friday, November 13, 2026, to approve unaudited standalone and consolidated results for the quarter and half-year ended September 30, 2026 (Regulation 29, SEBI LODR). No dividend agenda phrase appears in the board-meeting intimation.
An analyst/investor call on the Q2/H1 FY27 results is scheduled for November 16, 2026, at 10:30 IST. Speakers include Whole-time Director & CEO Muthiah Murugappan, with analyst lead Sanjay Manyal of DAM Capital Advisors.
What to expect from EID Parry India Limited's Q2 FY27 results
The quarter tests whether EID Parry's 'margin pool has grown' narrative holds as sugar ex-mill prices collapsed roughly 25-30% from the August peak of Rs. 5,530/quintal to about Rs. 4,450/quintal by late September, while ethanol prices stay frozen for a third year and the 2026-27 cane cost base steps up with FRP at Rs. 3,650/t.
Sugar realization on the 1.16 LMT inventory carried at about Rs. 41.50 should benefit from August sales into a market near Rs. 50/kg, but the September fall caps the capture; distillery demand stayed soft with Q1 ENA realization at Rs. 63.49/litre and the ~17 crore litre ethanol guide conditional on blending improvement.
Management's August markers are testable this quarter: PSRIPL bank loans fully repaid by June 30, 2026, SEZ exit formalities by September 30, 2026 with period costs only from Q2 FY27, and CPG quarterly break-even within 4-5 quarters from August 2026 after the loss narrowed from Rs. 17.47 Cr to Rs. 11.98 Cr in Q1.
The policy respite management said it needs on MSP and ethanol price did not materialize in the quarter, with government action running the other way through imports and stock caps, and the -24% South Peninsula monsoon is a demand watch for the Coromandel segment that contributed Rs. 6,951 Cr of Q1 revenue. The November 16 call is expected to cover the PSRIPL closure, the distillery bridge, sugar realization and CPG loss trajectory.
Key Things To Watch
Guidance scorecard: Management's stated markers and what to verify on the call:
- CPG quarterly break-even — within 4-5 quarters from Aug 2026 — check quarterly loss trajectory vs the FY26 standalone CPG loss of Rs. (109) Cr
- Jaggery facility commissioning — by end of FY'27 Q3 — any timeline revision is key; Rs. 40 crore capex, ~Rs. 100 Cr turnover and 'more than double' capacity guided
- PSRIPL SEZ exit — by September 30, 2026 — status update needed; bank loans fully repaid by June 30, 2026 per Q1 filing
- Nutra steady-state EBITDA margin 12-15% — open-ended; highest-ever Nutra revenue guided for FY27
- TN/AP crush — flat to -5% for FY27 with Karnataka compensating — verify against early crush data; ethanol ~17 crore litres conditional on blending improvement
PSRIPL wind-down execution
- Period costs only expected from Q2 FY27 'as per the plan'; asset-sale/tender progress after the 51st AGM approved disposal
- Utilization of the up-to-Rs. 130 Cr additional loan support (Rs. 55 Cr disbursed in Q1) and the Rs. 65 Cr remaining disbursement per the call summary
Sugar realization and cane availability
- Realization on the 1.16 LMT sugar inventory valued at approximately Rs. 41.50 vs the ~Rs. 4,450/quintal late-September ex-mill market after the ~25-30% fall from the August peak
- TN/AP cane availability for the October crush after the South Peninsula monsoon at 76% of LPA; cane cost base at Rs. 4,087/MT in Q4 FY26 vs Rs. 3,768/MT
Distillery bridge and ethanol policy
- Ethanol volumes vs the ~17 crore litre conditional guide; ENA realization vs the Rs. 63.49/litre Q1 average, with Karnataka ENA at Rs. 58-60 and Tamil Nadu around Rs. 72
- Feedstock-switch commentary with C-heavy-only restriction widely expected for the new supply year; no multi-feed conversion capex until policy clarity
Working capital and debt seasonality
- Short-term debt rebuilds with crushing; ~Rs. 980 Cr short-term and ~Rs. 150 Cr long-term standalone debt as of June 30, 2026 per the Q1 call
- Non-core land disposal progress expected in FY'27; balance-sheet strengthening targeted by March '27 and '28
Ask about this
Ask Cofacto a question about this company. Answers cite filings and company data.
Frequently Asked Questions
Why did EID Parry's profit fall in Q1 FY27 despite higher revenue?
Consolidated revenue rose 3.41% YoY to Rs. 9,017.52 Cr, but EBITDA fell 12.74% to Rs. 781 Cr and PAT to owners fell 42.50% to Rs. 141.60 Cr. The standalone loss widened to Rs. 89.29 Cr on PSRIPL-related exceptionals, a net charge of Rs. 18.68 Cr from a Rs. 610.00 Cr impairment offset by a Rs. 591.32 Cr provision reversal.
What is the status of EID Parry's PSRIPL refinery exit?
The refinery closed on March 31, 2026, bank loans were fully repaid and employee obligations discharged by June 30, 2026, with SEZ exit formalities expected complete by September 30, 2026. The 51st AGM approved a special resolution to dispose of PSRIPL assets, and from Q2 FY27 only period costs are expected 'as per the plan'.
When will EID Parry's new Karnataka jaggery plant start operations?
Commissioning is expected by the end of FY'27 Q3, reiterated as 'expected in 6 months' on the August 2026 call. The Rs. 40 crore facility is expected to more than double current jaggery capacity with about Rs. 100 crores in turnover from jaggery alone.
Is EID Parry's consumer products business close to breaking even?
Management guided in August 2026 to quarterly break-even within 4-5 quarters, improved from 6-8 quarters guided in May 2026. The CPG loss narrowed from Rs. 17.47 Cr to Rs. 11.98 Cr in Q1 FY27, against a FY26 standalone CPG loss of Rs. (109) Cr.
What happened to ethanol prices for EID Parry's distillery business?
Ethanol offtake prices have been unchanged for almost 3 years, with no hike in the last 2 years while sugarcane costs rise, and no ethanol price revision or sugar MSP hike was notified in the quarter. Management said it needs policy support on MSP and ethanol price 'to move the needle'.
Related
- EID Parry Q2 FY27 Results Analysis: PAT Falls 40%, Sugar Loss Narrows (EIDPARRY)Q2 FY2026-2027 Results Analysis
- EID Parry Q1 FY27 Results Analysis: PAT Plunges 42.5%, Policy Headwinds Persist (EIDPARRY)Q1 FY2026-2027 Analysis
- EID Parry India Limited (EIDPARRY) Q1 Results FY27 Preview: Date, Time, Expectations & Key Things To WatchQ1 FY2026-2027 Preview
Disclaimer: This earnings preview is published for educational and informational purposes only. It is not investment advice, not a recommendation to buy, sell or hold any security.