EIDPARRY · Fast Moving Consumer Goods
E.I.D. Parry (India) Ltd. reported revenue of ₹8,720 cr for October to December 2024, +12.2% on the year and −6.5% on the quarter.
Operating profit (EBITDA) was ₹694 cr, a margin of 8.0%, +266 bps on the year and −232 bps on the quarter. Over the last 7 quarters the margin has ranged from 5.3% to 11.6%, averaging 8.5%. Operating costs grew +9.1% against revenue growth of +12.2%, so more of each rupee of sales reached operating profit.
Net profit was ₹416 cr, +91.7% on the year and −29.7% on the quarter, with earnings per share of ₹10.97. Profit before other income, one-offs and tax grew 88.3%, so 3 points of the headline growth came from outside the core business. The tax rate of 29% is in line with its recent average.
On earnings per share of ₹45.73 over the last four quarters, the stock at ₹654.90 trades at 14.3 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹9,059 cr | ₹7,770 cr | ₹5,557 cr | ₹6,747 cr | ₹9,330 cr | ₹8,720 cr | ₹6,811 cr | ₹8,720 cr | ₹11,624 cr | ₹10,312 cr | ₹7,882 cr | ₹9,018 cr |
| YoY | — | — | — | −4% | +3% | +12% | +23% | +29% | +25% | +18% | +16% | +3% |
| EBITDA margin | 11.6% | 5.3% | 8.3% | 6.9% | 10.3% | 8.0% | 7.5% | 9.2% | 10.3% | 8.1% | 7.8% | 8.3% |
| Other income, % of PBT | 15% | 14% | 32% | 18% | 9% | 20% | 62% | 15% | 14% | 10% | — | 7% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 24% | 25% | 23% | 31% | 27% | 29% | 27% | 25% | 28% | 26% | — | 26% |
| Net profit | ₹782 cr | ₹217 cr | ₹294 cr | ₹226 cr | ₹592 cr | ₹416 cr | ₹539 cr | ₹464 cr | ₹766 cr | ₹437 cr | −₹287 cr | ₹312 cr |
| YoY | — | — | — | −30% | −24% | +92% | +83% | +105% | +29% | +5% | −153% | −33% |
| Core profit YoY | — | — | — | −45% | −15% | +88% | +7% | +97% | +23% | +14% | −3% | −25% |
| EPS | ₹25.48 | ₹6.66 | ₹12.41 | ₹5.14 | ₹17.21 | ₹10.97 | ₹16.12 | ₹13.85 | ₹23.86 | ₹13.05 | −₹18.74 | ₹7.96 |
| Flags | · | · | 1 | ✓ | ✓ | ✓ | 2 | ✓ | ✓ | ✓ | 1 | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
E.I.D. Parry (India) Ltd. reported revenue of ₹8,720 cr (+12.2% on the year) and net profit of ₹416 cr (+91.7% on the year) for October to December 2024.
Profit before other income, exceptional items and tax moved +88.3% on the year, against +91.7% for reported profit.
None of the 7 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.