EID Parry swings to Rs 287.17 cr loss as other income turns negative
Revenue grew 15.73% year-on-year, but a negative Rs 429.56 cr from other income pushed profit before tax into a loss.
Filed 26 May 2026, 14:28 IST · EID Parry (India) Ltd (EIDPARRY)
Key takeaways
- EID Parry reported a consolidated net loss of Rs 287.17 cr as other income swung to a negative Rs 429.56 cr.
- Revenue rose 15.73% year-on-year, but expenses grew 15.76%, leaving operating margin down 0.02 percentage points at 7.76%.
- The stock fell 5.88% on the first trading day after results, far beyond its 0.8% median absolute post-results move.
Price around the results
Negative other income drove the consolidated loss
EID Parry's consolidated profit before tax was a loss of Rs 162.34 cr, despite operating profit of Rs 611.49 cr. Other income swung from Rs 442.63 cr in Q4FY25 to a negative Rs 429.56 cr this quarter, accounting for 264.61% of pre-tax profit on the reported basis. The company also faced higher interest and depreciation costs, up 23.09% and 59.25% year-on-year respectively.
Revenue grew, but operating margin slipped again
Revenue increased 15.73% year-on-year, while expenses grew slightly faster at 15.76%, trimming operating margin by 0.02 percentage points. Sequentially, revenue fell 23.59% and expenses fell 23.31%, so costs again declined more slowly than revenue and margin narrowed 0.34 percentage points. Operating margin has now declined for a second straight quarter, from 10.3% in Q2FY26 to 8.1% in Q3FY26 and 7.76% in Q4FY26.
Margin was well below the reported FMCG peer median
EID Parry's 7.76% operating margin was 8.99 percentage points below the 16.75% median for 26 Fast Moving Consumer Goods companies that had reported the quarter. It ranked fifth from the bottom among those reported peers. The reported tax rate was negative 76.89%, reflecting a tax charge despite the pre-tax loss rather than a tax benefit supporting earnings.
The post-results fall was unusually large for the stock
The stock fell 3.2% on the results date and 5.88% on the next trading day, with volume at 5.04 times the usual level. The first-day decline was also 2.71% worse than the market, while the five-day relative decline was 1.57%. This reaction was notably larger than the stock's 0.8% median absolute move after its eight recent results.
Q4FY26 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q4FY26 | Q3FY26 | QoQ | YoY |
|---|---|---|---|---|
| Revenue | ₹7,882 cr | ₹10,316 cr | -23.59% | +15.73% |
| Other income | ₹-430 cr | ₹60 cr | — | — |
| Expenses | ₹7,271 cr | ₹9,481 cr | -23.31% | +15.76% |
| Operating profit | ₹611 cr | ₹835 cr | -26.77% | +15.38% |
| Operating margin (%) | 7.76% | 8.10% | — | — |
| Interest | ₹119 cr | ₹103 cr | +15.02% | +23.09% |
| Depreciation | ₹226 cr | ₹204 cr | +10.87% | +59.25% |
| Profit before tax | ₹-162 cr | ₹588 cr | — | — |
| Tax | ₹125 cr | ₹151 cr | -17.29% | -36.02% |
| Net profit | ₹-287 cr | ₹437 cr | — | — |
| EPS (₹) | ₹-18.74 | ₹13.05 | — | — |
Operating margin of 7.76% compares with a Fast Moving Consumer Goods sector median of 16.75% across 26 peers that have reported Q4FY26.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -3.20% | -2.71% |
| Next session | -5.88% | — |
| 5 sessions | -4.18% | -1.57% |
| 15 sessions | -7.25% | — |
| 30 sessions | -5.15% | — |
Volume on the results session was 5.04× its 20-day average.
What to watch
- Whether consolidated operating margin recovers from 7.76% after its second straight quarterly decline.
- Whether other income moves back from the negative Rs 429.56 cr reported in Q4FY26.
- Whether interest and depreciation moderate from Rs 118.61 cr and Rs 225.66 cr respectively.