EID Parry Reports 30% Jump in Q4 Profit, Plans Major Investment in Subsidiary
E.I.D.-Parry (India) has reported strong Q4 results with a 30.3% increase in consolidated net profit to ₹287 crore and a 22.6% rise in revenue to ₹6,811 crore. The company also announced a strategic investment of ₹350 crore in its wholly-owned subsidiary, Parry Sugars Refinery India Private Limited. While the farm inputs division led performance, the sugar division saw a decline in profits. The company's subsidiary, Coromandel International, declared dividends of ₹9 per share.