Murugappa Group company EID Parry (India) Ltd reported a sharp narrowing of its standalone net loss for the December quarter at ₹54 crore, compared with a loss of ₹146 crore in the year-ago period, aided by better realisations and cost optimisation measures.
Revenue from operations stood at ₹773 crore (₹848 crore). Segment-wise, sugar contributed ₹389 crore, distillery ₹289 crore, co-generation ₹37 crore, consumer products ₹143 crore and nutraceuticals ₹6 crore.
Whole-time Director and CEO Muthiah Murugappan said the sugar segment posted revenue of ₹389 crore compared with ₹391 crore in the same period last year. Loss before interest and tax in the segment narrowed to ₹26 crore from ₹49 crore.
The distillery segment recorded revenue of ₹289 crore but reported a loss of ₹15 crore, primarily due to higher input costs.
Revenue from the Consumer Products Group fell to ₹143 crore from ₹236 crore, mainly on account of lower sweetener revenues due to restricted release quotas and reduced volumes in the non-sweetener portfolio.
The nutraceuticals segment saw revenue decline to ₹6 crore from ₹12 crore, largely due to lower export sales.
Separately, the board on February 12, 2026 approved the sale of up to 15 lakh equity shares of subsidiary Coromandel International Ltd, representing 0.51% of its paid-up share capital.