EID Parry India Limited — Investor Meet, 17-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

EID Parry's Q2 saw stable sugar revenue but a 30% dip in consumer products due to lower pulse prices and quota. Refinery EBITDA doubled, while Nutraceuticals received a one-off insurance boost. Overall debt is well-managed.

Management highlighted global sugar surplus, potential softening sugar prices, and ethanol policy challenges. They are advocating for MSP revision and better ethanol pricing. A channel consolidation in the consumer business will temporarily impact Q3 volumes but is strategic for long-term efficiency. The company is also exploring new consumer product categories like convenience foods and snacking, aiming for significant growth. Ethanol capacity utilization is expected to remain strong.