EID Parry plans Sivagangai distillery sale for ₹45.9 crore
In short
EID Parry plans to sell its Sivagangai distillery unit for ₹45.9 crore and reported a 40% fall in Q2 profit.
At the same time, sugar revenue rose 32% to ₹486 crore, helped by higher sales and better pricing.
What the reporting says
EID Parry is set to sell its Sivagangai distillery unit for ₹45.9 crore, while also reporting a 40% decline in Q2 profit. The source additionally says revenue from the sugar segment rose 32% to ₹486 crore, supported by higher sales volumes and better realisations. The reported figures point to mixed operational performance across the company’s businesses.
Why it matters
EID Parry is planning to sell its Sivagangai distillery unit for ₹45.9 crore and has reported a 40% drop in quarterly profit. The source also says sugar-segment revenue rose 32% to ₹486 crore due to higher volumes and better realisations. Together, the figures show weaker overall profit but stronger performance in the sugar business.